Eastplats Reports Updates on Platinum Group Metals Projects

Eastern Platinum Limited (TSX:ELR,AIM:ELR,JSE:EPS) reported on mining and development at its platinum group metals projects in South Africa.

Eastplats’ President and CEO, Ian Rozier said:

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.

Click here to read the Eastern Platinum Limited (TSX:ELR) press release.