9th Apr 2025 07:53
Jubilee Metals Group PLC - London-based metal processing company, with projects in South Africa and Zambia - Signs a joint partnership with an existing platinum group metals producer to process part of its surplus PGM and chrome stock. Says its PGM feed stock has increased "significantly" on the back of the expansion of its chrome operations. Construction and commissioning of Jubilee's two new chrome processing modules at Thutse in South Africa was completed during the first half to December 31.
Under the terms of the 12-month agreement, earnings generated from the partnership are shared equally, Jubilee says. Jubilee is looking to commence deliveries at 18,000 tonnes per month of chrome and PGM bearing material, with the potential to increase deliveries to 30,000 tonnes a month.
Share price in London: 3.00 pence
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Share price in Johannesburg: 77 rand cents
12-month change: down 57%
By Artwell Dlamini, Alliance News reporter
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