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EPS - Eastern Platinum - Tailings Retreatment Plant Commissioned At Crocodile

Release Date: 04/07/2007 12:10
Code(s): EPS
Wrap Text

EPS - Eastern Platinum - Tailings Retreatment Plant Commissioned At Crocodile River Mine EASTERN PLATINUM LIMITED (Incorporated in Canada) (Canadian Registration number BC0722783) (South African Registration number 2007/006318/10) Share Code TSX: ELR ISIN: CA 2768551038 Share Code AIM: ELR ISIN: CA 2768551038 Share Code JSE: EPS ISIN: CA 2768551038 TAILINGS RETREATMENT PLANT COMMISSIONED AT CROCODILE RIVER MINE Mr. Ian Rozier, President and CEO of Eastern Platinum Limited ("Eastplats") is pleased to report that a new tailings recovery plant has recently been commissioned at Eastplats` Crocodile River Mine ("CRM"). The plant, which is based on technology used by some of the major platinum producers, has proved to be highly efficient and cost effective. The Tailings Retreatment plant has been implemented at a total cost of $2.28 million and is expected to contribute 5,000 ounces of platinum group metals ("PGM") to annual production at a cost of $150/ounce, recovering PGM from low grade tailings which historically have been deposited on the tailings dam. "We are very pleased with the new plant which will contribute to improving levels of efficiency and reducing unit operating costs", stated Ian Rozier. "The plant is just one more facet of our overall development plan to improve efficiencies and increase production at CRM." Photographs showing the plant under construction and operation are available on the Company`s website. Total shares issued and outstanding: 667,778,194 For further information contact: Investor Relations Website: www.eastplats.com Email: info@eastplats.com #501-837 West Hastings Street, Vancouver, BC, Canada, V6C 3N6 Tel: (604) 685-6851, Fax: (604) 685-6493 PSG Capital (Pty) Limited - Sponsor Date: 04/07/2007 12:10:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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