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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

Post by FreedomFun55on Jan 19, 2021 5:25pm
489 Views
Post# 32329564

"Sibanye Stillwater Says Platinum Rebound Will Last" ...

"Sibanye Stillwater Says Platinum Rebound Will Last" ...
"Sibanye Stillwater, the world’s top platinum miner, said it expects the price of the precious metal to climb more than 80% over the next four to five years as the globally economy improves and supply shrinks. “Platinum has only just started to re-rate and it will continue,” CEO Neal Froneman said. “There is no reason why platinum will not eventually trade at $2,000 an ounce and probably even higher.” Bloomberg reports the metal has nearly doubled since its 18-year low in March due to supply disruptions and growing demand from China for use in pollution-control devices."

https://www.kitco.com/commentaries/2021-01-19/Gold-SWOT-Sibanye-Stillwater-Says-Platinum-Rebound-Will-Last.html?sitetype=fullsite
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