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Jubilee Platinum starts production at second tailings plant

The plan is for Jubilee to produce both chromite and platinum
picture of platinum waste
Platinum next at Hernic for Jubilee

Jubilee Platinum PLC (LON:JLP) is now producing chromite from its new recovery plant at Hernic’s mine in South Africa.

The plan is for Jubilee to produce both chromite and platinum and the focus now will switch to commissioning the PGM recovery plant.

The chromite recovery plant forms the feed to the platinum group metals (PGMs) recovery plant.

Leon Coetzer, chief executive, said that with chromite now in production it was busy implementing the commissioning phase of the platinum recovery plant.

At full production, it will be the largest PGM beneficiation plant of surface chrome tailings in South Africa with the aim to process 55,000 tons per month of chrome and PGM tailings.  

Hernic’s tailings dumps have been classified having 1.7mln tons PGM material, of which approximately 90% is in the measured category.

Other dumps could boost this to 3mln tons of raw material containing more than 224,000 ounces of platinum.

Shares rose 6% to 4.25p.



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