NEWS & MEDIA

Jubilee Platinum PLC – Hernic Project in Production

6 February 2017

Jubilee Platinum PLC
(“Jubilee” or “Company”)

Hernic Project in Production and
Clarification Notice on Outstanding Warrants

Highlights

· First chromite concentrate being produced after the successful tie-in of the Chromite Recovery Plant into the Hernic operational stream.

· Focus now shifts onto the commissioning of the PGM Recovery Plant which is the natural succession of the Chromite Recovery Plant Tailings. The Chromite Recovery Plant forms the feed to the Platinum Group Metals (“PGMs”) Recovery Plant.

Leon Coetzer says:

“I am very pleased that we have achieved the chromite production milestone and we are now busy implementing the commissioning phase of the platinum recovery plant.”

Mine-to-Metals specialist Jubilee Platinum plc (AIM: JLP, AltX: JBL) further wishes to clarify the exercise price and number of outstanding warrants in Jubilee as announced on 3 February 2017.

The inclusion of the warrants priced at 2.0 and 2.5 British pence is as a result of a negotiated settlement agreement against historically issued warrants.

The outstanding warrants in Jubilee are therefore as follows:

Number of warrants

Subscription price

£s

Expiry

625,000

0.02000

31/03/2017

500,000

0.02500

31/03/2017

5,450,000

0.03160

12/08/2018

3,591,742

0.04750

12/08/2018

18,244,825

0.04725

23/03/2019

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

NEXT STORY


Related services

image description

Stockbroking

Stockbroking