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Braemore Tailings Project
Jubilee Platinum PLC
Registration number (4459850)
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or “Company")
Braemore Tailings Project
Mine-to-Metals specialist Jubilee Platinum plc (AIM: JLP, AltX: JBL) announces that in
relation to Jubilee’s subsidiary, Braemore Nickel (Pty) Ltd’s (“Braemore”), Braemore has
received from BHP Billiton (Pty) Ltd (“BHP”) a notice of termination of the Tailings Supply
Agreement dating back to 2005 relating to the Leinster Nickel Operations in Western
Australia. Braemore has informed BHP that it rejects the termination notice since it believes
no factual or legal basis exists for such termination. Braemore has been continuing with the
internal review of the nickel tailings project with the aim of improving the viability of the project
as part of the economic evaluation of the project.
This nickel tailings project does not form part of Jubilee’s earnings nor has any influence on
the execution of Jubilee’s platinum and chrome projects. Jubilee continues to pursue further
tailings opportunities to add to its existing platinum and chrome projects and looks forward to
updating the market in due course.
Jubilee, through its tailings processing subsidiaries continues successfully to develop and
implement innovative processing solutions for the recovery of metals and minerals from
various tailings materials. These innovations and progress offer significant opportunities
across the tailings recovery spectrum.
Further announcements regarding Braemore will be made as and when appropriate.
Contacts
Jubilee Platinum plc
Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913
Andrew Sarosi
Tel +44 (0)1752 221937
JSE Sponsor
Sasfin Capital, a division of Sasfin Bank Limited
Sharon Owens
Tel +27 (0)11 809 7500
Nominated Adviser
SPARK Advisory Partners Limited
Sean Wyndham-Quin/Mark Brady
Tel: +44 (0)203 368 3555
Broker
Beaufort Securities Limited
Jon Belliss
Tel: +44 (0) 20 7382 8300
United Kingdom
9 November 2016
Sponsor: Sasfin Capital (a division of Sasfin Bank Limited)
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