JUBILEE METALS GROUP PLC - Investment Programme Delivers Significant Growth Across PGM and Copper Operations

  • Monday, May 16, 2022
  • Source:ferro-alloys.com

  • Keywords:silicomanganese, manganese, market,
[Fellow]JUBILEE METALS GROUP PLC - Investment Programme Delivers Significant Growth Across PGM and Copper Operations

【Ferro-alloys.com】:South Africa

    •   Jubilee’s new and expanded Inyoni Operations (“Inyoni”) is already exceeding design throughput targets reaching 86 000 tonnes per month of chrome and PGM containing run-of-mine (“ROM”) feed, together with 40 000 tonnes of PGM containing historical tailings material, placing Jubilee on course to achieve its PGM ounce production target of 44 000 ounces per annum through its 100% owned
Inyoni alone (previous max design capacity 30 000 ounces), replacing any reliance on existing PGM recovery joint ventures.


    •   The Company’s significantly increased chrome ore beneficiation capacity to in excess of 220 000 tonnes per month (previously 140 000 tonnes per month) of ROM feed and tailings, allows the Company to sharply increase the production of chrome concentrates from the various feed streams as an offset cost to its PGM production costs; Jubilee targets to produce 1.2 million tonnes of chrome concentrate per annum.


    •   Inyoni continuous to ramp-up production rates targeting full production rates during May 2022 and delivered 8 018 PGM ounces from Inyoni operation in calendar Q1 CY2022, an increase of 75% when compared with Inyoni’s average production rate of the previous two quarters despite refilling of the operational pipeline after start-up. With the completion of the ramp-up if Inyoni during May 2022 Jubilee expects to achieve the 43 000 PGM ounce guidance for the financial period end to June 2022.

 

 

  • [Editor:Alakay]

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