Welcome To The Eastern Platinum HUB On AGORACOM
South Africa's 6th largest PGM producer.
Corporate Profile
Canadian-based Eastplats was formed in 2003 with the objective of becoming a major producer of platinum group metals.
In less than four years the Company has met its objectives by acquiring a portfolio of high-grade platinum and rhodium-rich deposits in South Africa's Bushveld Complex with resources containing over 85 million ounces of platinum group metals. The Bushveld Complex is internationally recognized as containing the world's largest resource of platinum group metals and is geologically unique as it is the world's only source of primary platinum production.
In 2006, Eastplats became Canada's largest platinum group metals producer when it acquired a 69% indirect interest in Barplats Investments Limited. This acquisition was accompanied by a successful Cdn $150 million capital raising campaign, much of which has been invested in the Crocodile River Mine operations.
Eastplats is now an established and growing platinum group metals mining company with assets on both the western and eastern limb of the Bushveld Complex. Based in Vancouver, and listed on the Toronto Stock Exchange (TSX:ELR), the Alternative Investment Market (AIM:ELR) and the Johannesburg Stock Exchange (JSE:EPS), the company's four primary assets are:
- The Crocodile River Mine on the western limb of the Bushveld and;
- The Kennedy's Vale project located on the eastern limb of the Bushveld.
- The Spitzkop project adjacent to Kennedy's Vale
- The Mareesburg project, close to Spitzkop and Kennedy's Vale
In May 2007 Eastplats acquired an additional 5% of Barplats. Simultaneous with a listing on the JSE in May 2007, Eastplats completed a $200 million capital raising and announced plans to refurbish the existing Crocodile River Mine smelter. Also in May 2007, Eastplats announced plans to commence a trial mine at Spitzkop.