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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 FreedomFun55on Feb 01, 2016 11:19am
177 Views
Post# 24512381

RE:RE:Ian Rozier Steps Down

RE:RE:Ian Rozier Steps Down
https://www.bdlive.co.za/business/mining/2016/02/01/sibanye-pushes-for-third-platinum-deal This might shed some light or at a minimum some good speculation. a few interesting quotes from today's Sibanye article linked above. ""and soon we will announce the CEO for our platinum division." The announcement was likely to be around the Mining Indaba in Cape Town next week, he said." Could it be Rozier ??? "The Rustenburg and contiguous Aquarius assets on the western limb of the Bushveld complex would form the base for Sibanyes growth in platinum, Mr Froneman said." Could their future targets include Eastplats ??? Might be what Eastplats shareholders need to add some fuel to the fire on the Hebei deal. This article also references +/- 1.5 years (worst case) to get all proper approvals for one of their deals. "the Rustenburg transaction, which needs competition and Department of Mineral Resources approval, and is expected to be in place by the middle of next year at the latest". Here's hoping we are close to the DMR's decision on Eastplats so they can press forward...
Bullboard Posts