JUBILEE Metals’ Hernic platinum group metal (PGM) project reached 2,500 PGM ounces for the first time and would benefit from increased prices for palladium and rhodium, the company said in a market update.
“It is very gratifying to see our Hernic project deliver and exceed even on its stretched design targets so early in the project’s life cycle. The project has breached, for the first time, 2,500 PGM ounces produced in a single month,” said Leon Coetzer.
“This strong performance continues to favour Jubilee to benefit from the strong palladium and rhodium prices which forms part of the PGM basket produced at Hernic,” he said.
The current Q4 is yet another exciting period for Jubilee with the expected commissioning of the state of the art Dilokong Fine Chrome project as well as the PlatCro PGM project.”
Jubilee Metals is also developing the Kabwe Project, a lead, zinc and vanadium project in Botswana.
