Business
General Operations and Projects Update
General Operations and Projects Update.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \nRNS Number : 4935T Jubilee Metals Group PLC 20 March 2019 \n\nJubilee Metals Group PLC\nRegistration number (4459850)\nAltX share code: JBL\nAIM share code: JLP\nISIN: GB0031852162\n(\"Jubilee\" or \"the Company\")\n \nDissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).\n \nGeneral Operations and Projects Update\n \n \nHighlights\n \n· Company continues to grow\n· PlatCro Chrome operation acquired in January 2019 already contributing to group earnings ahead of schedule of GBP0.9 million (ZAR16.06 million) combined for January and February 2019\n· The PlatCro PGM project accelerates deliveries of PGM containing material to Northam's Eland platinum concentrator, scheduled to commence PGM recovery and refining during May 2019\n· Jubilee completes commissioning and bringing into operation of industry first DCM fine chrome plant delivering saleable chrome concentrate to the market\n· The Hernic project continues to deliver strong earnings combined for January and February 2019 of GBP1.10 million (ZAR19.69 million) \n \n1= * 6 Element Platinum Group Metals\n \n \nLeon Coetzer, Chief Executive Officer, says: \n\"The period has been remarkable both operationally and financially for Jubilee leading to a solid South African platform which precedes our targeted growth into base metals in Zambia.\n \nJubilee has continued to demonstrate its ability to deliver projects on-time and in budget. The quarter to date has delivered major growth in both our South African chrome and PGM operations. I am particularly pleased with the team's performance at PlatCro Chrome delivering positive earnings ahead of schedule of GBP0.90 million during the months of January and February 2019. \n \nThe progress is testimony to the operational excellence and tenacity of the Jubilee team. \n \nWe continue to consolidate our projects to further advance earnings and fast track our expansion plans both within and outside of South Africa.\"\n \n \n \nPlatCro chrome and PGM project\n \nJubilee completed the acquisition of its PlatCro chrome project in January 2019 and delivers positive...