Jubilee Platinum PLC
Registration number: 4459850
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or the "Company")
28 April 2016
Tailings Projects Further Update
The Company is pleased to announce the achievement of key milestones at its chrome processing operation at the Dilokong Chrome Mine ("ASA project"). As previously announced Jubilee has secured access to an additional 50 000 tonnes per month ("tpm") processing capability at the ASA project, thereby increasing its overall processing potential at ASA to 75 000 tpm. The additional processing capacity provides scope for importation of third party material, which should enhance overall financial results.
Highlights
· The ASA project exceeds design process throughput of chrome tailings
· The ASA project is currently processing feed at 60 tonnes per hour ("tph")_, which significantly exceeds design capacity of 44 tph
· Chrome saleable concentrate in excess of 1 000 tonnes is ready for shipment
· Shareholders will be provided with operating and financial reports, following the first quarter of production
Leon Coetzer, CEO said: "I am very pleased with the commissioning and ramp up of our ASA tailings project. The increased throughput reflects the experience and training of our project and operational team and I look forward to even more increases. I appreciate that shareholders are eager to receive news on impact on financial performance and expect to give full details after our first quarter of full production."
Contacts
Jubilee Platinum plc
Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913
Andrew Sarosi
Tel +44 (0) 1752 221937
Nominated Adviser
SPARK Advisory Partners Limited
Sean Wyndham-Quin / Mark Brady
Tel: +44 (0)203 368 3555
Broker
Beaufort Securities Limited
John Belliss
Tel +44 (0) 20 7382 8300
JSE Sponsor
Sasfin Capital, a division of Sasfin Bank Limited
Sharon Owens
Tel +27 (0) 11 809 7500
