Tjate submission and Middelburg update

RNS Number : 7182O

Jubilee Platinum PLC

11 August 2014

 



Registration number (4459850)                                          

AltX share code: JBL

AIM share code: JLP  

ISIN: GB0031852162                                 

11 August 2014

Jubilee Platinum PLC

("Jubilee" or the "Company")

Tjate Submits Environmental Impact Assessment and Environmental Management Reports

Middelburg Operations

Jubilee, the AIM-quoted and AltX quoted Mine-to-Metals specialist, is pleased to announce that its subsidiary, Tjate Platinum Corporation Proprietary Limited ("Tjate") has submitted its Environmental Impact Assessment ("EIA") and Environmental Management Programme ("EMP") to the Department of Mineral Resources ("DMR") in respect of the Tjate Platinum Mine Project ("Tjate Project"). This submission is expected to be the final requirement of the DMR towards achieving a mining right for the Tjate Project. The Directors are pleased that Jubilee is progressing towards completion of the sale of Quartzhill which is expected to generate gross sale proceeds of GBP 4.1 million (ZAR 75 million).

Leon Coetzer, CEO of Jubilee said: "The submission of the EIA and EMP for Tjate marks a very important step in the application to the DMR for a mining right for Tjate.  Jubilee, through Tjate, has engaged with the DMR towards expediting the mining right application and associated sale of the Quartzhill property.

"I am also encouraged to report that our Middelburg Operations sustained positive earnings for July 2014 in spite of the challenges faced at the smelter operations due to the national labour strike by employees affiliated to the National Union of Metal Workers of South Africa."

Contacts

Jubilee Platinum plc                          

Colin Bird  

Tel [phone]

Leon Coetzer            

Tel [phone]

Andrew Sarosi         

Tel [phone]

JSE Sponsor          

Sasfin Capital, a division of Sasfin Bank Limited

Sharon Owens

Tel [phone]

NOMAD                 

finnCap Ltd

Matthew Robinson/Ben Thompson - corporate finance

Tel [phone]

BROKER

Daniel Stewart and Company PLC

Paul Shackleton / David Coffman

Tel: [phone]

 

END

 

 

MSCGGUGGRUPCGMU