Eastern Platinum Eastplats Reports Production Results for the Quarter Ended December 31, 2012

 
TIDMELR 
 
Eastplats Reports Production Results for the Quarter Ended December 31, 2012 
FOR:  EASTERN PLATINUM LIMITED 
 
TSX, AIM SYMBOL:  ELR 
JSE SYMBOL:  EPS 
 
January 29, 2013 
 
Eastplats Reports Production Results for the Quarter Ended December 31, 2012 
 
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2013) - Eastern Platinum Limited ("Eastplats") (TSX:ELR)(AIM:ELR)(JSE:EPS) reports operating results from the Crocodile River Mine ("CRM") for the fourth quarter ended December 31, 2012 ("Q4 2012"). 
 
Production statistics for the current quarter and historical quarters are as follows: 
 
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                                                               Increase 
                                Quarter ended                 (decrease) 
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                                                            Q4 2012  Q4 2012 
Production         Dec 31, Sep 30, Jun 30, Mar 31, Dec 31,      vs.      vs. 
 statistics           2012    2012    2012    2012    2011  Q3 2012  Q4 2011 
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Ounces produced     14,066  21,273  26,412  24,474  19,854  (7,207)  (5,788) 
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Run-of-mine tonnes 
 hoisted           127,654 206,176 257,250 247,538 200,919 (78,522) (73,265) 
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Run-of-mine tonnes 
 processed         123,222 203,279 252,883 235,354 194,532 (80,057) (71,310) 
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Development 
 (meters)            1,365   2,066   2,922   3,117   2,929    (700)  (1,564) 
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On-reef 
 development 
 (meters)              350     966   1,653   1,704   1,591    (616)  (1,241) 
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Stoping units 
 (square meters)    16,468  28,943  40,959  39,857  31,767 (12,475) (15,299) 
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Head grade 
 (grams/tonne)        4.09    4.08    3.99    4.07    4.05     0.01     0.04 
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Concentrator 
 recovery from ROM 
 ore(i)                72%     76%     79%     77%     76%     (4%)     (4%) 
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Chrome dispatched 
 (tonnes)           45,306  53,761  56,521  74,920  62,791  (8,455) (17,485) 
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(i) Concentrator recovery has been rounded to the nearest percentage point. 
 
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The Company is pleased to report that its implementation of a comprehensive mine development plan at CRM is progressing well. As a result of the planned temporary suspension of stoping at the Zandfontein section, production in Q4 2012 is lower than in previous quarters. 
 
The Company will no longer be providing quarterly production figures in advance of the release of its quarterly financial results until full production resumes at Zandfontein, which is anticipated to be in 2014. 
 
The qualified person having reviewed the operating results presented in this press release is Mr. Brian Montpellier, P.Eng. 
 
Eastplats expects to release its full fourth quarter results on Thursday, March 14, 2013. 
 
Total shares issued and outstanding: 928,187,807 
 
Cautionary Statement on Forward-Looking Information 
 
Certain statements included herein constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. These forward-looking statements pertain to the price of PGMs, fluctuations in currency markets (specifically the South African Rand and the U.S. dollar), the future development of the Company's projects, and the Company's plans for its properties. These forward-looking statements are based on certain assumptions by the Company and therefore, readers are cautioned that forward-looking statements are not a guarantee of future performance. There can be no assurance that such statements will prove to be accurate and actual results could differ materially from those expressed or implied in such forward- looking statements due to factors such as general economic and market conditions, changes in government legislation, controls, regulations and political developments. 
 
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws. 
 
 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Eastern Platinum Limited 
Investor Relations 
1-(604)-685-6851 
1-(604)-685-6493 (FAX) 
[e-mail] 
www.eastplats.com 
 
OR 
 
NOMAD: Cannaccord Genuity Limited, London 
Rob Collins 
[phone] 
 
OR 
 
JSE SPONSOR: PSG-Capital (Pty) Limited 
Johan Fourie 
[phone] 
[e-mail] 
 
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 
 
 
Eastern Platinum Limited