Last checked at 7 Dec 2009 07:00
| SYLVANIA RESOURCES PLC ASX:SLV AIM:SLV Registration number 091 415 968 ISIN AU000000SLV8 ("Sylvania") | JUBILEE PLATINUM PLC AIM: JLP JSE: JBL Registration number 4459850 ISIN GB0031852169 ("Jubilee") |
7 December 2009
Joint Announcement
Successful smelting trials of Sylvania's low grade platinum concentrate by Jubilee Platinum plc ('Jubilee'), SA
Key points
Approximately 99% of the PGM's were recovered. In addition, the high chrome content posed no risks to PGM recovery, safety or smelter performance thereby confirming the applicability of Jubilee's ConRoast DC smelting process to the treatment of low grade PGM concentrates.
In light of these positive results, and the strategic alliance with Jubilee, Sylvania has agreed to trail additional low grade concentrates from other dump operations with Jubilee.
In addition, Sylvania will also trial concentrates produced from the bulk sampling program that will be conducted at its recently acquired Grass Valley Platreef resource in the Northern Limb of the Bushveld Igneous Complex.
Commenting on the developments, Terry McConnachie (Managing Director, Sylvania Resources Limited) said "I'm encouraged by the trials and the developing strategic alliance with Jubilee. The growing interaction between our two groups is yielding a range of value creating opportunities which are being further evaluated. This alliance with Jubilee allows Sylvania to develop a new low cost, low risk platinum business to sit alongside our successful tailings recovery operations".
Colin Bird (CEO Jubilee Platinum) said "This further affirms the application of the ConRoast process to a wide range of concentrates within the Platinum industry. Once proven on a larger scale, this should accelerate the transformation of Sylvania into a mid-tier platinum producer"
For further information please contact:
| Sylvania Resources | Jubilee Platinum |
| South Africa Terence McConnachie Managing Director Tel +27 11 673 1171 Louis Carroll Finance Director/Joint Company Secretary Tel +27 11 673 1171 United Kingdom Richard Brown/ Richard Greenfield Ambrian Partners Limited, Nominated Adviser Tel +44 20 7634 4700 Laurence Read/Beth Harris Threadneedle Communications, Public Relations Adviser Tel +44 20 7653 9855 Australasia Richard Rossiter Non Executive Chairman Tel +61 41 868 8338 Grant Button Director/Joint Company Secretary Tel +61 8 922 64777 | Colin Bird Jubilee Platinum plc Tel +27 (011) 253 3280 Leon Coetzer Braemore Resources plc Tel +27 (0) 87 754 7608 Andrew Sarosi Jubilee Platinum plc Tel +44 (0) 1752 221937 Suzanne Johnson-Walsh Bishopsgate Communications Ltd Tel +44 (0) 20 7562 3350 Brian Christie/Leonard Eiser Sasfin Capital Tel +27 (0) 11 809 7500 Matthew Robinson/ Rose Herbert FinnCap Tel +44 (0) 20 7600 1658 |