Johannesburg- and London-listed Jubilee Metals says it has traded 24 500 t of newly produced chrome product from the expanded Inyoni chrome and platinum group metal (PGM) operations, in the Bushveld Complex, in South Africa, and is on track to trade an additional 17 000 t of metallurgical grade chrome a month.
The company expects the expanded project to contribute an additional 60 000 t of chrome concentrate, as well as an additional 4 000 oz of PGMs for the six months to December 31.
Jubilee entered into a long-term chrome processing partnership with an existing chrome producer in June, which provides the potential for additional chrome processing capacity of 360 000 t/y, for an additional 200 000 t/y of chrome concentrate and an additional 10 000 oz/y of PGMs to Inyoni’s production profile.
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.
