Shares in Jubilee Metals lifted up 3.76% on the JSE Altx to close at R1.38 on Thursday after it reported tolling agreements to February 2027, while construction of a second processor module was on course for completion later this year.
Jubilee said the extension of its chrome tolling agreements to February 2027 had helped it secure a total yearly processing feed capacity of 2.4 million tons of chrome.
Tolling refers to contract-based service smelting against a fee of concentrates.
Construction of a second chrome processing module at Thutse was also “on track” for completion in August, Jubilee said. This will boost its capacity to produce 300 000 tons of chrome concentrates per year.
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.
