JUBILEE PLATINUM PLC - Jubilee Processing Operational Update

Jubilee Processing Operational Update

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

Jubilee Processing Operational Update

Mine-to-Metals specialist Jubilee Platinum plc (AIM:JLP, AltX:JBL) is pleased to provide a
performance update, on behalf of its subsidiary Jubilee Tailings Treatment Company (“JTTC”), of
its recently commissioned and now fully operational chrome recovery plant (“Chrome Plant”), which
is part of its PGM-bearing tailings processing project on the Dilokong Chrome mine (“DCM Tailings”
or “Project”).
Jubilee further provides an update on the processing commencement strategy of the enriched
platinum material from the Project. The Company will target the release of a more detailed financial
and production update following the completion of the first production quarter of the Project at the
end of May 2016.

Highlights:

Sustainable Chrome Plant feed rate capacity reaches 65 tons per hour (tph) exceeding the 50 tph
design capacity by 30%

Short term feed rate trials linking to the continued production ramp-up demonstrate the ability of a
maintained Chromite production rate of double that of design capacity while also increasing the
production rate of upgraded platinum tailings


First 3 000 tonnes Chromite produced sold generating alone, approximately ZAR 4.1
million (GBP0.188 million) of revenue for the Project

The Project is targeting the production of 6 000 tonnes of Chromite for May 2016 increasing to
8 000 tonnes for June 2016


Leon Coetzer says;

“The DCM team and plant continues to outperform the original design numbers as the Project starts to
generate its first revenues. Platinum now becomes the next key focus of the Project. The Project is
consistently exceeding the enrichment targets for platinum, increasing the value of this stream and
drawing the interest of a number of established platinum producers looking to accelerate the
production of a saleable platinum product.”

The Company is very pleased with the continued excellent operational progress of this Project:
already the Project is achieving operational results in excess of the stated design targets and most
notably, a significant increase is expected in the production of high-grade chromite concentrates to
8 000 tonnes per month for the month of June 2016 from the design target of 4 600 tonnes per month.

The increased processing rates coupled with the maintained processing efficiencies of the Project has
resulted in a significant increase in the production of platinum enriched Project tailings with platinum
values consistently exceeding the designed platinum content by up to 32%. Jubilee has been
approached by well-established platinum producers in the region to process the increased platinum
stream on Jubilee’s behalf to accelerate the beneficiation of the enriched platinum. Their plant trials,
in this regard, have been successfully concluded and the JTTC board is evaluating these options to
conclude an updated platinum processing strategy by end May 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


Brokers
Beaufort Securities Limited
Elliot Hance/Jon Belliss
Tel +44 (0) 20 7382 8416


12 May 2016
Johannesburg

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

Date: 12/05/2016 02:30:00 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.