HADNT SEEN THIS COURTESY OF ADVFN21 Mar 2019 09:50
"Putting the pedal to the metal
After years of laying the foundations of its metal recovery business, the pace of project execution is speeding up and Jubilee is delivering on its growth trajectory. Early focus has been on the recovery of chrome and PGMs from mine tailings where production is set to increase significantly over the next 12 months, including the recovery of fine chrome, an industry first. However, JLP has bigger ambitions and Kabwe in Zambia will turn the company into a base metal and vanadium producer.
JLP has also been invited into the boardrooms of the major miners to discuss access to the substantial portfolios of mine waste lying at surface. We believe this could be game-changer for Jubilee.
? JLP is the expert. Jubilee is an industry acknowledged leader in the retreatment of tailings,waste, slag slurry and other secondary materials generated from mining operations. This is a wide-reaching metals recovery business and not solely focused on platinum as the company's previous name or legacy suggests. Jubilee has a proven track record of success in the South African PGM and chrome industry, working with some of the industry’s leading companies including Mitsubishi, Northam and Lonmin.
? Robust project pipeline. Hernic PGMs and DCM chrome are in production, the fine chrome plant at DCM has been commissioned (first saleable product Jan 2019), and JLP is preparing to commence PGM production at PlatCro. The recent PlatCro acquisition also secured 80ktpm chrome processing capacity. Near-term projects include implementing fine chrome capability at PlatCro and Hernic, PGM production at DCM and developing the Kabwe Zn-Pb-V project in Zambia. Looking out to FY20, we see PGM and chrome production doubled and maiden production of zinc, lead and vanadium.
? First Mover. JLP is emerging as a world leader in mine waste retreatment with the in-house ability to design, build and execute projects. Jubilee has executed framework agreements with some of the largest mining companies in the industry to access the substantial waste portfolios lying at surface and where remediation is becoming a growing imperative. This has the potential to expand JLP’s production base considerably, whilst diversifying to new metals and giving the company a global reach beyond South Africa. JLP is currently evaluating the huge opportunity presented by mine tailings and slag in Zambia.
? Lower risk profile. JLP sidesteps the high-risk exploration stage of the industry and has no exposure to mining risk. Tonnage and grade variation are known in advance and the company’s processing expertise increases in-situ grades substantially for minimal processing. Furthermore, a typical JLP project has exceptionally low capital intensity and low operating costs ensuring robust margins even in low metal price environments.
? Fine chrome game-changer. JLP has taken a leading position in the recovery of fine chrome with a proven process recovers fine chrome sub 60-
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