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Jubilee Platinum chief says revenues at Hernic take project to next level

Jubilee Platinum PLC (LON:JLP) says the revenues for its flagship Hernic PGM project are extremely significant and is progressing on schedule.
Chief executive Leon Coetzer says numbers are in line with expectations and will take the company into a very strong position.
Commissioning of what will be the world's largest platinum recovery plant from chrome tailings is earmarked to begin in December this year.
Elsewhere the group revealed a doubling of chrome concentrate production from its Dilokong tailings project (DCM) in the latest half year.
Coetzer says discussion are to conclude within the next 4-5 weeks when the group will decide whether or not build its own processing plant at the site.

Quick facts: Jubilee Metals Group

Price: 2.255 GBX

AIM:JLP
Market: AIM
Market Cap: £45.49 m
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Jubilee Metals sees 'tremendous opportunity' in Zambia as it reports...

Jubilee Metals PLC's (LON:JLP) chief executive Leon Coetzer skyped into the Proactive London studio to update on operations and how recent movements in commodity prices have been impacting them. Jubilee recently posted a 74% increase in combined second-half revenue to £25mln when set against...

on 27/2/20

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