Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors
EPIC: JLP
Market: AIM:JLP
52-week High/Low: 5.00p / 2.26p
Sector: General Mining - Platinum Group Metals
Market Cap: 36.71M
Jubilee Metals Group

Jubilee Metals Group

Jubilee Metals Group Plc, formerly Jubilee Platinum, is a platinum focused mining and exploration company with world-class platinum assets. The company’s exclusive right 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...

Jubilee Metals Group

www.jubileemetalsgroup.com

Interactive graph

col 3
col 4
col 5
col 6

Big picture - Why invest in Jubilee Metals Group


Jubilee Metals Group 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.

 

 

 

Board of Directors

 
 

Colin Bird
Non-executive Chairman

Higher National Diploma in Mining Engineering (Trent Polytech College, United Kingdom)

Mr Bird is a Fellow of the Institute of Materials, Minerals and Mining and a UK Chartered Engineer. He also holds a UK and South African Mine Managers Certificate for coal mines. The formative part of his career was spent in the UK coal mining industry and thereafter he moved to the Zambian copper belt and then to South Africa to work in a management position with Anglo Coal and BP Coal. On his return to the UK he was Technical and Operations Director of Costain Mining Ltd, which involved responsibility for Costain’s interest in the UK, Latin-America and Spain. Mr Bird has had senior technical and operational experience in a number of commodities to include coal, nickel, gold, copper and industrial minerals.

After his extensive operational and technical career, he became involved in corporate finance and has been the prime mover in a number of public listings, mainly on the UK AIM market.

 
     
   
 

Dr Mathews Phosa
Non-executive Vice-Chairman

BProc (UNIN), Hon Doctorate in Law (Boston, USA)

Dr Mathews Phosa established the first black law firm in Nelspruit in 1981. He is a renowned strategic and business leader who has had an immeasurable impact on the lives of numerous South Africans. He led the military wing of Umkhonto we Sizwe from Mozambique and was part of the ANC delegation which successfully negotiated a peaceful transition into a fully democratic South Africa. Dr Phosa was elected as the first Premier of Mpumalanga Province in 1994 and went on to serve as the Treasurer General within the Executive Committee of the ANC from 2007 to 2012. He has provided a sustainable legacy through his continued commitment to Special Olympics South Africa, Innibos Arts Festival and through his commitment to UNISA as Chairperson of Council of Unisa from 2004 to 2015.

Commercially Dr Phosa sits on a number of listed company boards (Waterberg Coal Company Limited, Value Group, Jubilee Platinum) as well as a number of unlisted entities (Mathews Phosa & Associates, Hans Merensky Holdings, and du Toit Smuts & Mathews Phosa Attorneys).

Dr Phosa received a lifetime achievement award in July 2013 at the 12th awards ceremony of the Oliver Empowerment Awards for his continued persistence in ensuring we engage in the debates around reshaping and rebuilding our understanding of “real” transformation and empowerment. Dr Phosa has three anthologies, two in Afrikaans poetry - “ , some of which are prescribed in the school curriculum for our national matric syllabus and one English poetry which was released in July 2015 - “Chants of Freedom”.

 
     
   
 

Leon Coetzer
Chief Executive Officer

BSc (Chemical Engineering), University of Stellenbosch

Mr Coetzer is a qualified chemical engineer. Before joining Jubilee, he was employed for 20 years within the Anglo American PLC stable, of which 16 years were spent at Anglo Platinum. His last position was Head of Process Control and Instrumentation where he defined and managed the automation and process control strategy for Anglo Platinum. The programme has established itself as a recognised world leader in its field. He was a member of the Executive Process Committee, the Research and Development Council, and advisor to the asset optimisation initiative at Anglo Platinum. Throughout his career, he has managed both technical and production units of large operations, including both platinum concentrators and smelters, and was selected to partake in Anglo American’s global leadership programme. He is a member of the advisory Board of the process engineering faculties at both the University of Pretoria and the University of Stellenbosch and is also a member of the South African Institute of Mining and Metallurgy, and a member of the South African Institute of Directors.

 
     
   
 

Andrew Sarosi
Executive Director

MSc Eng, MIIMM, CIMM (University of Witwatersrand, South Africa)

Mr  Sarosi is a mineral processing engineer with 41 years’ experience in operations, management, consulting and corporate responsibilities for gold, silver, tungsten, tin, copper, zinc, diamond and rare earth projects in Saudi Arabia, Ethiopia, Southern Africa, West Africa, Madagascar and the United Kingdom. Andrew has held senior and advisory positions with Consolidated Gold Fields (UK), Amax UK, Petromin (Mahad adh Dahab - Saudi Arabia), Mackay & Schnellmann (UK), CSM Associates UK (now Wardell Armstrong), Lion Mining Finance and currently is an ad-hoc adviser to Wolf Minerals PLC. Andrew is currently executive director of Jubilee, having been appointed in January 2006 and is on the board of Jubilee Platinum Plc and other resource companies.

 
     
   
 

Christopher Molefe
Non-executive Director

BCom (UNIN) Post Graduate Diploma (University of Cape Town, South Africa)

Mr Molefe was formerly the Chief Executive of Royal Bafokeng Resources Pty Ltd and is presently the Non-executive Chairman of Merafe Resources Ltd and a Non-executive Director of Capital Oil Pty Ltd. He currently holds Chairman positions with Bapo Ba Mogale Investments Holdings Pty Ltd, Transfrontier Capital Pty Ltd and Saldanha Bay Investment Corporation, all in South Africa. Mr Molefe has held several positions in corporate banking and industry for the previous 20 years. He commenced his career as Group Human Resource Manager at Union Carbide Africa Corporation. His subsequent positions include Manager of Corporate Affairs at Mobil Oil Southern Africa Pty Ltd; an Executive Director at Black Management Forum; a Financial Analyst at Chase Manhattan Bank; the Marketing Manager at African Bank Ltd; an Executive Manager at Transnet (Propnet) Pty Ltd and an Executive Director at Dipapatso Media Pty Ltd.

 

 

 

 

 

 

       
   

 

 

 
 

Significant shareholdings

As at 22 February 2018 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

   
 

 

JIM Nominees Ltd Jarvis Acct

104,788,174

8.02

   
 

 

Barclays Direct Investing Nominees Limited

72,981,068

5.59

   
 

 

Interactive Investor Services

70,476,776

5.39

   
 

 

Interactive Investor Services

66,800,432

5.11

   
 

 

Pershing Nominees Ltd

63,166,969

4.83

   
 

 

Hargreaves Lansdown (Nominees) Ltd

60,556,188

4.63

   
 

 

Hargreaves Lansdown (Nominees) Ltd

57,237,105

4.38

   
 

 

Vidacos Nominees Ltd

40,396,450

3.09

   
 

 

Hargreaves Lansdown (Nominees) Ltd

39,703,081

3.04

   
     
 

Shares not in public hands

 
 

 

Name of holder

No. of ordinary shares

% of voting rights and issued capital

   
 

 

Colin Bird

11,047,555

0.85

   
 

 

Dr M Phosa

2,834,884

0.22

   
 

 

Andrew Sarosi

64,444

0.01

   
 

 

Leon Coetzer

27,810

0.01

   
   

 

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
Link Company Matters Ltd
34 Beckenham Rd
Beckenham, BR3 4TU, United Kingdom

Tel: +44 (0) 1328 6855
Website: www.linkassetservices.com

Nominated Adviser (AIM listing)
SPARK Advisory Partners Limited
5 St John’s Lane
London, EC1M 4BH, United Kingdom

Tel: +44 (0) 20 3368 3550
Website: www.sparkadvisorypartners.com

Broker:
Shard Capital Partners LLP
23rd Floor, 20 Fenchurch St
London, EC3M 3BY, United Kingdom

Tel +44 (0) 20 7 186 9900
Fax: +44 (0)207 186 9979
Website: https://www.shardcapital.com/
Email: [email protected]

UK Solicitors to the Company
Fladgate LLP
16 Great Queen Street
London, WC2B 5DG, United Kingdom

T: +44 (0) 20 3036 7000
F: +44 (0) 20 3036 7600
Website: www.fladgate.com
E-mail: [email protected]

RSA Solicitors to the Company
AJH Attorneys
Ground floor, Kingston House, Hampton Park
20 Georgian Cresent East, Bryanston, South Africa 2152

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

Tel: +44 (0) 20 7841 4000
Website: www.saffery.com

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

Tel: +27 (0) 12 682 8800
Fax: +27 (0) 12 682 8801
E-mail: [email protected]
Website: www.nexia-sabt.co.za

Financial Public Relations
Shard Capital Partners LLP
23rd Floor, 20 Fenchurch St
London, EC3M 3BY, United Kingdom

Tel: +44 (0) 20 7186 9900
Fax: +44 (0)20 7186 9979
Website: http://www.shardcapital.com/
E-mail: [email protected]

Sponsor (JSE listing)
Sasfin Capital
c/o: Sharon Owens - Corporate Finance
29 Scott Street, Waverley
Johannesburg South Africa 2090

Tel: +27 (0) 11 809 7762
Fax: +27 (0) 11 887 6167
Website: www.sasfin.com
E-mail: [email protected]

 

Jubilee Metals Group Timeline

RNS
March 29 2018
RNS
March 21 2018
RNS
March 02 2018
RNS
March 01 2018

Columns Including JLP

VIEW ALL

Market Reports Including JLP

VIEW ALL
Video RSS

Videos

VIEW ALL VIDEOS

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use