leadf
logo-loader
viewJubilee Metals Group Plc

Jubilee Platinum PLC boss "very delighted" with Dilokong project progress

Leon Coetzer, chief executive at Jubilee Platinum PLC (LON:JLP), said the firm was "very delighted" with progress at the Dilokong chrome mine (DCM) project in South Africa.
The firm  is processing surface tailings dumps there to produce chromite concentrate.
And it's going well. Production climbed to 9,670 tons in July, which was up 29% month-on-month, while revenue from the sale of concentrate was 33% higher than in June at £692,000.
Coetzer put the performance down to the fact the group had total control of all surface operations at Dilokong, which means it is operating both it and ASA Metals' processing unit at full capacity.
Moreover, the group is also in "advanced" discussions to bring in third party material, which will allow it to access a third processing facility on site, which Coetzer hopes will start within the next quarter, he says

Quick facts: Jubilee Metals Group Plc

Price: 15.826 GBX

AIM:JLP
Market: AIM
Market Cap: £354.77 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Jubilee Metals Group Plc named herein, including the promotion by the Company of Jubilee Metals Group Plc in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Jubilee Metals Group marks 'year of delivery' on South African strategy and...

Jubilee Metals Group PLC's (LON:JLP) Leon Coetzer caught up with Proactive London about their  'year of delivery' of their South African chrome strategy and operations.  Coetzer says there has been 'tremendous growth of production both in platinum, palladium as well as our chrome...

on 14/12/20

2 min read