Eastern Platinum Ltd. is pleased to report that it has filed its condensed interim consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2021 . Below is a summary of the Company's financial results for Q1 2021 in comparison to the same period in 2020 : Revenue for Q1 2021 increased to $16.7 million ; Mining operating income was $1.4 million for Q1 2021 ; Positive [...]
Eastern Platinum Ltd. is pleased to report the Company has dispatched 199.8 dry tons of platinum group metal concentrates containing 490.9 oz of PGMs under the offtake agreement with Impala Platinum Limited, within the production month of April 2021. This marks the first full month of PGM production following the recent completion of the reconfiguration and optimization of the small-scale PGM circuit . The Company [...]
Eastern Platinum Ltd. is pleased to announce the appointment of Wylie Hui as the new Chief Financial Officer and Corporate Secretary of the Company. Mr. Hui is a CPA, CA and brings over 25 years of finance and operational experience to his role with Eastplats, particularly his experience in mining. He has previously served as the CFO of several publicly listed mining companies, provided consulting and CFO services to [...]
Eastern Platinum Ltd. is pleased to report that it has filed its Audited Consolidated Financial Statements for the years ending December 31, 2020 and 2019 and the corresponding Management's Discussion and Analysis and Annual Information Form. Below is a summary of the Company's financial results for the year ended December 31, 2020 : 43% growth in revenue for the year ended December 31, 2020 of $56.1 million compared to [...]
Eastern Platinum Ltd. is pleased to report the completion of all the reconfiguring and optimization of the small-scale PGM circuit including the additional work required as part of the restart for the main PGM plant circuit . The commissioning was completed last week and production has resumed with the first dispatch of PGM concentrate occurring on March 23, 2021. The Company completed the upgrades to obtain higher [...]
Eastern Platinum Ltd. is pleased to announce the Board of Directors of the Company approved and the Company executed updated Retreatment Project Agreements. The Company, its subsidiary Barplats Mines Limited and Union Goal Offshore Solution Limited signed the original agreements in 2018 . Operations at the Crocodile River Mine include re-mining and processing its tailings resource, with an offtake of the chrome [...]
Eastern Platinum Ltd. is pleased to provide the Retreatment Project operations technical summary for 2019 and 2020. The Retreatment Project is operated by the Company's subsidiary, Barplats Mines Ltd. at its Crocodile River Mine property in South Africa. The Retreatment Project is a proprietary operation in South Africa producing chrome concentrates. It includes a combined hydro and mechanical re-mining method, magnetic [...]
Eastern Platinum Ltd. is pleased to confirm the Board of Directors of the Company approved the revised 2021 capital budget following the closing of the rights offering . The Company's subsidiary, Barplats Mines Ltd. has now reserved an additional ZAR73 million in capital funding for platinum group metals expansions, resource and environmental assessments, legal compliance and site investment to expand the Company's [...]
Eastern Platinum Ltd. is pleased to provide an update on the platinum group metals initiatives following the closing of the rights offering . The Company reports that its subsidiary, Barplats Mines Ltd. has committed ZAR9 million to the reconfiguring and optimization of the small-scale PGM circuit which also includes funding for some of the initial work required to restart the main PGM plant circuit . Barplats has [...]
Eastern Platinum Ltd. today announced the completion of the previously announced rights offering to its shareholders , subject to final approval of the Toronto Stock Exchange and Johannesburg Stock Exchange . Eastplats issued 36,841,741 common shares of the Company at a price of CDN$0.32 per Common Share for rights exercised on the TSX and R3.77136 per Common Share for rights exercised on the JSE. The Company is very [...]
Eastern Platinum Ltd. is pleased to report that its subsidiary, Barplats Mines Ltd. , has confirmed the provisional payment terms of the first delivered shipment of pressed filter cake platinum group metals concentrate under the existing offtake agreement between Barplats and Impala Refining Services Limited, now Impala Platinum Limited . These terms confirm the restart of PGM revenue by the Company. RIGHTS OFFERING The [...]
Eastern Platinum Ltd. is pleased to report that during December 2020 its subsidiary, Barplats Mines Ltd. , delivered its first shipment of pressed filter cake platinum group metals concentrate under the existing offtake agreement between Barplats and Impala Refining Services Limited, now Impala Platinum Limited . During 2020, the Company completed the refurbishment of the small-scale PGM circuit . The Company only [...]
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