Jubilee to increase yearly PGM output by 32% through excess stock partnership
Aim- and AltX-listed Jubilee Metals has signed a partnership agreement with an undisclosed platinum group metal (PGM) producer to process part of the surplus PGM and chrome feedstock generated at Jubilee’s operations in South Africa.
The company started a process to find a partner after ending up with surplus surface stock of PGM-bearing material created as a byproduct when it ramped up chrome production.
Jubilee’s chrome concentrate production had reached a record half-year high of 974 659 t for the six months ended December 31, 2024, on the back of two new commissioned chrome processing modules at the Thutse operations.
The company has opted to partner with an existing PGM producer to process excess stock rather than investing further capital to expand its own PGM capacity.
Under the terms of the 12-month agreement, Jubilee will deliver 18 000 t a month of chrome- and PGM-bearing material to the partner company, with the potential to increase these deliveries to 30 000 t a month.
The increased PGM processing capacity equates to an estimated 11 500 oz/y, assuming a feed rate of 30 000 t a month, which is in addition to the company’s existing PGM processing capacity.
The transactions allows Jubilee to increase its production capacity by as much as 32% – against its 2025 financial year’s production guidance – with no additional capital.
Earnings generated from the project will be shared equally between the partners.
The companies may extend the agreement beyond the initial 12-month term.
Jubilee, meanwhile, continues to operate its Iyoni PGM operations at full capacity.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
