Jubilee Metals Group PLC Hernic project delivers and exceeds

Jubilee Metals Group

Jubilee Metals Group PLC (LON:JLP), today announced market update.

Highlights

· Hernic Project exceeds 2 500 PGM* ounces produced in a single month during October 2018

· The Hernic Project perfectly positioned to benefit from increased metal prices for Palladium and Rhodium forming part of the PGM basket

* 6 Element Platinum Group Metals

Leon Coetzer, Chief Executive Officer of Jubilee Metals, says:

“It is very gratifying to see our Hernic project deliver and exceed even on its stretched design targets so early in the project’s life cycle. The project has breached, for the first time, 2 500 PGM ounces produced in a single month. This strong performance continues to favour Jubilee to benefit from the strong palladium and rhodium prices which forms part of the PGM basket produced at Hernic.

The current Q4 is yet another exciting period for Jubilee with the expected commissioning of the state of the art Dilokong Fine Chrome project as well as the PlatCro PGM project.

I look forward to providing further updates to our shareholders on these exciting projects as well as the progress made at our Kabwe project. “

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:
Jubilee Metals Group plc has made significant strides in its Large Waste Project transaction, securing exclusive rights for US$18 million and eyeing major growth in Zambia's copper sector.
Jubilee Metals Group plc has released its interim financial report for H1 FY2025, showcasing significant growth in revenue and operations across Africa's metal sector.
Jubilee Metals Group plc (LON:JLP) begins processing high-grade copper at Zambia's Roan facility, aiming to boost production amidst recent updates.
Jubilee Metals Group CEO Leon Coetzer discusses overcoming recent challenges to boost copper production, share issuance, and upcoming output increases.
Jubilee Metals Group Plc boosts copper output in Zambia with stable power and new high-grade material agreements, driving operational recovery and growth.
Jubilee Metals Group boosts copper output with high-grade material and strategic growth, as CEO Leon Coetzer outlines efficient, sustainable expansion plans.

Search

Search