Business
Access Agreement Executed
Access Agreement Executed.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \nRNS Number : 1075J Jubilee Platinum PLC 09 June 2014 \n \n\nRegistration number (4459850) \nAltX share code: JBL\nAIM share code: JLP \nISIN: GB0031852162 \n \n9 June 2014\nJubilee Platinum PLC\n(\"Jubilee\" or the \"Company\")\nProcessing of Tailings Dam Agreement Concluded\n Issue of Equity \nAppointment of Broker\n \nJubilee, the AIM-quoted and AltX-listed Mine-to-Metals specialist, is pleased to announce that the Company has executed a Tailings Access Agreement (\"Access Agreement\") with ASA Metals Proprietary Limited (\"ASA\") and its subsidiary Dilokong Chrome Mines Proprietary Limited (\"DCM\").Under the Access Agreement, Jubilee is, inter alia, awarded the exclusive right to access the PGM - bearing tailings (\"Surface Stock\") on the DCM mine area (the \"Mining Area\"), and the right to construct, a dedicated chrome and PGM processing plant (\"New Processing Plant\") on the Mining Area to process the Tailings. In addition, ASA has agreed to give Jubilee access to sufficient power and water for the construction and operation of the New Processing Plant. \nHighlights \n· Jubilee executed the Access Agreement with ASA and DCM for the recovery of platinum group metals (\"PGM\") and Chrome from the surface tailings dam estimated at 800 000 tons of material containing an estimate of 74 000 4E PGM ounces;\n \n· The Access Agreement offers Jubilee the option to construct in partnership with ASA a dedicated chrome and PGM processing plant for the treatment of the Tailings on ASA's DCM property (\"New Plant\"); \n \n· The Access Agreement paves the way for establishing an independent processing facility for the processing of platinum containing chrome ore in the Eastern Limb of South Africa's platinum and chrome belt; \n \n· In terms...