Business
Eastern Platinum Limited Reports Successful PGM Production from Scavenger Circuit and Operational Update
Eastern Platinum Limited Reports Successful PGM Production from Scavenger Circuit and Oper...
About this update from Eastern Platinum Limited
[{"type":"text","content":"\n\n\n\nEastern Platinum Limited Reports Successful PGM Production from Scavenger Circuit and Operational Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 18, 2020\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/\nTrading Symbol: ELR (TSX); EPS (JSE)\n VANCOUVER, Feb. 18, 2020 /CNW/ - Eastern Platinum Limited (collectively called \"Eastplats\" or the \"Company\") is pleased to report that it has refurbished the small-scale platinum group metals (\"PGM\") Circuit D (previously the scavenger plant circuit) (\"PGM Scavenger Circuit\") and has successfully produced PGM concentrate. The Company is utilizing the feed, following the recovery of Chrome concentrate, directly from the Retreatment Project located at the Company's Crocodile River Mine in South Africa (\"CRM\").\nThe PGM Scavenger Circuit is able to process 40,000 tons of feed per month and the construction costs were less than US$150,000, as the Company utilized significant existing infrastructure that was maintained on care and maintenance at CRM. \nDiana Hu, President and CEO of the Company said: \"The team is very pleased with this successful start. This is the first step in the Company's full-scale assessment of the PGM recoverability of the tailings resource and provides further revenue opportunities for Eastplats. The Company will continue to move forward with its assessment of the larger PGM recoverability opportunities in relation to the tailings resource.\"\nOperational Update of the Retreatment Project\nAs previously disclosed, on March 1, 2018, the Company entered into an agreement (the \"Framework Agreement\") with Union Goal Offshore Solution Limited (\"Union Goal\") relating to the construction, re-mining and processing of the tailing resource and offtake of Chrome concentrate from Barplats Mines (Pty) Limited tailings facility (the \"Retreatment Project\") located at CRM.\nDuring 2019, Eastplats has produced 598,034 tons of Chrome concentrate from the Retreatment Project, with an average grade of Cr2O3 at 38.6%. The pro...