Jubilee bags chrome resources

[miningmx.com] – JUBILEE Platinum said it had been awarded rights to
treat platinum dumps on the Dilokong chromite mine in the eastern Bushveld, a
development it claimed was a major advance in its mine-to-metal strategy.

Said Leon Coetzer, CEO of Jubilee Platinum: “This award of contract is a major
advancement in the fulfilment of Jubilee’s mine-to-metal strategy and will facilitate
the company’s medium term mission to install its new direct current arc furnace for
ConRoast”.

“Jubilee’s ConRoast process will be ideally suited to the smelting and refining of the
PGE concentrates recovered from the Dump Tailings and from other chromite ores and
historic dumps of chromite waste. This illustrates the versatility of the ConRoast
process,’ Coetzer said.

The tailings on the Dilokong mine are believed to assay between 3.5 and 4.0 grams
per tonne of platinum group elements (PGEs) and to contain between 90,000 and
100,000 ozs PGEs, Jubilee Platinum said.