Jubilee Metals Regulatory News (JLP)

25 Nov 2005 12:34

Jubilee Platinum PLC25 November 2005 25th November 2005 Jubilee Platinum Plc ("Jubilee" or "the Company") Result of AGM Jubilee announces that at the Annual General Meeting of the Company held todayat 10:00am all resolutions were passed. Chief Executive Colin Bird reported on what has been a very progressive year forJubilee. The Company's focused exploration programmes have been highlyproductive and achieved significant results. Drilling results from Jubilee's flagship Tjate platinum project in the easternBushveld of South Africa have confirmed the presence of the Merensky and the UG2chromitite platinum-bearing reefs, with grade and thickness of reefs consistentwith, and in some cases, exceeding expectations. Colin Bird commented further on the drilling success at the Londokomananaproject in Madagascar which resulted in significant multi-metal intersections.The results demonstrated the intersections carried good grades of a highlyattractive suite of metals - nickel, copper, platinum, palladium and gold - overlarge widths. The Company continues to explore the area to confirm and identifycontinuity and a viable strike length of mineralisation. On 1 November, 2005 Jubilee announced an agreement with BHP Billiton to carryout a large-scale helicopter Versatile Time-Domain Electromagnetics geophysicalsurvey over Jubilee's property at no cost to the Company. In review, Colin Bird reported that he was pleased with the progress made inwhat has been a very productive year for Jubilee, and the Company continues toconsolidate its position across these prospective regions. For further information please contact: Colin Bird Cathy Malins / Annabel LeatherJubilee Platinum plc Parkgreen Communications LtdTel +44 (0) 20 7584 2155 Tel +44 (0) 20 7493 3713 This information is provided by RNS The company news service from the London Stock Exchange