- CEO
- Wan Jin Yang
- Full Time Employees
- 9,602
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 1080 - 1188 West Georgia Vancouver BC Canada V6E 4A2
- IPO Date
- Jun 24, 2008
- Business
- Eastern Platinum Limited (TSX: ELR; OTC: ELRFF; JSE: EPS) mines, explores, and develops platinum group metal (PGM) and chrome properties in South Africa along the Bushveld Complex, the geological formation hosting approximately 80% of the world's PGM-bearing ore; its core products and services include PGM concentrates comprising platinum, palladium, rhodium, osmium, iridium, and ruthenium, as well as metallurgical chrome concentrates extracted through underground mining, tailings reprocessing, and dedicated PGM and chrome processing circuits at its flagship Crocodile River Mine (CRM) on the western limb near Brits, North West Province; the company operates three main segments—CRM, Eastern Limb projects, and Corporate—with CRM featuring re-mining of Zandfontein UG2 tailings, underground ROM ore production up to 185,000 tons annually, and offtake agreements for chrome to Union Goal and PGM deliveries to Impala Platinum Limited; Eastern Limb assets encompass the Kennedy's Vale and Spitzkop projects (100% and 97.7% interests, respectively, located 350 km northeast of Johannesburg), and the Mareesburg open-cut PGM project on a 2,129-hectare site in Limpopo Province; founded in 2003 and headquartered in Vancouver, Canada, at 1188 West Georgia Street Suite 1080, Eastern Platinum targets industrial and refining customers in the automotive, jewelry, chemical, and electronics sectors with operations focused exclusively in South Africa. In recent developments, the company commissioned its PGM processing facility at CRM in October 2024, transitioning from tailings chrome recovery to full PGM concentrate and metallurgical chrome production with ramping underground tonnages from Zandfontein; it amended its revolving commodity finance facility with Investec Bank Limited in 2025, increasing the limit to R240 million ($13.5 million) from R110 million to support working capital and CRM underground restart secured against PGM output; Q2 2025 results reflected revenue of $10.7 million amid production improvements, while year-to-date 2025 revenue stood at $39.3 million; earlier, a 2018 agreement with Union Goal Offshore Solution Limited enabled tailings retreatment and chrome offtake at Zandfontein.