Eastern Platinum Ltd. announced that it has amended and restated its condensed interim consolidated financial statements for the three and nine months ended September 30, 2022 and the corresponding management's discussion and analysis . The restatement is due to a change in Eastplats' accounting policies and determination from management of when revenue should be recognized in accordance with International Financial [...]
Eastern Platinum Ltd. is pleased to announce that the Terms For Crocodile River Tailings Concentrate between Impala Platinum Limited , a subsidiary of Impala Platinum Holdings Ltd. , and Barplats Mine Ltd, a wholly owned subsidiary of Eastplats, signed on September 29, 2020 for delivery of platinum group metals tailings concentrate to Impala has been extended. All terms and conditions as provided for in the Agreement will [...]
Eastern Platinum Ltd. is pleased to report that it has filed its condensed interim consolidated financial statements for the three and nine months ended September 30, 2022 and the corresponding management's discussion and analysis. Below is a summary of the Company's financial results for the third quarter of 2022 and for the nine months ended September 30, 2022 in comparison to the same respective period in 2021 [...]
Eastern Platinum Ltd. announces the signed pipeline finance agreement between Investec Bank Limited and Barplats Mine Ltd, a wholly owned subsidiary of Eastplats, which delivers tailings platinum group metals to Impala Platinum Limited previously announced on September 22, 2022, has been updated. The maximum size of the credit facility was reduced from R150 million to R110 million . The facility will be used for working [...]
Eastern Platinum Ltd. announces that Ms. Hannelie Hanson, Chief Operating Officer , has resigned from the Company to pursue new career opportunities. Wanjin Yang, Chief Executive Officer and President of the Company stated, "Hannelie has been a valued member of the South African management team for several years and provided significant contributions to the retreatment project, restart of Zandfontein underground [...]
Eastern Platinum Ltd. is pleased to announce it has signed a finance facility agreement with Investec Bank Limited , which will be used for working capital purposes and funding the restart of the Zandfontein underground section of its flagship Crocodile River Mine, located near Brits, South Africa. Investec is a leading South African international banking and wealth management group. Highlights of the key terms of the [...]
Eastern Platinum Ltd. is pleased to report that it has filed its condensed interim consolidated financial statements for the three and six months ended June 30, 2022 and the corresponding management's discussion and analysis. Below is a summary of the Company's financial results for the second quarter of 2022 and for the six months ended June 30, 2022 in comparison to the same respective period in 2021 : Revenue for Q2 [...]
Eastern Platinum Ltd. is pleased to announce the promotion of Hannelie Hanson to Chief Operating Officer from General Manager, South Africa Operations of the Company. Ms. Hanson has over 24 years of experience in mining as a technical specialist and a strategic leader. She heads up the operations and projects in South Africa and drives proper planning, accountability, optimization & innovation, communication, and [...]
Eastern Platinum Ltd. announces that it has granted 1,870,000 stock options to directors, officers, and employees of the Company that vest in 90 days. The options were granted for a term of five years and expire on July 6, 2027. Each option allows the holder to purchase one common share of Eastplats at an exercise price of CDN$0.23. About Eastern Platinum Limited Eastplats owns directly and indirectly a number of platinum [...]
Eastern Platinum Ltd. is pleased to announce that it has uploaded "An Independent Competent Person's Report on the Crocodile River Mine , North West Province, South Africa" dated January 1, 2022 on its website. The CRM is a platinum group metal mine located 70 km north-northwest of Johannesburg in the North West Province and 7 km south of the town of Brits and situated on the western limb of the Bushveld Igneous Complex [...]
Eastern Platinum Ltd.'s Board of Directors of the Company is pleased to announce that it has appointed Mr. Wanjin Yang as the Company's Chief Executive Officer, effective immediately. Mr. Yang is a senior exploration geologist with over 30 years' of experience in major mineral exploration projects, corporate management, and corporate development. He previously was the Project Geologist at Whitehorse Gold Corp. working on [...]
Eastern Platinum Ltd. announces the Board of Directors of the Company has accepted the respective resignations submitted by Diana Hu and Michael Cosic, effective June 22, 2022, in accordance with the Company's Majority Voting Policy . George Dorin, Chairman of the Company, stated, "On behalf of Eastplats, I would like to thank Ms. Hu and Mr. Cosic for their many insights and contributions to the Board over the last six [...]