Jubilee Platinum shares gain ground as Dilokong project outperforms
Output for the six months to end June came in at 15,188 tons, compared to 7, 480 tons for the same period in 2015.
Company
LON:JLP
Jubilee Metals Group PLC is a global industry-leading metal recovery business focussed on the retreatment and recovery of metals from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations. The company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including platinum group metals (PGMs), chrome and copper.
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Output for the six months to end June came in at 15,188 tons, compared to 7, 480 tons for the same period in 2015.
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Onzima said it “has thus far made a number of positive returns on its investments” in the resources sector.
The mine-to-metals specialist has given an operations and financial update on its Dilokong chrome mine
“Platinum now becomes the next key focus of the project,” said Leon Coetzer, chief executive.
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Sales of chromite so far have generated R4.1mln or £188,000 from 3,000 tonnes
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Shares in Jubilee Platinum PLC advanced as it took full operational control under its tailings deal with South African firm ASA and increased chrome processing there.
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Jubilee Platinum has debt lines and equity finance in place to take its surface platinum projects forward
Major share price risers and fallers in London at 4.15pm
The US$17.5mln package comprises up to US$15mln of senior and unsecured debt and US$2.5mln of equity finance