JUBILEE PLATINUM PLC - Heads of agreement concluded with Hernic Ferrochrome

Heads of agreement concluded with Hernic Ferrochrome

Jubilee Platinum PLC
Registration number (4459850)
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or the "Company”)


Jubilee concludes Heads of Agreement with Hernic Ferrochrome Proprietary Limited
for the beneficiation of Chrome and Platinum Group Metals from its surface tailings

Highlight

- Jubilee concludes Heads of Agreement (“HOA”) with Hernic Ferrochrome Proprietary
Limited (“Hernic”) for the beneficiation of Chrome and Platinum Group Metals (“PGM’s”) from
its Surface Tailings.



Jubilee, AIM-quoted and AltX-listed Mine-to-Metals company, is pleased to announce that it
has concluded Heads of Agreement with Hernic; the world’s 4th largest integrated
ferrochrome producer. Hernic targets to appoint Jubilee as the exclusive party to beneficiate
the chrome and PGM’s contained in its surface tailings.

In addition to its PGM-containing surface tailings, Hernic also has access to at-surface
secondary stocks. The HOA facilitates the processing of approximately 1.7 million tonnes of
chrome tailings material and Hernic identified that the tailings material could exceed 3 million
tonnes through additional drilling programs. The 1.7 million tonnes of chrome tailings
material has been fully drilled and assayed for Chrome and PGM content to produce a
resource statement of which approximately 90% of the resource is classified within the
measured category under the internationally recognised SAMREC code.

Leon Coetzer, Chief Executive says:

“We are very proud as a company, to be selected as the exclusive partner to execute
Hernic’s PGM processing project following an extensive selection process by such a
prestigious entity as Hernic.” The envisaged project will be the largest PGM beneficiation
plant of Chrome tailings re-claimed from a surface chrome tailings dam in South Africa. “

Under the HOA, Hernic and Jubilee intends to conclude a Plant Engineering and Design
Agreement as well as a Co-operation Agreement in respect of PGM Concentrate to facilitate
the construction and operation of a PGM processing plant at Hernic.

The Company will update shareholders on further details relating to this PGM processing
project in due course.



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

19 January 2015

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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