Eastern Platinum Receives Rights for Mareesburg Project

8 November 2010 (Last Updated November 8th, 2010 18:30)

Lion's Head Platinum, a subsidiary of Canada-based Eastern Platinum, has received the New Order Mining Right for the Mareesburg project in South Africa from the country's Department of Mineral Resources. The order includes base metals, group metals and chrome in the UG2 reef horizon.

Lion's Head Platinum, a subsidiary of Canada-based Eastern Platinum, has received the New Order Mining Right for the Mareesburg project in South Africa from the country's Department of Mineral Resources.

The order includes base metals, group metals and chrome in the UG2 reef horizon.

The proposed development at the Mareesburg open-pit mine would increase the company's annual production to about 325,000oz in 2013.

Eastern Platinum has also concluded power delivery and water supply arrangements to develop mining projects on the eastern section of the Bushveld complex in South Africa.