Eastern Platinum Announces Initial Phase of Zandfontein Underground is Fully Operational
1080 - 1188 West Georgia St.
Vancouver, BC Canada V6E 4A2
NEWS RELEASE
EASTERN PLATINUM ANNOUNCES INITIAL PHASE OF ZANDFONTEIN UNDERGROUND IS FULLY
OPERATIONAL
VANCOUVER, British Columbia, March 6, 2024 - Eastern Platinum Limited (TSX: ELR)(JSE: EPS)
(“Eastplats” or the “Company”) is pleased to announce that the initial phase (“soft start”) of the
Zandfontein underground operations at the Company’s flagship Crocodile River Mine (“CRM”) is now fully
operational. CRM is located within the Bushveld Complex, host to approximately 80% of the world’s PGM-
bearing ore, in northeastern South Africa.
"It is my pleasure to announce that the soft restart of the Zandfontein underground operations is complete
and is fully operational,” commented Wanjin Yang, CEO of Eastern Platinum. “We can now begin to ramp
up underground mining efforts and bring run-of-mine (“ROM”) material to the surface, where we will begin
the first batch of ROM processing in Q2 2024. I would like to thank all employees for achieving this
milestone and our shareholders for their continued support.”
The Company plans to achieve a mining run rate of 40,000 tons per month by the end of 2024, with the
aim of processing up to 235,000 tons of ore from underground production this year.
About Eastern Platinum Limited
Eastplats owns directly and indirectly a number of platinum group metal (“PGM”) and chrome assets in
the Republic of South Africa. All of the Company’s properties are situated on the western limb (Crocodile
River Mine) and eastern limb (Kennedy’s Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the
geological environment that hosts approximately 80% of the world’s PGM-bearing ore.
Operations at the Crocodile River Mine currently include re-mining and processing its tailings resource to
produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam.
For further information, please contact:
EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer and Corporate Secretary
T: (604) 568-8200
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively
referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation.
Such forward-looking statements include, without limitation, forecasts, estimates, expectations and
objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many
of which are beyond the control of the Company. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by the words “will”, “plan”, “intends”, “may”,
“will”, “could”, “expects”, “anticipates” and similar expressions. Further disclosure of the risks and
uncertainties facing the Company and other forward-looking statements are discussed in the Company’s
most recent Annual Information Form available under the Company’s profile on www.sedarplus.ca.
In particular, this press release contains forward-looking statements pertaining to: the timing and actions
of the Company. These forward-looking statements are based on assumptions made by and information
currently available to the Company. Although management considers these assumptions to be reasonable
based on information currently available to it, they may prove to be incorrect. By their very nature,
forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place
undue reliance on these statements as a number of factors could cause actual results to differ materially
from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-
looking statements. These factors include, but are not limited to, commodity prices, economic conditions,
currency fluctuations, competition and regulations, legal proceedings and risks related to operations in
foreign countries.
All forward-looking statements in this press release are expressly qualified in their entirety by this
cautionary statement, the “Cautionary Statement on Forward-Looking Information” section contained in
the Company’s most recent Management’s Discussion and Analysis available under the Company’s profile
on www.sedarplus.ca. The forward-looking statements in this press release are made as of the date they
are given and, except as required by applicable securities laws, the Company disclaims any intention or
obligation, and does not undertake, to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
No stock exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein.