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Jubilee begins construction of surface processing plant

By BFN News | 01:36 PM | Monday 09 November, 2015


Jubilee Platinum (JLP) has announced that it has commenced with construction of the first surface processing plant (Platinum Processing Project). As previously announced, the Company is incentivised to accelerate the execution of the Platinum Processing Project by early commissioning of the front end of the new processing facility, which includes the classification and chrome beneficiation section (Initial Processing Step), by 31 January 2016. Leon Coetzer said: "The Company successfully ran an extensive production scale beneficiation trial of approximately 4000 tons of the platinum containing surface material which confirmed the design basis of the targeted Platinum Processing Project. On the back of this successful trial, the Company concluded to place firm orders for the manufacturing and delivery of the processing equipment. "The Company is excited to take this next step towards delivering two operational platinum surface processing projects within the near term. Targeting commencement of commissioning of the Initial Processing Step of the overall Platinum Processing Project as early as January 2016. The Platinum Processing Project targets processing 30 000 tonnes per month of platinum-containing surface material. "The Company's two platinum surface processing projects target a combined processing of 80,000 tonnes per month of tailings with an estimated production of 42 000 ounces PGMs per year in concentrate." At 1:36pm: (LON:JLP) Jubilee Platinum PLC share price was -0.02p at 3.68p Story provided by StockMarketWire.com

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