Business
Hernic Project Reaches Full Production
Hernic Project Reaches Full Production.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \nRNS Number : 2209I Jubilee Platinum PLC 15 June 2017 \n\n(\"Registration number: 4459850\") \nAIM share code: JLP \nAltX share code: JBL\nISIN: GB0031852162 \nJubilee Platinum Plc\n(\"Jubilee\" or \"the Company\")\nHernic Project Reaches Full Production\n \nHernic project operating at full production rate.\n \nJubilee is pleased to announce that its Hernic platinum and chrome processing operations (\"Hernic\") has achieved 100% of the design throughput of 1 900 tonnes (t) per day of chrome and platinum containing feed material equating to 55 000 t per month. \nPGM concentrate production continues to ramp up commensurate with the increased production of approximately 420 ounces of PGM delivered to the refinery.\n \nLeon Coetzer, Chief Executive commented: \n\"I am very pleased to announce that Hernic is up to full operational status. I now look forward to Jubilee receiving the financial benefits that this project will undoubtedly deliver. \nWe are actively pursuing further opportunities in platinum and base metal processing and will keep the market updated on progress made in this regard.\"\n \nTechnical Sign-Off\nAndrew Sarosi, Director of Jubilee, who holds a B.Sc. Metallurgy and M.Sc. Engineering, University of Witwatersrand and is a member of the Institute of Materials, Minerals and Mining, is a \"qualified person\" as defined under the AIM Rules for Companies and a competent person under the reporting standards. The technical parts of this announcement have been prepared under Andrew's supervision and he has approved the release of this announcement.\n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n \n \n15 June 2017\n \nContacts\nJubilee Platinum plc\nColin Bird/Leon Coetzer\nTel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913\nAndrew Sarosi\nTel +44 (0)1752 221937\nJSE Sponsor\nSasfin Capital, a division of Sasfin Bank Limited\nSharon Owens\nTel +27 (0)11 809 7500\nNominated Adviser\nSPARK Advisory Partners Limited\nSean Wyndham-Quin/Mark Brady\nTel: +44 (0) 203 368 3555\nBroker\nBeaufort Securities Limited\nJon Belliss\nTel: +44 (0) 20 7382 8300\n \nAbout the Hernic Project \nHernic Ferrochrome Proprietary Limited (\"Hernic\") is the world's 4th largest integrated ferrochr...