Business
Shareholder update
Shareholder update.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \nRNS Number : 6150P Jubilee Platinum PLC 22 February 2016 \n\nRegistration number (4459850) \nAltX share code: JBL\nAIM share code: JLP\nISIN: GB0031852162\n \n22 February 2016\nJubilee Platinum PLC\n(\"Jubilee\" or \"Company\")\n \nShareholder update \n \nJubilee, the AIM-quoted and AltX-listed Mine-to-Metal's specialist, is pleased to provide a Shareholder Update following previous announcements and the live webcast held on 19 January 2016.\nHighlights\n \n· Erection of ASA Metals processing plant (\"Plant\") completed\n \n· Commissioning of the Plant targeted during February 2016\n \n· Pre-site work programme for the Hernic Tailings project (\"Project\") on schedule and Project commissioning remains on track for Q4 2016\n \n· Annualised processing capacity in excess of 900 000 tons from the two platinum surface tailings projects (\"Platinum Projects\") targeted for commissioning in 2016 \n \n· Company continues to explore potential acquisition of further platinum surface projects \n \n \nASA Tailings Project \n \nFurther to the announcement on 15 December 2015, Jubilee has progressed the construction and erection of its chrome plant at ASA Metals. The major plant process components, following the successful trial assembly at the manufacturer, were delivered to the ASA site in February 2016 and have been erected. The final tie-ins for piping, electrics and controls are being completed with commissioning slated before end February 2016 and ramping up to full production during March 2016. Jubilee has been able to remain on track despite rain delays during the construction phase. Shareholders are directed to the Company website for a picture library of the project.\n \nHernic Tailings Project \n \nThe fast-tracked Hernic project is progressing to schedule with commissioning of the 55 000 tons per month processing plant remaining on track for Q4 2016. \n \nHernic's contractual activities in the Project, in terms of the Co-operation Agreement executed in 2015, including site preparation, the provision of services and the pre-commissioning of their on-site coarse chro...