ELR Eastern Plat

 
TIDMELR 
 
Eastern Platinum Reports Results for the Three Months Ended June 30, 2010 
FOR:  EASTERN PLATINUM LIMITED 
 
TSX, AIM SYMBOL:  ELR 
JSE SYMBOL:  EPS 
 
August 11, 2010 
 
Eastern Platinum Reports Results for the Three Months Ended June 30, 2010 
 
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2010) - Mr. Ian Rozier, President and CEO of 
Eastern Platinum Limited ("Eastplats") (TSX:ELR)(AIM:ELR)(JSE:EPS) is pleased to report financial 
results for the three and six months ended June 30, 2010. 
 
Summary of results for the quarter ended June 30, 2010 ("Q2 2010") 
 
- Eastplats recorded a net profit attributable to equity shareholders of the Company of $3,448,000 
($0.01 basic earnings per share) compared to $317,000 ($0.00 per share) in the second quarter of 2009 
("Q2 2009"). 
 
- EBITDA was $9,757,000, an increase of 49% compared to $6,529,000 in Q2 2009. 
 
- Production was 30,820 PGM ounces, a decrease of 8% compared to 33,383 PGM ounces in Q2 2009. 
 
- The U.S. average delivered basket price per PGM ounce was $1,015, an increase of 49% compared to 
$679 in Q2 2009. 
 
- The Rand average delivered basket price per PGM ounce was R7,643, an increase of 33% compared to 
R5,730 in Q2 2009. 
 
- Rand operating cash costs net of by-product credits were R4,866 per ounce, an increase of 17% 
compared to R4,169 per ounce in Q2 2009. Rand operating cash costs were R6,639 per ounce, an increase 
of 42% compared to R4,673 per ounce in Q2 2009. 
 
- U.S. dollar operating cash costs net of by-product credits were $646 per ounce, a 31% increase from 
$494 per ounce achieved in Q2 2009. Operating cash costs were $882 per ounce, an increase of 59% 
compared to the $554 per ounce in Q2 2009. 
 
- Head grade decreased to 4.1 grams per tonne in Q2 2010 from 4.2 grams per tonne in Q2 2009. 
 
- Average concentrator recovery remained consistent at 80% when compared to Q2 2009. 
 
- Development meters decreased by 26% to 3,202 meters and on-reef development decreased by 45% to 
1,573 meters compared to Q2 2009. 
 
- Stoping units remained consistent at 50,573 square meters compared to 51,342 square metres in Q2 
2009. 
 
- Run-of-mine ore hoisted decreased by 13% to 297,186 tonnes in Q2 2010 compared to 342,368 tonnes in 
Q2 2009. 
 
- Run-of-mine ore processed decreased by 5% to 290,028 tonnes in Q2 2010 compared to 304,354 tonnes in 
Q2 2009. 
 
- The Company's Lost Time Injury Frequency Rate (LTIFR) was 2.78 in Q2 2010 compared to 1.94 in Q2 
2009. 
 
- At June 30, 2010, the Company had a cash position (including cash, cash equivalents and short term 
investments) of $19,565,000 (December 31, 2009 - $21,658,000). 
 
"Production was lower than expected due to the dismissal of 15 contract stoping crews (out of a total 
of 58 crews) in May, and the resulting build-up and training of new crews. We remain fully committed 
to the safety of our operations and expect to maintain a high standard. We have replaced these crews 
and anticipate that on-reef development and production will increase once the new crews have been 
properly inducted and trained, and this should put us on track for a more profitable third quarter," 
said Ian Rozier. 
 
The qualified person having reviewed the operating disclosures presented in this press release is Mr. 
Brian Montpellier, P. Eng, V.P. Project Development. 
 
Financial Information 
 
For complete details of financial results, please refer to the unaudited condensed consolidated 
financial statements and accompanying Management's Discussion and Analysis ("MD&A") for the three and 
six months ended June 30, 2010. These financial statements and MD&A, and the comparative financial 
statements for the three and six months ended June 30, 2009 are all available on SEDAR at 
www.sedar.com and on the Company's website www.eastplats.com. 
 
Teleconference call details 
 
Eastplats will host a telephone conference call on Wednesday, August 11, 2010 at 10:00 am Pacific 
(1:00 pm 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 conference call will be archived for later playback until Wednesday, August 18, 2010 and can be 
accessed by dialing 1-604-638-9010 or 1-800-319-6413 and using the pass code 4219 followed by the 
number sign (#). 
 
Total shares issued and outstanding - 683,030,719 
 
Cautionary Statement on Forward-Looking Information 
 
This press release, which contains certain forward-looking statements, is intended to provide readers 
with a reasonable basis for assessing the financial performance of the Company. All statements, other 
than statements of historical fact, are forward-looking statements. The words "believe", "expect", 
"anticipate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", 
"will", "schedule" and similar expressions identify forward looking statements. Forward-looking 
statements are necessarily based upon a number of estimates and assumptions that, while considered 
reasonable by the Company, are inherently subject to significant business, economic and competitive 
uncertainties and contingencies. Known and unknown factors could cause actual results to differ 
materially from those projected in the forward-looking statements. Such factors include, but are not 
limited to, fluctuations in the currency markets such as Canadian dollar, South African Rand and U.S. 
dollar, fluctuations in the prices of PGM and other commodities, changes in government legislation, 
taxation, controls, regulations and political or economic developments in Canada, the United States, 
South Africa, or Barbados or other countries in which the Company carries or may carry on business in 
the future, risks associated with mining or development activities, the speculative nature of 
exploration and development, including the risk of obtaining necessary licenses and permits, and 
quantities or grades of reserves. Many of these uncertainties and contingencies can affect the 
Company's actual results and could cause actual results to differ materially from those expressed or 
implied in any forward-looking statements made by, or on behalf of, the Company. Readers are cautioned 
that forward-looking statements are not guarantees of future performance. There can be no assurance 
that such statements will prove to be accurate and actual results and future events could differ 
materially from those acknowledged in such statements. Specific reference is made to the Company's 
most recent Annual Information Form on file with Canadian provincial securities regulatory authorities 
for a discussion of some of the factors underlying forward-looking statements. 
 
The Company disclaims any intention or obligation to update or revise any forward-looking statements 
whether as a result of new information, future events or otherwise, except to the extent required by 
applicable laws. 
 
 
-30- 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Eastern Platinum Limited 
Ian Rozier 
President & C.E.O. 
+1-604-685-6851 
+1-604-685-6493 (FAX) 
info@eastplats.com 
www.eastplats.com 
 
No stock exchange, securities commission or other regulatory authority has approved or disapproved the 
information contained herein. 
 
 
Eastern Platinum Limited 
 

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