[miningmx.com] – JUBILEE Platinum said funding for the construction and commissioning of proposed platinum re-treatment facilities with “a large international banking institution” was well advanced.
“The funding has received credit committee approval and final confirmation of the due diligence is expected to be concluded in the near term,” the company said in comments to its annual results ended June.
In the interim, the company would proceed with the construction of its first platinum surface project, the Dilokong Chrome Mine, which is estimated to contain in excess of 950,000 tonnes of platinum-chrome-containing material.
