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JUBILEE PLATINUM PLC - Tjate submits environmental impact assessment and environmental reports. Middelburg update

Release Date: 11/08/2014 08:00
Code(s): JBL     PDF:  
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Tjate submits environmental impact assessment and environmental reports. Middelburg update

Jubilee Platinum PLC
Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

("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 +44 (0) 20 7584 2155
Leon Coetzer
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


NOMAD
finnCap Ltd
Matthew Robinson/Ben Thompson – corporate finance
Tel +44 (0) 20 7220 0500


BROKER
Daniel Stewart and Company PLC
Paul Shackleton / David Coffman
Tel: +44 (0) 207 776 6550




11 August 2014
Johannesburg


Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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