[miningmx.com] – JUBILEE Platinum is considering an offer to toll treat some 40,000 tonnes of platinum-bearing ore at the facilities of Platinum Australia, a firm it is buying, said BDLive.
If it proceeds with the offer, Jubilee Platinum, which has shares listed on the JSE, will be able to part finance the recommissioning of Platinum Australia’s PhokoThaba, an operation in Steelpoort, and crucial to the buy-out of the company.
“Processing third-party material has the potential effect of both significantly reducing the funding required to bring the PhokaThaba mine into full operation as well as funding the majority of the working capital requirement by generating early revenues from toll processing,” Coetzer told BDLive.
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