Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors
EPIC: JLP
Market: AIM
52-week High/Low: 3.95p / 1.03p
Sector: General Mining - Platinum Group Metals
Market Cap: 30.13M
Phone: +44 (0)20 7584 2155
Address: 4th Floor, 2 Cromwell Place, London SW7 2JE.
Website: www.jubileeplatinum.com
Jubilee Platinum

Jubilee Platinum

Jubilee Platinum plc is a mining exploration to metal development company with a focus on platinum group elements (PGE) and nickel. Through recent acquisitions, the Company has added PGE and ferro-alloy smelting and refining to its capability.

Deal JLP Tax Free* Losses can exceed
your initial deposit
*subject to change and depends on individual circumstances.

Jubilee Platinum

www.jubileeplatinum.com

Interactive graph

col 3
col 4
col 5
col 6

Big picture - Why invest in Jubilee Platinum


Dual-listed Jubilee Platinum is a South African Platinum production specialist, building supply chain capacity from ‘Mine-to-Metal’. With a 63% share of an estimated 70 million ounce Platinum Group Element resource on the eastern limb of the Bushveld Complex...

Jubilee Platinum Snapshot

Jubilee Platinum’s near-term exploration strategy is to bring Tjate to feasibility study stage. The Company has also established Braemore Platinum Resources (Pty Ltd) (a subsidiary of Jubilee) to explore for near-surface PGE and chrome prospects in the western Bushveld Igneous Complex. Jubilee is also advancing early stage exploratory drilling at the Ambodilafa PGE-nickel prospect in south-eastern Madagascar.

 

 

Jubilee’s corporate mission is to become an integrated mine-to-metals company with a focus on platinum and related metals. This mission is based on modern and thoroughly-proven smelting technology to process both the Company’s own and others’ difficult-to-treat PGE concentrates and, complementarily, to improve mining environments by reprocessing tailings dumped by other miners.

Tjate

 

Jubilee’s 63%-owned Tjate project on the eastern limb of the Bushveld Complex is independently judged to contain the world’s largest undeveloped defined block of platinum ore. The property covers 5,140 hectares on three farms and the area has been independently judged to contain a potential net 65 million ounces of platinum group elements (PGEs) and gold. This represents the resource targeted by future exploratory drilling.

For more information please click here

 

 

ConRoast

 

Jubilee’s unique access to the ConRoast process enables Jubilee to unlock the inherent PGE (platinum group element) values in the traditional chrome ores via the extraction of PGEs and chrome from near- or at-surface platinum containing chrome reefs. These ores were traditionally only mined for its in-situ chrome with the PGEs either lost as part of the run-of-mine ore sale or trapped within the tailings from the chrome beneficiation process and deposited on surface. The ability of the ConRoast process to recover the PGEs from this chrome dominant ore structure affords Jubilee an unique opportunity to unlock the inherent PGE values. Jubilee’s medium-term plans envisage constructing PGE concentrator plants capable of producing up to 15 000oz of PGEs in concentrate annually and targeting growth to reach an annual production of 50 000oz of PGEs in concentrate within five years through access to near or at-surface platinum containing chromite reefs. The company has applied to the DMR for PGE mining rights to its Elandsdrift and Bokfontein chrome bearing farms near Brits in the western limb of the Bushveld Igneous Complex (BIC). The Company also, has applied for the PGE and chrome prospecting rights to 69 other farms in the area.

For more information please click here

 

 

Middelburg Smelting Facility

 

Jubilee’s acquisition of the Middelburg smelter complex (“Acquisition”) in September 2010 (100% owned by Jubilee’s subsidiary Jubilee Smelting and Refining Pty Ltd (“JSR”)) has opened the doors to significant advances in Jubilee’s mine-to-metals strategy. The complex is located near the town of Middelburg, one of the country’s principal metallurgical centres in South Africa’s Mpumalanga province.

For more information please click here

 

 

PGM containing chrome reefs

 

Jubilee’s unique access to the ConRoast process enables Jubilee to unlock the inherent PGE (platinum group element) values in the traditional chrome ores via the extraction of PGEs and chrome from near- or at-surface platinum containing chrome reefs. These ores were traditionally only mined for its in-situ chrome with the PGEs either lost as part of the run-of-mine ore sale or trapped within the tailings from the chrome beneficiation process and deposited on surface. The ability of the ConRoast process to recover the PGEs from this chrome dominant ore structure affords Jubilee an unique opportunity to unlock the inherent PGE values. Jubilee’s medium-term plans envisage constructing PGE concentrator plants capable of producing up to 15 000oz of PGEs in concentrate annually and targeting growth to reach an annual production of 50 000oz of PGEs in concentrate within five years through access to near or at-surface platinum containing chromite reefs. The company has applied to the DMR for PGE mining rights to its Elandsdrift and Bokfontein chrome bearing farms near Brits in the western limb of the Bushveld Igneous Complex (BIC). The Company also, has applied for the PGE and chrome prospecting rights to 69 other farms in the area.

For more information please click here

 

 

Australian Nickel

 

The Australian strategy is founded on the reclamation and processing of large tonnages of nickel sulphide tailings at the Leinster nickel tailings property in Western Australia. The Company has the right to access the tailings through a tailing supply agreement (TSA) with the owners, BHP Billiton. The Company has the potential to access other similar tailings depending inter alia on the viability, independently assessed, of the Leinster tailings for development.

For more information please click here

 

 

Madagascar

 

The Company’s Ambodilafa project in Madagascar forms part of the Vohipaha ultramafic/mafic complex and is an arcuate layered mafic-ultramafic intrusion. The prospect area covers some 98km2 and is located 160km south east of the capital. Access is by way of a 90km road from the eastern coastal port of Nosy Varik.

For more information please click here

 

 

 

PROSPECTS

 

South Africa

 

Maude Mining & Exploration

 

Maude Mining & Exploration, Jubilee’s 91% owned South African subsidiary, has had its application for new order Mining Rights accepted by the Department of Mineral Resources on various portions of the farms Bokfontein JQ448 and Elandsdrift JQ467 and the chrome rights to one portion on Elandsdrift in the western Bushveld Complex. These two properties are located to the west of the town of Brits and cover in total some 600 hectares.

 

Earlier exploratory shallow drilling identified the UG1 low-PGE bearing chromitite reef on Bokfontein but did not find a similar shallow chromitite layer at its first line of drilling along dip on Elandsfontein.

 

Following a recent review of the strategic value of the properties, Jubilee has entered into informal discussions with other entities in the area that hold the chrome mining rights on these properties with a view to exploiting the PGEs present in both the chromite ore and the waste arising from their mining and processing of the chromite.

 

Braemore Platinum Resources

 

Braemore Platinum Resources (Pty Ltd) (BRR) (a subsidiary of Jubilee) has applied for the prospecting rights to both PGE and chrome containing reefs on 69 farms in the western Bushveld Igneous Complex. The majority of the farms are located near the town of Brits located in the western BIC. BRR is a Black Empowered entity (BEE) with the BEE entity, Sub Sahara Resources (Pty) Ltd, holding 51% and Jubilee 49% interest in the company.

Colin Bird - Non-executive Chairman

Colin is a Fellow of the Institute of Materials, Minerals and Mining and a UK Chartered Engineer. He has extensive coal mining experience in Zambia, South Africa, the UK, Venezuela and Spain, in addition to his involvement in the management of nickel, copper, gold and other diverse mineral operations. On 1 August 2010 Colin relinquished his position as Chief Executive Officer of Jubilee and was appointed Non-executive Chairman of the Company.

 

Dr Mathews Phosa - Non-executive Deputy Chairman

Dr Phosa, an attorney by profession, was one of the first four members of the African National Congress (ANC) to return to South Africa in 1990 from exile to progress negotiations on the change to majority rule with the then ruling National Party. Dr Phosa is a former Premier of Mpumalanga, and currently serves on the national Executive Committee of the ANC, is Treasurer General of the ANC and holds chairman, vice-chairman and board member positions for over 10 prominent companies and organisations. Dr Phosa plays a vital role in realising companies’ business strategies, particularly with regards to the integration of previously-disadvantaged persons into the economic framework of South African businesses.

 

Leon Coetzer - Chief Executive Officer

Leon is a qualified chemical engineer. He joined Jubilee in August 2009 as Managing Director Refining and Smelting from Braemore Resources, where he was CEO. He has previously worked for 20-years with mining companies in the Anglo American group, including 16 years with Anglo Platinum. His last position at Anglo Platinum was as Head of Process Control and Instrumentation, and he was a member of the Executive Process Committee, the Research and Development Council, and advisor to the asset optimisation initiative at Anglo Platinum. He is a member of the South African Institute of Mining and Metallurgy and of the South African Institute of Directors. In 2010 Leon relinquished his former position at Jubilee and was appointed Chief Executive Officer.

 

Andrew Sarosi - Executive Director

Andrew is a mineral processing engineer and consultant with 35 years’ experience in developing, managing, commissioning and troubleshooting in gold and silver ore, tungsten, tin, copper and zinc ore processing plants in Saudi Arabia, Ethiopia, South Africa and the United Kingdom. He is currently a consultant to the mineral resources industry and an advisor to Lion Mining Finance Limited. Andrew has previously been employed by Gold Fields, Amax Hemerdon, and Mackay and Schnellmann. Andrew joined Jubilee in 2002 and became an Executive Director in 2010.

 

Christopher Molefe - Non-executive Director

Christopher is the former Chief Executive Officer of Royal Bafokeng Resources and is currently the Non- executive Chairman of Merafe Resources and a Non-executive Director of Capital Oil, both in South Africa. He has held several positions in corporate banking and industry for the past 20 years, including Manager of Corporate Affairs at Mobil Oil Southern Africa. Christopher joined the Jubilee Board September 2004.

 

Information taken from Company website 17.02.2015

Johannesburg

7 Einstein Street,

Highveld Techno Park

Centurion

0157

Tel: +27 11 465 1913

Fax: +27 11 465 1895

info@jubileeplatinum.com

 

London

Fourth floor

2 Cromwell Place

London

SW7 2JE

Tel:  +44 (0) 20 7584 2155

Fax: +44 (0) 20 7589 7806

info@jubileeplatinum.com

 

Registrar

Capita Registrars

The Registry

34 Beckenham Road

Beckenham

Kent BR3 4TU

Telephone:

UK:  0871 664 0300 (calls cost 10 pence per minute plus network extras) 

Lines are open Monday - Friday, 8:30am - 5.30pm 

International:  +44 (0) 20 8639 3399

E-mail: ssd@capitaregistrars.com

Website: www.capitaregistrars.com

 

Financial Public Relations

Shard Capital Partners LLP

1 Tudor Street

London

EC4Y 0AH

Tel: +44 (0)203 463 4990

Fax: +44 (0)203 463 4991

info@shardcapital.com

 

JSE Sponsor

Sasfin

29 Scott Street

Waverley

Johannesburg

2090

Tel: (+27) 11 809 7762

Fax: (+27) (86) 554 9995

Timeline

Columns

VIEW ALL

Market Reports

VIEW ALL

Videos

VIEW ALL VIDEOS

© Proactive Investors 2015