Jubilee Metals, the diversified metal processing group, saw a strong operating performance in the year ended June 30, which assisted in buffering the group against market challenges, including a fast falling platinum price and rising costs.
It demonstrated “Jubilee’s ability to challenge industry norms by breaking through technical barriers and implementing solutions that extract value from materials and ore sources that were previously regarded by others as waste or too complex,” its directors said in the results published yesterday.
“As a consequence of the investments made in the last financial year, we can report that our expansion into higher margin chrome mining and processing activities has already started to yield positive results,” chairman Ollie Oliveira said in his first report to shareholders in the annual report.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
