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Eastern Platinum|Ka An Development|South Africa|Crocodile River Mine|Platinum|North West
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eastern-platinum|ka-an-development|south-africa|crocodile-river-mine|platinum|north-west

Eastplats secures up to C$2m credit facility to support CRM underground ramp-up

Shaft headgear at CRM

Photo by Creamer Media's Donna Slater

4th August 2026

By: Creamer Media Reporter

     

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TSX- and JSE-listed Eastern Platinum (Eastplats) has secured a new credit facility of up to C$2-million with investment holding company Ka An Development Co and intends to use the proceeds for working capital to support the ramp-up of underground production at its Crocodile River mine (CRM) platinum group metals (PGM) operation, in South Africa's North West province.

Eastplats intends to ramp up run-of-mine ore at CRM's Zandfontein underground section to 70 000 t a month by the end of this year.

Ka An previously extended two other credit facilities to Eastplats. The three credit facilities are valued at about C$4-million.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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