Eastern Platinum has reported it has dispatched 199.8 dry tons of platinum group metal (PGM) concentrates containing 490.9 oz of PGMs under the offtake agreement with Impala Platinum, within the production month of April 2021.
This marks the first full month of PGM production following the recent completion of the reconfiguration and optimization of the small-scale PGM circuit (previously the scavenger plant circuit) (Circuit D).
The Company completed the process upgrades to ensure a consistent production of a minimum of 200 tons of PGM concentrates per month from Circuit D. All concentrates produced reached the satisfactory quality requirements under the offtake agreement.
Diana Hu, President and CEO of Eastplats states:
“Circuit D’s first full month of production is an important breakthrough for the Company. It not only created a new revenue stream in addition to the Company’s chrome production, but will also assist and accelerate the recommissioning of the PGM Main Circuit, which is expected to add a further 600-800 tons of PGM concentrates per month from September, a significant boost to the Company’s operation and revenue growth”.
The Company has also commissioned a life of mine design and schedule on the Zandfontein vertical shaft as the first step in evaluating and planning the restart of underground mining at Crocodile River Mine. The work is expected to be completed in the third quarter of 2021.