Business
Tailings Projects Further Update
Tailings Projects Further Update.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \nRNS Number : 6823W Jubilee Platinum PLC 28 April 2016 \n\nJubilee Platinum PLC \nRegistration number: 4459850\nAltX share code: JBL\nAIM share code: JLP \nISIN: GB0031852162\n(\"Jubilee\" or the \"Company\")\n \n28 April 2016\nTailings Projects Further Update\n \nThe Company is pleased to announce the achievement of key milestones at its chrome processing operation at the Dilokong Chrome Mine (\"ASA project\"). As previously announced Jubilee has secured access to an additional 50 000 tonnes per month (\"tpm\") processing capability at the ASA project, thereby increasing its overall processing potential at ASA to 75 000 tpm. The additional processing capacity provides scope for importation of third party material, which should enhance overall financial results. \n \n \nHighlights\n \n· The ASA project exceeds design process throughput of chrome tailings\n· The ASA project is currently processing feed at 60 tonnes per hour (\"tph\")_, which significantly exceeds design capacity of 44 tph\n· Chrome saleable concentrate in excess of 1 000 tonnes is ready for shipment\n· Shareholders will be provided with operating and financial reports, following the first quarter of production\n \nLeon Coetzer, CEO said: \"I am very pleased with the commissioning and ramp up of our ASA tailings project. The increased throughput reflects the experience and training of our project and operational team and I look forward to even more increases. I appreciate that shareholders are eager to receive news on impact on financial performance and expect to give full details after our first quarter of full production.\"\nContacts\nJubilee Platinum plc \n \nColin Bird/Leon Coetzer\nTel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913\nAndrew Sarosi\nTel +44 (0) 1752 221937\nNominated Adviser\nSPARK Advisory Partners Limited \nSean Wyndham-Quin / Mark Brady \nTel: +44 (0)203 368 3555\nBroker\nBeaufort Securities Limited \nJohn Belliss \nTel +44 (0) 20 7382 8300\nJSE Sponsor\nSasfin Capital, a division of Sasfin Bank Limited \nSharon Owens\nTel +27 (0) 11 809 7500\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END...