ELR Eastern Plat

 
TIDMELR 
 
Update on Eastplats Projects 
FOR:  EASTERN PLATINUM LIMITED 
 
TSX, AIM SYMBOL:  ELR 
JSE SYMBOL:  EPS 
 
December 19, 2011 
 
Update on Eastplats Projects 
 
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2011) - Eastern Platinum Limited 
(TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats" or the "Company") reports on mining and development progress on its 
various Platinum Group Metals ("PGM") projects in South Africa. 
 
Western Limb 
 
Crocodile River Mine ("CRM") - Zandfontein Section 
 
Mine development projects are on track with the new infrastructure for underground ore and waste handling 
systems on 3 and 4 Level having been successfully installed, and the ongoing development of the conveyor 
decline required to develop the mine to 9 Level on schedule. 
 
CRM - Maroelabult Section 
 
Decline development and conveyor installations at the Maroelabult section are proceeding as planned, and the 
mine life of this section of CRM has been extended by two years to 2016. 
 
CRM - Crocette Section 
 
Underground development has intersected the UG2 reef and a bulk sample is being mined. However, with the 
current demand risk and ongoing forecasted margin deterioration, the Company has elected to put the development 
of the Crocette mine on hold until there is a significant increase in the ZAR basket price that would mitigate 
the effects of existing cost inflation. All development activities at Crocette will cease in Q1 2012. 
 
Production in 2012 from CRM is estimated at approximately 125,000 PGM ounces. 
 
Eastern Limb 
 
Earthworks have been completed and pouring of foundations for plant construction has commenced on the Kennedy's 
Vale mill complex near Steelport. The project is tracking on schedule and budget. The Kennedy's Vale mill is 
scheduled to be commissioned with ore from the Mareesburg open pit mine in Q4 2012, with full production to 
commence in Q1 2013. At full production, the Mareesburg mine is expected to produce approximately 100,000 PGM 
ounces per annum. 
 
"We anticipate a 100% increase in annual production over 2011 production by the end of 2013. The revised 
development schedule for our projects takes into account the current and forecast market that we operate in to 
mitigate the financial risks that prevail in the sector. We have a rational, low risk and low cost approach to 
group expansion," stated Ian Rozier, President and CEO of Eastplats. 
 
The qualified person having reviewed the operating results presented in this press release is Mr. Brian 
Montpellier, P. Eng, V.P. Project Development. 
 
Total shares issued and outstanding: 908,187,807 
 
Cautionary Statement on Forward-Looking Information 
 
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 therefore, readers are cautioned that forward-looking statements are not a guarantee of future performance. 
There can be no assurance that such statements will prove to be accurate and 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, changes in government legislation, controls, regulations and political 
developments. 
 
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 
Investor Relations 
+1-(604)-685-6851 
+1-(604)-685-6493 (FAX) 
info@eastplats.com 
www.eastplats.com 
 
OR 
 
NOMAD: 
Rob Collins/Bhavesh Patel 
Canaccord Genuity Limited, London 
+44 20 7050 6500 
 
OR 
 
JSE SPONSOR: 
Johan Fourie 
PSG Capital (Pty) Limited 
+27 21 887 9602 
johanf@psgcapital.com 
 
No stock exchange, securities commission or other regulatory authority has approved or disapproved the 
information contained herein. 
 
INDUSTRY:  Manufacturing and Production-Mining and Metals 
SUBJECT:   MEX 
 
 
 
 
Eastern Platinum Limited 
 

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