Jubilee Metals reports record chrome production levels

Jubilee Metals Group PLC (LON:JLP), a leading diversified metals processor in Africa with significant operations in South Africa and Zambia, has published its Operational Update and production figures for the quarter ended 31 March 2024 and also provides an update on its rapidly expanding partnerships with small-scale copper miners in Zambia.

Highlights

South Africa

·  Third quarter Lost Time Injury Frequency Rate (LTIFR) improved to 1.45 (Q2 FY2024: 2.17).
·  Record Q3 FY2024 chrome production of 408 710 tonnes achieved (Q2 FY2024: 381 114 tonnes), despite being a quarter traditionally known for lower production rates due to the January holiday period. 
·  The month of March 2024 set a record monthly production of 145 102 tonnes of chrome concentrates.
·  Year-to-date (9 months to 31 March 2024) chrome concentrate production increased by 19.2% to reach 1 126 506 tonnes compared to 944 832 tonnes for the prior year comparative period.
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