JUBILEE PLATINUM PLC - Jubilee commences with construction of its surface platinum project

Jubilee commences with construction of its surface platinum project

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

Jubilee commences with construction of its surface platinum project

Highlights

-     Jubilee has commenced with construction of the processing facility for its Platinum
      Processing Project
-     Commissioning of the front end of the new processing project targeted for January 2016


Jubilee, the AIM-quoted and AltX-listed Mine-to-Metals specialist, is pleased to announce that further
to the announcement on 23 September 2015 regarding the execution of an addendum to the ASA
Processing of Tailings Dam Agreement ("the Agreement") that the Company has commenced with
construction of the first surface processing plant (“Platinum Processing Project”). As previously
announced, under the Agreement, 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.”

The Agreement further enhances and expedites the projected profitability of the Platinum Processing
Project, as both the platinum containing concentrate as well as the chrome concentrate will now
contribute to the overall profitability of the Platinum Processing Project. The Company projects that it
will be able to commission the Initial Processing Step of the overall Platinum Processing Project up to
five months earlier than first anticipated, thereby resulting in earlier-than-planned cash flows from this
first of the Platinum Processing Projects. The total projected capital for the completion of the Platinum
Processing Project is estimated at GBP 4.9 million (ZAR 105 million) of which GBP 1.1 million (ZAR
23.6 million) has been committed towards the construction and commissioning of the Initial Processing
Step.



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

Brokers

Beaufort Securities Limited
Elliot Hance - Corporate
Broking Tel +44 (0) 20 7382
8416

JSE Sponsor

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

9 November 2015

Date: 09/11/2015 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.