Business
Acquisitions of strategic PGM tailings
Acquisitions of strategic PGM tailings.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6379A\n Jubilee Metals Group PLC\n 03 June 2021\n \n \n \n \n Registration number (4459850)\n \n \n Altx share code: JBL\n \n \n AIM share code: JLP\n \n \n ISIN: GB0031852162\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n Jubilee Metals Group PLC\n \n \n (\"Jubilee\" or \"the Company\" or \"the Group\")\n \n \n Acquisition of PGM material in the Eastern Limb, South Africa\n \n \n and\n \n \n Chrome and PGM Operations Update\n \n \n \n \n \n Jubilee, a leader in metals processing with operations in Africa (AIM: JLP/Altx: JBL), is pleased to announce acquisitions of strategic PGM tailings and an update at its South African chrome and PGM operations. \n \n \n \n \n \n The Company is pleased to announce it has entered into a further long-term, 10+ years of mine life, PGM feed supply agreement with a chrome mining customer, thereby expanding its PGM Operations to the Eastern Limb of the PGM-rich Bushveld Complex (the \"PGM Supply Agreements\"). In addition, Jubilee has acquired outright 255 000 tonnes of \n PGM containing chrome tailings further increasing Jubilee's existing surface PGM tailings.\n \n \n \n \n \n Jubilee is also pleased to announce an update on progress at its South African chrome and PGM Operations where, in line with the Company's chrome strategy, final stages of the commissioning of the \n chrome beneficiation plant have been entered with completion anticipated on time, by the end of Q2 2021, a further testimony to Jubilee's track record of delivering projects on time and within budget. The Company also hereby provides an update on the expansion of the Inyoni PGM Operations. \n \n \n \n \n \n Highlights:\n \n \n \n \n \n Processing Agreements\n \n \n \n \n \n · \n Jubilee secures new long term PGM Supply Agreements projected to deliver an additional 16 500 tonnes per month of PGM rich feed, equivalent to the production of an additional 14 500 PGM ounces per annum \n \n \n · \n PGM Supply Agreement signals ...