ELR Eastern Plat

 
TIDMELR 
 
Eastplats Reports Operating Results for the Quarter Ended September 30, 2009 
FOR:  EASTERN PLATINUM LIMITED 
 
TSX, AIM SYMBOL:  ELR 
JSE SYMBOL:  EPS 
 
October 7, 2009 
 
Eastplats Reports Operating Results for the Quarter Ended September 30, 2009 
 
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2009) - Mr. Ian Rozier, President and CEO of 
Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats") is pleased to report on production 
from the Crocodile River Mine ("CRM") for the quarter ended September 30, 2009 ("Q3 2009"). 
 
As a result of the termination of contract mining companies whose employees were involved in the 
illegal strike action at CRM in July, and the subsequent direct employment of mine workers and 
reinstatement of a limited number of contract employees, production in the third quarter was 29,874 
PGM ounces, a decrease of 10% compared to the quarter ended June 30, 2009 and a decrease of 3% 
compared to the third quarter of 2008. Cash costs per ounce are expected to be higher compared to the 
June quarter as a result of the decrease in production. 
 
Despite the challenge of introducing new crews to the mine this quarter, a milestone of two million 
fatality-free shifts was achieved at CRM in September. 
 
In Q3 2009, an agreement was also reached on wages, in which employees received a 10% increase, in 
line with other agreements reached in the industry. 
 
Production statistics for the current quarter and historical quarters are as follows: 
 
/T/ 
 
=------------------------------------------------------------------------- 
                                                             Increase 
                               Quarter ended                (decrease) 
            ------------------------------------------- ------------------ 
                                                          Q3 2009  Q3 2009 
Production  Sept 30, June 30,  Mar 31,  Dec 31, Sept 30,    vs       vs 
 statistics    2009     2009     2009     2008     2008   Q2 2009  Q3 2008 
=------------------------------------------------------ ------------------ 
Ounces       29,874   33,383   32,969   29,015   30,755    (3,509)    (881) 
 produced 
=------------------------------------------------------ ------------------ 
Run-of-mine 244,959  342,368  321,165  280,933  319,462   (97,409) (74,503) 
 rock tonnes 
 hoisted 
=------------------------------------------------------ ------------------ 
Run-of-mine 280,777  304,354  318,394  298,514  305,490   (23,577) (24,713) 
 rock tonnes 
 processed 
=------------------------------------------------------ ------------------ 
Development   2,882    4,326    4,573    4,604    5,599    (1,444)  (2,717) 
 (meters) 
=------------------------------------------------------ ------------------ 
On-reef       1,562    2,860    2,745    2,922    3,556    (1,298)  (1,994) 
 development 
 (meters) 
=------------------------------------------------------ ------------------ 
Stoping      36,263   51,342   45,098   46,459   39,652   (15,079)  (3,389) 
 units 
 (square 
 meters) 
=------------------------------------------------------ ------------------ 
Head grade      4.1      4.2      4.0      4.0      4.0      (0.1)     0.1 
 (grams/ 
 tonne) 
=------------------------------------------------------ ------------------ 
Concentrator    78%      80%      80%      76%      78%       -2%       0% 
 recovery 
 from ROM ore 
=------------------------------------------------------ ------------------ 
Chrome       83,930   82,760   77,554   69,937   64,744     1,170   19,186 
 produced 
 (tonnes) 
=------------------------------------------------------ ------------------ 
 
/T/ 
 
During the quarter, stoping and development output was significantly reduced. By September, production 
levels had returned to those achieved in June 2009. Going forward, development will be maintained at 
Q2 levels in order to sustain the eighteen month mining reserve that has been built up at the mine 
over the past two years. 
 
Concentrator recovery from the ROM circuit decreased to 78% during the quarter mainly as a result of 
sub-optimal operation during times of low feed from underground. This is expected to return to 80% as 
mining rates ramp back to pre-strike levels. 
 
This quarter also marked the first full quarter of production from the tailings remining section which 
extracts PGMs and chromite from previously placed tailings. 
 
"After a disruptive period in July and early August at CRM, we have recovered extremely well, the 
extensive on and off reef development carried out during the last year having positioned the mine well 
for both the short term production ramp up back to Q2 levels, and for the ongoing production build up 
at the mine," stated Ian Rozier. 
 
Third quarter financial results and conference call 
 
Eastplats is scheduled to release its full third quarter results on Thursday November 12, 2009 and 
host a telephone conference call on the same day at 11:00 a.m. Pacific (2:00 p.m. Eastern) to discuss 
these results. The conference call may be accessed by dialing 1-800-319-4610 in Canada and the United 
States, or 1-604-638-5340 internationally. 
 
The November 12, 2009 conference call will be archived for later playback until Thursday November 19, 
2009 and can be accessed by dialing 604-638-9010 or 1-800-319-6413 and using the pass code 4219 
followed by the number sign. 
 
The qualified person having reviewed the operating results presented in this press release is Mr. 
Brian Montpellier, V.P. Project Development, P. Eng. 
 
Total shares issued and outstanding: 680,562,080 
 
Certain statements included herein constitute "forward-looking statements" within the meaning of 
applicable Canadian securities legislation. These forward-looking statements are based on certain 
assumptions by Eastplats and as such are not a guarantee of future performance. Actual results could 
differ materially from those expressed or implied in such forward-looking statements due to factors 
such as general economic and market conditions, increased costs of production and a decline in metal 
prices. Eastplats is under no obligation to update or revise any forward-looking statements, whether 
as a result of new information, future events or otherwise, except as required by applicable laws. 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Eastern Platinum Limited 
Investor Relations 
1-(604)-685-6851 
1-(604)-685-6493 (FAX) 
info@eastplats.com 
www.eastplats.com 
 
OR 
 
NOMAD - Canaccord Adams Limited 
Ryan Gaffney 
+44 20 7050 6500 
Ryan.Gaffney@CanaccordAdams.com 
 
OR 
 
JSE SPONSOR - PSG Capital (Pty) Limited 
Johan Fourie 
+27 21 887 9602 
johanf@psgcapital.com 
 
No stock exchange, securities commission or other regulatory authority has approved or disapproved the 
information contained herein. 
 
 
Eastern Platinum Limited 
 

Eastern Plat (LSE:ELR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Eastern Plat (LSE:ELR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024