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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.

Website:
http://www.jubileeplatinum.com/
Phone:
+44 (0)20 7584 2155
Address:
4th Floor, 2 Cromwell Place, London SW7 2JE.
Super Sector:
General Mining - Platinum Group Metals
Sector:
Mining
Industry:
Platinum & Precious Metals
EPIC / Symbols:
LON:JLP
chart-size
*subject to change and depends on individual circumstances.

Jubilee Platinum RNS Press Releases

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Jubilee Platinum Articles, News, and Media Files

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Jubilee Platinum Related Media

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Broker press

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  • 30/08/12

    30.08.12 :-0.12, (8.63) CIBC reiterates its "sector underperformer" rating and cut its price target to 8p from 10p.

  • 03/08/12
    +0.00 +8.88

    CIBC reiterates its "sector underperformer" rating and cut its price target to 10p from 12p.

  • 27/08/10
    +0.25 +28.00

    an article in the Mail reports: Jubilee Platinum fell 0.25p to 27.75p despite rumours that larger bigger mining industry players are interested. Jubilee and Northern... read more

  • 03/07/09

    03.07.09 :-2, (44) announces it has agreed to acquire Braemore Resources PLC (BRR.LN) for about GBP26 million in shares, in a bid to... read more

  • 19/04/07

    an article in the Guardian reports: 19.04.07: -2.25, (114.5) an article in the Guardian reports: Jubilee Platinum rose 2.25p to 116.75p after platinum hit a... read more

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
17/04/15 N.M. Phosa FEES 354,526 ORD 0.00 0 986,717 0.14
10/12/14 C. Bird BUY 1,000,000 ORD 1.25 12,500 6,517,991 0.16
26/06/14 C. Bird BUY 1,300,000 ORD 1.53 19,890 5,517,991 1.02
15/10/13 C. Bird BUY 665,188 ORD 4.25 28,270 4,883,179 1.32
14/05/13 L.P. Coetzer BUY 27,810 ORD 7.21 2,005 0,000 N/A

BASIC RESULTS INFORMATION

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Date Type Turnover Profit EPS (p) Dividend (p) Currency
31/12/14 Interim 2.76 -1.02 -0.20 0.00 GBX
30/06/14 Full year 4.04 -5.57 -1.27 0.00 GBX
31/12/13 Interim 2.26 -1.54 -0.46 0.00 GBX
30/06/13 Full year 4.75 -7.33 -2.41 0.00 GBX
31/12/12 Interim 2.13 -3.97 -1.40 0.00 GBX

Company Statement

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.

Current Operations

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.

Management

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.

Major Shareholders

 

Information taken from Company website 17.02.2015

  • Additional Information
    Market
    AIM
    EPIC
    JLP
    Share Price
    1.4p
    Change
    0
    Volume
    2,960,979
    Dividend
    0
    EPS
    -1.27
    Shares
    712.36 m
    Offer
    1.45
    Bid
    1.35
    Yield
    0.00
    P/E
    -22.78
    Mkt Cap
    £9.97 m
  • Contact Information

    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

     

    Corporate Information

    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

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