Eastern Platinum Limited Announces Correction to CEO Letter to Shareholders
Eastern Platinum Limited Announces
Correction to CEO Letter to Shareholders
Dated January 23, 2024
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2024) - Eastern Platinum Limited (TSX:
ELR) (JSE: EPS) ("
Eastplats
" or the "
Company
"), a developer and producer of chrome and PGMs
assets located in the Bushveld Complex in the Republic of South Africa, announced today a correction to
its news release entitled "Eastern Platinum Limited Publishes CEO Letter to Shareholders" issued on
January 23, 2024 (the "
Initial News Release
").
The Company plans to ramp-up the Zandfontein underground operations in 2024 to process up to
235,000 tons of underground run-of-mine production in total for the year, not "per month" as stated in the
Initial News Release.
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 and eastern
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 & Corporate Secretary
Phone : (604) 800-8200
Email:
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 Annual Information Form and
Management's Discussion and Analysis which are available under the Company's profile on
www.sedarplus.ca
.
In particular, this press release contains forward-looking statements pertaining to, without limitation, the Company's plans to ramp-up the Zandfontein
underground operations to process up to 235,000 tons of underground run-of-mine production that are subject to a number of assumptions, risks
and uncertainties, many of which are beyond the control 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.
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 to publicly 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/195414