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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

Bullboard Posts
Comment by Japanophiliaon Aug 02, 2014 12:12pm
266 Views
Post# 22805231

RE:RE:RE:RE:Lonmin enters into a binding agreement

RE:RE:RE:RE:Lonmin enters into a binding agreement
Quite sure about it, though not a hundred percent.
Seems ridiculous for there to be 2 Eastern Platinum Limiteds right?
The Lonmin's one is probably an unlisted subsidiary that has the Eastern Platinum mine as its asset. It doesn't help making things less confusing for the fact that the Westplat, Eastplat (Lonmin) and Crocodile River (you know who) mines are situated as neighbouring mines on the map.
Bullboard Posts