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Eastern Platinum Limited Announces Commissioning of the PGM Main Plant and Further Development Plan
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2021) - Eastern Platinum Limited ...
About this update from Eastern Platinum Limited
[{"type":"text","content":"Eastern Platinum Limited Announces Commissioning of the PGM Main Plant and Further Development PlanVancouver, British Columbia--(Newsfile Corp. - October 29, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) (\"Eastplats\" or the \"Company\") is pleased to report the successful commissioning of the PGM main plant circuit B (\"PGM Main Circuit B\") following completion of the refurbishment and upgrade work commenced since May of this year (See news release of March 24, 2021). Construction and pre-commissioning were completed in September and commercial production of PGM concentrates started from October 18 with planned dispatches to the Company's offtake partner scheduled from October 26.The Company completed the commissioning to enable processing of the full feed from chrome tails to consistently produce platinum group metal concentrates (\"PGM concentrates\"). The Company estimates an additional 600 tons of PGM concentrates per month will be added on top of the current production of 200 tons per month once production build-ups are achieved, which is projected to be around Q1 2022. Diana Hu, Chief Executive Officer and Director commented, \"The commissioning of the PGM Main Circuit B represents a significant milestone in our revenue growth plans. Our global team continues to deliver on schedule under challenging circumstances. This circuit will also expand the Company's future development potential, including the possibility to restart underground operations at the Crocodile River Mine to provide economic, social, and labour benefits to the community and benefit our stakeholders. We expect the PGM market to remain robust for the remainder of 2021 and years beyond.\" Further to the above, the Company completed a life of mine (\"LOM\") study and underground mine design for Zandfontein, the core section of the Crocodile River Mine. The study and design include the following evaluations:Mining method trade-off study with quantity and quality reports on the LOM scenarios.Design and scheduling of the required underground infrastructure, the ventilation plan, the underground support systems and logistics plan, layouts and configurations.Capital expenditure and operating expenditure, including equipment fleet required.Based on the results of the study, the Eastplats' Board of Directors support carrying out the Zandfontein Undergrou...