TIDMELR
Eastplats Reports Production Results For the Quarter Ended March 31, 2011
FOR: EASTERN PLATINUM LIMITED
TSX, AIM SYMBOL: ELR
JSE SYMBOL: EPS
April 18, 2011
Eastplats Reports Production Results For the Quarter Ended March 31, 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 18, 2011) - Mr. Ian Rozier, President and CEO of Eastern
Platinum Limited ("Eastplats") (TSX:ELR)(AIM:ELR)(JSE:EPS), is pleased to report operating results from the
Crocodile River Mine ("CRM") for the first quarter ended March 31, 2011.
Production statistics for the current quarter and historical quarters are as follows:
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Increase
Quarter ended (decrease)
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Q1 2011 Q1 2011
Production Mar 31, Dec 31, Sept 30, Jun 30, Mar 31, vs. vs.
statistics 2011 2010 2010 2010 2010 Q4 2010 Q1 2010
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Ounces
produced 25,387 32,752 37,798 30,820 30,531 (7,365) (5,144)
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Run-of-mine
tonnes
hoisted 247,369 324,879 362,042 297,186 304,309 (77,510) (56,940)
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Run-of-mine
tonnes
processed 245,500 327,872 357,219 290,028 290,854 (82,372) (45,354)
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Development
(meters) 4,219 3,501 3,299 3,202 2,812 718 1,407
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On-reef
development
(meters) 2,434 1,925 1,797 1,573 1,931 509 503
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Stoping units
(square
meters) 44,674 53,044 50,892 50,573 51,760 (8,370) (7,086)
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Head grade
(grams/tonne) 3.93 3.97 4.03 4.12 4.11 (0.04) (0.17)
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Concentrator
recovery
from ROM ore
(i) 79% 78% 81% 80% 78% 1% 1%
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Chrome
dispatched
(tonnes) 62,498 79,461 100,023 76,677 75,846 (16,963) (13,348)
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(i)Concentrator recovery has been rounded to the nearest percentage point.
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Early in the quarter, a comprehensive internal safety review was conducted in line with new DMR (South African
Department of Mineral Resources) general safety recommendations on roof support requirements. Following this
review, support methods at CRM have been modified. This review has also accelerated the previously planned
progressive introduction of cement grout support packs into working panels as mining operations at CRM get
deeper and where support requirements are projected to increase. These measures should further enhance safety
standards at CRM. This increase in support standards necessitated the retraining of underground personnel with
a consequent temporary reduction in the number of working panels during the quarter that impacted on mine
production.
Following the decision taken early in 2010 to accelerate the development of reserves at CRM, development has
increased for the fourth consecutive quarter.
Concentrator recovery from ROM ore for the quarter increased to 79% compared to 78% in the quarter ended
December 2010 as a result of improved concentrator utilization and stability.
The increase in on reef development has impacted slightly on the head grade delivered to the plant.
"The traditional slow start in January combined with the introduction of revised support methods resulted in a
significant decrease in production for the quarter. We are confident that the impact of this is short term and
that production will return to anticipated levels. Development at Crocette is progressing, and in the Eastern
Limb we anticipate awarding contracts for construction for Mareesburg shortly," stated Ian Rozier.
The qualified person having reviewed the operating results presented in this press release is Mr. Brian
Montpellier, P. Eng, V.P. Project Development.
Eastplats will release its full first quarter results on Wednesday, May 11, 2011.
Total shares issued and outstanding: 908,187,807
S&P TSX Composite Index
Certain statements included herein constitute "forward-looking statements" within the meaning of applicable
Canadian securities legislation. These forward-looking statements are based on certain assumptions by Eastplats
and as such are not a guarantee of future performance. 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, increased costs of production and a decline in metal prices. Eastplats is under no obligation to
update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as 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)
info@eastplats.com
www.eastplats.com
OR
NOMAD:
Mark Williams / Ryan Cohen
Canaccord Genuity Limited, London
+44 20 7050 6500
MWilliams@canaccordgenuity.com / rcohen@canaccordgenuity.com
OR
JSE SPONSOR:
Johan Fourie
PSG Capital (Pty) Limited
+27 21 887 9602
johanf@psgcapital.com
No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.
Eastern Platinum Limited