TSX- and JSE-listed Eastern Platinum (Eastplats) is in the process of arranging an updated compliant independent technical report on the Crocodile River Mine (CRM), in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.
The technical report will be filed for public disclosure in due course and will be the basis for fundraising efforts to restart underground operations, the miner said on December 14. The
report is expected to be completed in early 2022.
Meanwhile, the company continues to optimise the respective small-scale platinum group metals (PGM) circuit and the PGM main plant Circuit B and ramp-up production at the company’s flagship project, the CRM, in South Africa.
The completion of the reconfiguration and optimisation of PGM Circuit D in the first quarter of this year continued to successfully use the feed, following the recovery of chrome concentrate, to produce PGM concentrate.
Refurbishment work started on the PGM Main Circuit B during April and the circuit was commissioned in October, which is expected to drive further revenue growth and gross margin improvement.