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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Post by vincentmtlon Apr 21, 2016 12:32am

94 Views

Post# 24792282

Confused

The good news is the mineral price now above 1000 dollars per ounce, and the assets are more attractive than before. But what we are waiting for? What's the problem with these Chinese? If they cancelled the transaction, they should pay the company 10 million US dollars, if I didn't make a mistake. Confused me is no piece of news. Lack transparency! Or these Chinese don't want to pay 10 million dollars or want to lower the price of assets?

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