Jubilee Metals provided an update on the chrome JV in South Africa as well as an update on the expansion of its Roan Concentrator in Zambia.
PGM and chrome expansion – Jubilee Metals Group
- Successful upgrade, implementation, and commissioning of an existing brownfield processing facility, on the western limb of the Bushveld Complex, has now been completed reaching targeted operational output.
- The long-term chrome processing partnership provides the potential for additional chrome processing capacity of 360 000 tpa targeting an additional 200 000 tonnes of chrome concentrate and adding an additional 10 000 PGM ozpa to Inyoni’s profile.
- The expansion of the chrome operations comes at an opportune time with supportive chrome prices and strong market support further extending operating margins:
- o A total of 24 500 tonnes of newly produced final chrome product already traded and on track to trade an additional 17 000 tonnes of metallurgical grade per month
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.