Eastern Platinum Ltd. T.ELR

Alternate Symbol(s): ELRFF

Eastern Platinum Limited owns directly and indirectly a number of platinum group metals (PGM) and chrome assets in the Republic of South Africa. All of the Company’s properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy’s Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world’s PGM-bearing ore. Operations at the Crocodile River Mine include re-mining and processing its tailings resource from the Barplats Zandfontein tailings dam and mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates. The Kennedy’s Vale and Spitzkop Project are situated on the Eastern limb of the Bushveld Complex 350 kilometers (km) northeast of Johannesburg. Mareesburg is an open-cut PGM project on a 2,129- hectares area in the southern part of the eastern limb of the Bushveld Complex, in the Limpopo Province of South Africa.

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Eastern Platinum Ltd.

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Comment by skygardenon Apr 20, 2013 2:59pm

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Post# 21280895

RE: RE: suspending funding for expansion or

That's exactly what it appears to be-I'm enclosing ELR's June 12, 2012 news content from their website:

'Management at the Crocodile River Mine ("CRM") has thoroughly analysed its mining operations and proposes to implement a comprehensive mine development plan to reduce costs and improve efficiencies. The proposed plan would involve extensive underground development resulting in reduced stoping production and increased "on-reef" development in the near term, leading to significant increases in mineable reserves, production, and operating flexibility in the medium and long-term.'

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