Jubilee Platinum PLC Braemore Tailings Project (7594O)
November 09 2016 - 6:30AM
UK Regulatory
TIDMJLP
RNS Number : 7594O
Jubilee Platinum PLC
09 November 2016
Registration number (4459850)
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162
9 November 2016
Jubilee Platinum PLC
("Jubilee" or "Company")
Braemore Tailings Project
Mine-to-Metals specialist Jubilee Platinum plc (AIM: JLP, AltX:
JBL) announces that in relation to Jubilee's subsidiary, Braemore
Nickel (Pty) Ltd's ("Braemore"), Braemore has received from BHP
Billiton (Pty) Ltd ("BHP") a notice of termination of the Tailings
Supply Agreement dating back to 2005 relating to the Leinster
Nickel Operations in Western Australia. Braemore has informed BHP
that it rejects the termination notice since it believes no factual
or legal basis exists for such termination. Braemore has been
continuing with the internal review of the nickel tailings project
with the aim of improving the viability of the project as part of
the economic evaluation of the project.
This nickel tailings project does not form part of Jubilee's
earnings nor has any influence on the execution of Jubilee's
platinum and chrome projects. Jubilee continues to pursue further
tailings opportunities to add to its existing platinum and chrome
projects and looks forward to updating the market in due
course.
Jubilee, through its tailings processing subsidiaries continues
successfully to develop and implement innovative processing
solutions for the recovery of metals and minerals from various
tailings materials. These innovations and progress offer
significant opportunities across the tailings recovery
spectrum.
Further announcements regarding Braemore will be made as and
when appropriate.
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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