Wrap Text
News release: Eastplats reports production results
for the quarter ended December 31, 2012
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
January 29, 2013
Trading Symbol: ELR (TSX & AIM) EPS (JSE)
NEWS RELEASE
EASTPLATS REPORTS PRODUCTION RESULTS
FOR THE QUARTER ENDED DECEMBER 31, 2012
Eastern Platinum Limited (“Eastplats”) 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:
Quarter ended Increase (decrease)
Q4 2012 Q4 2012
Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, vs. vs.
Production statistics 2012 2012 2012 2012 2011 Q3 2012 Q4 2011
Ounces produced 14,066 21,273 26,412 24,474 19,854 (7,207) (5,788)
Run-of-mine tonnes hoisted 127,654 206,176 257,250 247,538 200,919 (78,522) (73,265)
Run-of-mine tonnes processed 123,222 203,279 252,883 235,354 194,532 (80,057) (71,310)
Development (meters) 1,365 2,066 2,922 3,117 2,929 (700) (1,564)
On-reef development (meters) 350 966 1,653 1,704 1,591 (616) (1,241)
Stoping units (square meters) 16,468 28,943 40,959 39,857 31,767 (12,475) (15,299)
Head grade (grams/tonne) 4.09 4.08 3.99 4.07 4.05 0.01 0.04
Concentrator recovery from ROM ore* 72% 76% 79% 77% 76% (4%) (4%)
Chrome dispatched (tonnes) 45,306 53,761 56,521 74,920 62,791 (8,455) (17,485)
* Concentrator recovery has been rounded to the nearest percentage point.
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
For further information contact:
Investor Relations
Website: www.eastplats.com
Email: info@eastplats.com
Tel: 1-(604)-685-6851, Fax: 1-(604)-685-6493
NOMAD:
Rob Collins
Canaccord Genuity Limited, London
Tel: +44 (0) 207 7523 8000
JSE SPONSOR:
Johan Fourie
PSG Capital (Pty) Limited
Email: johanf@psgcapital.com
Tel: +27 21 887 9602
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained
herein.
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.
Date: 29/01/2013 03:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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