Jubilee Platinum PLC Hernic Update (0280S)
28 September 2017 - 4:00PM
UK Regulatory
TIDMJLP
RNS Number : 0280S
Jubilee Platinum PLC
28 September 2017
Jubilee Platinum PLC
Registration number (4459850)
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162
Jubilee Platinum Plc
("Jubilee" or "the Company")
Hernic Update
Jubilee wishes to assure shareholders that the notification of
Hernic Ferrochrome Proprietary Limited ("Hernic") voluntary
business rescue to facilitate the restructuring of some its
business activities ("Business Process") has no current effect on
Jubilee's operations at Hernic.
Leon Coetzer, Chief Executive Officer, says:
"Jubilee is very accustomed to operating within this Business
Process. We have already engaged with Hernic to offer our services
wherever appropriate within this process.
Normal operations at Hernic are expected to continue for the
foreseeable future with stable chrome market conditions persisting.
Our platinum and chrome operation is processing both current
arisings stemming from Hernic's mining operations as well as
platinum containing material from the vast surface stocks.
As far as the Company is concerned it is business as normal. We
continue to be buoyant by our overall results and progress at our
Hernic platinum and chrome operations and have over the past week
achieved production levels in excess of 1 900 tonnes of feed
material per day moving towards a robust operation. "
28 September 2017
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
Beaufort Securities Limited
Jon Belliss
Tel: +44 (0) 20 7382 8300
This information is provided by RNS
The company news service from the London Stock Exchange
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