Chrome remains robust with strong demand from China

Jubilee’s Inyoni Facility continued to deliver a strong performance in line with expectations. The Inyoni operations achieved 9 019 PGM oz for the quarter (100% from own operations) and additionally, sold the equivalent of 2 418 PGM oz from excess feedstock through its JV partner agreement.

At the Company’s Inyoni operations, the operational cost remained tightly under control despite the inflationary pressure and benefitted from the chrome offset on the back of the strong performance.

The chrome operations, as a by-product of the PGM operations, continued to perform, delivering 310 721 tonnes of chrome concentrate over the period against a targeted 300 000 tonnes.

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.

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