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VANCOUVER, BC, April 24, 2025 /CNW/ - Eastern Platinum Limited (TSX: ELR)(JSE: EPS)("Eastplats" or the "Company") announces the appointment of Non-Independent Director Mr. Changyu (Charlie) Liu as Non-Executive Chair, effective from April 22, 2025. Mr. Liu succeeds George Graham Dorin, our esteemed Board Chair who passed away in March.
Mr. Liu is the Chairman of Ka An Development Co. Limited ("Ka An"), a long-term shareholder of Eastplats. Mr. Liu brings over two decades of expertise in business investment and financing enterprises in China, Hong Kong, and North America. His current investments span across mining, automobile sales, banking, and shipping industries. Ka An continues to be fully committed to ensuring the successful management and operation of the Company.
"We are excited at the prospects of Eastplats becoming a consistent supplier of these minerals and are thankful for Mr. Liu's continued guidance. Ka An continues to be a proud investor and supporter of Eastplats as we grow the PGM and chrome businesses." said Wanjin Yang, CEO of Eastplats.
Commenting on his appointment as Non-Executive Chair, Mr. Liu said "It is an honour and privilege to be Eastplats' Chair. The Company is emerging as a significant producer of important minerals in the global economy. I look forward to continue working with Wanjin and the Eastplats management team to support them as they build the company and generate rewards for all of the shareholders."
About Eastern Platinum Limited
Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore.
Operations at the Crocodile River Mine currently include mining and processing ore from the Zandfontein underground section to produce PGM and chrome concentrates, respectively.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will", "plan", "intends", "may", "could", "expects", "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on www.sedarplus.ca.