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Eastplats Reports Production Results for the Quarter Ended December 31, 2012
Published : January 29, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2013) - Eastern Platinum Limited ("Eastplats") (News - Market indicators)(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:

    Quarter ended   Increase (decrease)


Production statistics

Dec 31,
2012

Sep 30,
2012

Jun 30,
2012

Mar 31,
2012

Dec 31,
2011
Q4 2012
vs.
Q3 2012
Q4 2012
vs.
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

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.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Eastern Platinum Limited
Investor Relations
1-(604)-685-6851
1-(604)-685-6493 (FAX)
info@eastplats.com
www.eastplats.com
or
NOMAD: Cannaccord Genuity Limited, London
Rob Collins
+44 (0) 207 7523 8000
or
JSE SPONSOR: PSG-Capital (Pty) Limited
Johan Fourie
+27 21 887 9602
johanf@psgcapital.com
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Eastern Platinum Limited

PRODUCER
CODE : ELR.TO
ISIN : CA2768551038
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In the News and Medias of Eastern Platinum Limited
8/27/2012Mine unrest spreads to Eastern Platinum
3/6/2012Eastern Platinum posts Q4 loss on impairment charge
8/11/2010Eastern Platinum Q2 production declines, shares fall
7/12/2009terminates contract mining after underground sit-in
Annual reports of Eastern Platinum Limited
2007 Annual report
Financings of Eastern Platinum Limited
2/1/2011Final Credit Approval Received For US$100 Million Debt Finan...
11/23/2010Announces Terms Of Offering
Option Grants of Eastern Platinum Limited
6/3/2011Best Practice Revisions to the Stock Option Plan and Shareho...
1/22/2010Grant of Options to Directors
Nominations of Eastern Platinum Limited
6/13/2013Announces Election of Directors
Financials of Eastern Platinum Limited
3/29/2011Reports Results For The Year Ended December 31, 2010
Project news of Eastern Platinum Limited
6/24/2013(Crocodile River)Crocodile River Mine to Be Placed on Care and Maintenance; S...
4/19/2013(Crocodile River)Eastplats Suspends Funding for the Crocodile River Mine Deve...
1/29/2013Eastplats Reports Production Results for the Quarter Ended D...
10/18/2012Eastplats Reports Production Results For the Quarter Ended S...
7/19/2012Eastplats Reports Production Results for the Quarter Ended J...
6/12/2012(Crocodile River)Eastplats Reports Proposed Development Plan for Crocodile Ri...
5/30/2012(Mareesburg)Eastplats Suspends Funding for the Mareesburg/KV Project
4/19/2012Eastplats Reports Production Results for the Quarter Ended M...
1/24/2012Eastplats Reports Production Results For the Quarter Ended D...
11/8/2011(Crocodile River)Operations at Crocodile River Mine Suspended After Fatal Acc...
10/18/2011Eastplats Reports Production Results for the Quarter Ended S...
7/19/2011Eastplats Reports Production Results for the Quarter Ended J...
5/24/2011(Crocodile River)Operations Resume At Crocodile River Mine – Two Year Wage Ag...
5/12/2011(Crocodile River)On The Reported Industrial Action At Crocodile River Mine Op...
4/16/2011Eastplats Reports Production Results For The Quarter Ended M...
10/16/2008(Crocodile River)Eastplats Reports ongoing Production Growth for the Quarter ...
Corporate news of Eastern Platinum Limited
8/14/2013Reports Results for the Three Months Ended June 30, 2013
5/15/2013Reports Results for the Three Months Ended March 31, 2013 an...
3/14/2013Reports Results for the Quarter and Year Ended December 31, ...
2/19/2013Restricted Operations at Zandfontein Section
2/13/2013Operations Resume at Zandfontein
11/14/2012Reports Results for the Three Months Ended September 30, 201...
8/29/2012No Work Stoppages at CRM Operations
8/14/2012Reports Results for the Three Months Ended June 30, 2012
7/6/2012Clarification of Disclosure on Company Website
5/14/2012Reports Results for the Three Months Ended March 31, 2012
3/6/2012Reports Results for the Quarter and Year Ended December 31, ...
1/3/2012US$100 Million Debt Facility Agreement Completed
12/19/2011on Eastplats Projects
11/14/2011Reports Results for the Three Months Ended September 30, 201...
10/25/2011Managing Director of Barplats Resigns
8/15/2011Reports Results For the Three Months Ended June 30, 2011
6/30/2011Eastplats Aware of Notice of Application
6/7/2011Annual General Meeting Proxy Deadline Extended
5/21/2011Adopts New Shareholder Rights Plan
5/12/2011Reports Results For The Three Months Ended March 31, 2011
3/31/2010Results for the Year Ended December 31, 2009
1/20/2010Holdings in Company
3/6/2009http://www.eastplats.com/media/news/index.php?&content_id=16...
8/14/2008Reports Record Earnings for the Quarter Ended June 30, 2008
3/22/2007ANNOUNCES TERMS OF OFFERING
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TORONTO (ELR.TO)LSE (ELR.L)
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