Commissioning of fine chrome operation commences

RNS Number : 6037K

Jubilee Metals Group PLC

17 December 2018

 

Jubilee Metals Group PLC

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

("Jubilee" or "the Company")

Jubilee Platinum PLC

("Jubilee" or the "Company")

Commissioning of fine chrome operation commences

Highlights

At PlatCro

·     PlatCro's pre-classification and dewatering circuit commences production of PGM rich material for refining at Northam's Eland Platinum plant

·     Production at PlatCro will be ramped up, targeting the production of 60 000 tonnes per month of PGM rich material, more than doubling Jubilee's current PGM processing rate

At DCM

·     Jubilee's state of the art DCM fine chrome plant commenced commissioning

·     The DCM fine chrome plant will be ramped up to 25 000 tonnes per month of additional capacity over the next 4 weeks targeting the production of 8 000 tonnes per month of fine chrome concentrate

Leon Coetzer, CEO says: "I am extremely pleased at yet another leading performance by the Jubilee team delivering the PlatCro pre-processing circuit and the DCM fine chrome plant on-time and in budget. Both projects involve leading edge processes as we continuously strive to deliver industry leading solutions to the benefit of all our stakeholders.

We have recently announced our acquisition of the PlatCro chrome beneficiation operation which we intend to integrate with our current PlatCro PGM project, forming a fully integrated operation to further streamline costs and optimise metal earnings.  The addition of the PlatCro pre-processing plant to produce PGM rich material for further refining at the Eland Platinum plant, is the first of a number of processing improvements targeted for the integrated PlatCro operation.   

I am particularly pleased with the implementation of our industry first DCM fine chrome plant.  Our ability to target the recovery of the fine chrome element of existing mine waste material opens tremendous opportunities to Jubilee for further growth in the chrome industry. We will target to roll out this solution at our existing operations at Hernic and PlatCro, as well as the wider chrome industry."

17 December 2018

Jubilee Metals Group PLC

Colin Bird/Leon Coetzer
Tel [phone] / Tel [phone]
 

Nominated Adviser

SPARK Advisory Partners Limited
Andrew Emmott/Vassil Kirtchev
Tel: [phone]

Broker

Shard Capital Partners LLP
Damon Heath/Erik Woolgar
Tel [phone]

JSE Sponsor

Sasfin Capital (a member of the Sasfin group)

Sharon Owens
Tel [phone]

 

END

 

 

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