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EPIC: JLP
Market: AIM
52-week High/Low: 7.50p / 2.66p
Sector: General Mining - Platinum Group Metals
Market Cap: 55.92M
Phone: +44 (0)20 7584 2155
Address: 4th Floor, 2 Cromwell Place, London SW7 2JE.
Website: www.jubileeplatinum.com
Jubilee Platinum PLC

Jubilee Platinum PLC

Jubilee Platinum plc is a platinum focused mining and exploration company with world-class platinum assets. The Company’s exclusive rights to a unique process for the smelting of high chrome-bearing platinum concentrates gives the Company a strategic competitive edge over its peers. Jubilee’s shares are traded on the AIM Market of the London Stock Exchange and the JSE Limited

Jubilee Platinum PLC

www.jubileeplatinum.com

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Big picture - Why invest in Jubilee Platinum PLC


Jubilee Platinum PLC Snapshot

Strategy
 
Exploration

Jubilee Platinum’s short term strategy is to secure a Mining Right for the Tjate Platinum Project and in the medium to long term to secure strategic partners to develop and or outright sale of the project.

The Company has established Braemore Platinum Resources (Pty Ltd) (a subsidiary of Jubilee) to explore for near-surface PGE and chrome prospects in the Bushveld to add to the current development of its DCM and Hernic Tailings projects.

 

Mining

Jubilee Platinum’s near-term mining strategy is to exploit and develop potential near-surface PGE-bearing chromite-rich reefs in the Bushveld, to seek further JV opportunities for exploiting other PGE chromite-rich reefs and tailing dumps with or without associated base metals in Southern Africa, including Zimbabwe and Botswana, to evaluate the mining and processing of Leinster nickel sulphide tailings in Australia and, in the longer term, to develop the Tjate Platinum Project.

 

Processing

In South Africa, processing operations are being developed based on the exclusive use of the ConRoast technology, to reclaim previously uneconomic PGEs from chromite mine tailings, from new chromite operations and their tailings on the platinum-rich Bushveld Igneous Complex (BIC). ConRoast also has an environmental advantage over conventional smelting.

 

Smelting

Jubilee has completed a design and engineering study for when its first ConRoast 5MW DC arc smelting furnace is realised and feed for it become available from future platinum producing projects including Tjate.

Refining

As part of Jubilee’s drive for total capability, the Company undertook a feasibility study including metallurgical testing, on the application of Chemical Vapour Metal Refining (CVMR) Inc.’s proprietary carbonyl CVMR® Metals technology for PGE- rich iron alloy from ConRoast. As consideration, and to secure the rights to CVMR technology, the Company issued 1.22 million Jubilee ordinary shares in December 2010 to CVMR. CVMR is a privately owned Canadian mining and processing company.

CVMR® technology has been developed over a number of years and has proved its effectiveness in recovery, separation and refining of metals from ores, concentrates, mattes, slurries, and wastes and producing a range of refined base metals. In the case of ConRoast, a high-grade platinum group metals (PGEs) product is produced as a residue after the recovery, separation and refining of nickel, cobalt and iron in ConRoast PGE-rich iron alloy. The process is environmentally neutral and has been approved by environmental monitoring authorities in Canada, the USA, China and Germany. The Canadian and USA authorities have also recognized it as the most environmentally friendly of refining processes.

The trials showed that carbonyl refining provides an efficient and cost-effective technology for recovering PGEs and base metals from the PGE-rich iron alloy produced by the ConRoast process.

 

 

 

      

 

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.

Significant shareholdings

As at 10 March 2017 the Company is aware of the following significant holdings (over 3%) of voting rights in its share capital:

 
 

 

Name of holder

No. of ordinary shares

% of voting rights and issued capital

   
 

 

Barclayshare Nominees Limited

76,141,527

7.24

   
 

 

Hargreaves Lansdown (Nominees) Ltd

56,674,754

5.39

   
 

 

TD Direct Investing Nominees (Europe)

48,146,550

4.58

   
 

 

Hargreaves Lansdown (Nominees) Ltd

44,271,420

4.21

   
 

 

TD Direct Investing Nominees (Europe)

42,025,023

3.99

   
 

 

JIM Nominees Ltd Jarvis Acct

40,145,418

3.81

   
 

 

Hargreaves Lansdown (Nominees) Ltd

35,260,449

3.35

   
 

 

HSDL Nominees Ltd

32,770,158

3.11

   
 

 

 

 

 

   
 

 

United Kingdom Office
 

Waltie van Rensburg
1st Floor 7/8 Kendrick Mews
London SW7 3HG, United Kingdom

Tel: +44 (0) 20 7584 2155
Fax: +44 (0) 20 7589 7806
[email protected]

 

South African Office
 

Jigsaw Office Park, Ground Floor Support Services Place
7 Einstein Street, Highveld Techno Park
Centurion, 0157, South Africa
Tel: +27 (0) 11 465 1913
Fax: +27 (0) 11 465 1895
[email protected]

 

Company Secretary

Capita Company Secretarial Services
40 Dukes Places
London
EC3A 7NH

Nominated Adviser (AIM listing)

SPARK Advisory Partners Limited
5 St John’s Lane
London EC1M 4BH
Tel: +44 (0)203 368 3550

Broker

Beaufort Securities Limited
Elliot Hance / Jon Belliss
131 Finsbury Pavement
London EC2A 1NT

Solicitor

Fladgate LLP
16 Great Queen Street
London WC2B 5DG

AJH Attorneys
Ground floor, Kingston House,
Hampton Park
20 Georgian Cresent East,
Bryanston,
South Africa 2152

Auditors

Saffery Champness
71 Queen Victoria Street
London, EC4V 4BE, United Kingdom

NEXIA SAB&T
119 Witch-Hazel Avenue
Highveld Technopark
Centurion
South Africa

Financial Public Relations

Shard Capital Partners LLP
23rd Floor
20 Fenchurch Street
London
EC3M 3BY

Sponsor (JSE listing)

Sasfin Capital
Sharon Owens/Leonard Eiser - Corporate Finance
29 Scott Street,
Waverley, Johannesburg
South Africa 2090

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