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JUBILEE PLATINUM PLC - Statement regarding share price movement on AIM

Release Date: 04/08/2015 14:07
Code(s): JBL     PDF:  
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Statement regarding share price movement on AIM

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


Statement regarding share price movement

The Board of Jubilee (“Board”) notes the recent rise in the share price and provides the
following update:

The Board can confirm that it is in advanced talks with a major financial institution to secure
the debt element of the project financing required to bring its two surface platinum
processing plants into operation. The size of the debt funding is ZAR255 million (GBP12.9
million) before financing costs. Although the funding has received credit approval, in
principal, from the targeted major financial institution there can be no guarantee that the debt
financing described above will be successfully completed. A further update will be made as
soon as practicable.

The project capital required for the construction of both the surface platinum and chrome
beneficiation processing plants (Platinum Surface Projects) is estimated at ZAR271 million
(GBP 13.71 million). The working capital required to bring the Platinum Surface Projects to
operation and to achieve positive earnings is estimated at ZAR75 million (GBP3.8 million).
The majority of the funding shortfall will be covered through the sale of the Company’s non-
platinum operational assets, subject to shareholder approval at the GM to be held on 7
August 2015, as previously announced. A further update will be made as soon as
practicable

The Platinum Surface Projects target to process 80,000 tons per month of platinum
containing surface material delivering an estimated production of 42,000 ounces of PGM’s
per annum. The Platinum Surface Projects are expected to achieve an IRR in excess of 30%
net of taxation.

Leon Coetzer, Chief Executive says: “The Company continues to drive hard the time lines of
both Platinum Surface Projects aim for the commissioning of both project in June 2016.”




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

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 8416

JSE Sponsor
Sasfin Capital, a division of Sasfin Bank
Limited Sharon Owens
Tel +27 (0) 11 809 7500

4 August 2015

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