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.

TSX:ELR - Post by User

Eastern Platinum Ltd.

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Comment by skygardenon Jun 04, 2013 1:35pm

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Post# 21482068

RE: HOW MUCH IS IT?

I don't necessarily think there is a buyout in the works at this time, but UBS is the process of talking to the various parties involved in the South African mining industry during the next week--I have included their information from their website below.

UBS South African mining field trip 2013

Johannesburg
South Africa

UBS would like to invite you to a week-long field trip of the South African mining sector. The South African mining industry has been a major source of negative news flow recently; plagued by violent labour unrest and relentless union disputes in the midst of rising production costs. Once amongst the leaders in global mining, South Africa is increasingly losing its lustre on the global mining stage with confidence in the sector progressively on the decline. Is it all that bad or are there opportunities? What is the outlook for the South Africa mining industry going forward? To answer these questions and more, we invite you to join us for a week of meetings with various mining companies, unions, labour experts as well as government representatives. The schedule for the trip is included below. Please let us know if you have any questions.