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ELR Eastern Plat

5.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eastern Plat LSE:ELR London Ordinary Share CA2768551038 COM SHS NPV (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.25 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Eastplats Reports Production Results For the Quarter Ended March 31, 2011

18/04/2011 7:00am

UK Regulatory



 
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: 
 
/T/ 
 
=--------------------------------------------------------------------------- 
                                                                   Increase 
                             Quarter ended                        (decrease) 
=--------------------------------------------------------------------------- 
                                                           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 
=--------------------------------------------------------------------------- 
Ounces 
 produced      25,387   32,752   37,798   30,820   30,531   (7,365)  (5,144) 
=--------------------------------------------------------------------------- 
Run-of-mine 
 tonnes 
 hoisted      247,369  324,879  362,042  297,186  304,309  (77,510) (56,940) 
=--------------------------------------------------------------------------- 
Run-of-mine 
 tonnes 
 processed    245,500  327,872  357,219  290,028  290,854  (82,372) (45,354) 
=--------------------------------------------------------------------------- 
Development 
 (meters)       4,219    3,501    3,299    3,202    2,812      718    1,407 
=--------------------------------------------------------------------------- 
On-reef 
 development 
 (meters)       2,434    1,925    1,797    1,573    1,931      509      503 
=--------------------------------------------------------------------------- 
Stoping units 
 (square 
 meters)       44,674   53,044   50,892   50,573   51,760   (8,370)  (7,086) 
=--------------------------------------------------------------------------- 
Head grade 
 (grams/tonne)   3.93     3.97     4.03     4.12     4.11    (0.04)   (0.17) 
=--------------------------------------------------------------------------- 
Concentrator 
 recovery 
 from ROM ore 
 (i)               79%      78%      81%      80%      78%       1%       1% 
=--------------------------------------------------------------------------- 
Chrome 
 dispatched 
 (tonnes)      62,498   79,461  100,023   76,677   75,846  (16,963) (13,348) 
=--------------------------------------------------------------------------- 
 
(i)Concentrator recovery has been rounded to the nearest percentage point. 
 
/T/ 
 
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. 
 
 
 
-30- 
 
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 
 

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