Jubilee Metals, a leading African metals processor, defied challenging market conditions to shine in Q2 FY2024, setting a new quarterly record for chrome production and advancing key growth projects. This robust performance positions the company for continued expansion and value creation in the year ahead.
Chrome Crown Jewel: Jubilee’s chrome operations stole the show, shattering the previous quarterly record with an impressive 13.2% increase in output. The Thutse Project, now operating at full capacity, led the charge, churning out a hefty 381,114 tonnes of concentrate. This stellar performance further strengthens Jubilee’s commitment to becoming a world leader in chrome, with the strategic decision to expand Thutse by 50,000 tonnes per month bringing the company closer to its ambitious goal of 2.1 million tonnes annually.
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.
