Any holders out there - there's some buying going on.....

Hi all Latest release looks good

Jubilee Platinum PLC
04 January 2006



JUBILEE PLATINUM PLC
('Jubilee' or 'the Company')

Drilling and Exploration Update from Londokomanana project in Madagascar

Jubilee reports significantly higher nickel grades in northern section of
Londokomanana


Jubilee announces the results of its first borehole ANT1 drilled in the
Antsahabe property, in the northern part of the Londokomanana concession ('
Londokomanana') in Madagascar.



Highlights


Borehole ANT1 intersects 48 metres total (apparent thickness) of
multi-layered high-grade nickel-copper sulphide mineralisation close to
surface (estimated to be 15 metres below surface)


Bulk mining weighted average grades up to 0.64% nickel and 0.13%
copper (total copper equivalent of 2.0%) with in situ gross metal values
('GMVs') (nickel plus copper) from US$70 to U$90/tonne of rock. (Nickel
values previously reported in Lavatrafo were between 0.26% to 0.52% )


Intersections include 5 metres at 1.0% nickel, 1.7 metres and 1.0
metre both at 2.1% nickel with total copper equivalents ranging from 3.3%
to 6.2% and GMVs from US$146 to US$278/tonne of rock (at today's prices*)


The full results from the drill core from collar to 122 metres below surface are
appended and the results of the significant mineralised intercepts are shown in
Table 1 below:


Table 1 Grade of mineralised intercepts borehole ANT1


From metres To Intercept Copper In-situ GMV US$
/t
Metres (apparent) metres Nickel Copper Equivalent

% % %
17.2 44.5 27.3 0.64 0.13 2.0 91
54.2 71.8 17.6 0.60 0.12 1.9 85
76.6 80.9 4.3 0.53 0.11 1.6 74
21.5 26.5 5.0 1.05 0.20 3.3 146
33.6 34.6 1.0 2.09 0.14 6.2 278
60.1 61.8 1.7 2.06 0.09 6.1 273

*Prices used: Nickel - US$13,000/t Copper - US$4,500/t


Colin Bird, CEO of Jubilee, said: 'This is a very pleasing result and the nickel
grades are strong for a bulk mining target. These base metal values compare
favourably with similar projects world-wide. Our objective is now to confirm a
significant strike length in order to establish a resource to support a large
bulk mining operation.'



The Antsahabe property includes some 22 kilometres of geophysical and
geochemical anomalies, which were identified through previous geochemical and
geophysical exploration by Jubilee in the area. The Company undertook test
drilling at Antsahabe in order to confirm the continuity of mineralisation in
the estimated total 35 kilometres of formations at Londokomanana (north and
south).



Jubilee also updates on the drill programme at its Lavatrafo property. The
Antsahabe deposit is part of the northern unit, whilst Lavatrafo lies in the
southern part.



The drilling programme in the Lavatrafo formation included several lithological
boreholes, the results from which closes the northern end of this formation and
has delineated to date a 360-metre strike length of
copper-nickel-platinum-palladium mineralisation to the south.



Further south, the Company carried out detailed dipole-dipole geophysics
followed with more extensive geochemical sampling over potential new formations
in the area, which the Company had identified from earlier trench sampling.
These results will be reported as soon as they become available.



The Londokomanana concession is held by Jubilee's 85% owned subsidiary Mineral
Resources of Madagascar Sarl, and is located approximately 150 kilometres north
of the Madagascan capital Antananarivo.



Set Point Laboratories (ISO 17025 and SANAS Accredited) in Johannesburg, South
Africa carried out the analyses of the borehole core samples. Quality assurance
in place currently comprises of standards, blanks and check samples making 10%
of samples submitted.



For further information please contact:


Colin Bird Cathy Malins / Annabel Leather
Jubilee Platinum plc Parkgreen Communications Ltd
Tel: 07768 397 627 Tel +44 20 7493 3713


Appendix 1 Antsahabe drilling results - Borehole ANT1


Sample From To Interval Nickel Copper

no. metres metres metres % %
A1401 0.00 2.05 2.05 0.06 0.02
A1402 2.05 4.02 1.97 0.04 0.02
A1403 4.02 4.7 0.68 0.02 0.01
A1404 4.70 5.26 0.56 0.03 0.01
A1405 5.26 6.79 1.53 0.02 0.01
A1406 6.79 7.79 1.00 0.04 0.01
A1407 7.79 8.79 1.00 0.03 0.01
A1408 8.79 9.79 1.00 0.04 0.01
A1409 9.79 10.79 1.00 0.05 0.01
A1411 10.79 11.79 1.00 0.04 0.02
A1412 11.79 12.62 0.83 0.04 0.01
A1413 12.62 13.32 0.70 0.05 0.00
A1414 13.32 13.79 0.47 0.05 0.02
A1415 13.79 14.96 1.17 0.13 0.03
A1416 14.96 15.69 0.73 0.14 0.03
A1417 15.69 16.65 0.96 0.14 0.04
A1418 16.65 17.18 0.53 0.08 0.03
A1419 17.18 17.88 0.70 0.34 0.06
A1421 17.88 18.62 0.74 0.14 0.03
A1422 18.62 19.51 0.89 0.32 0.07
A1423 19.51 20.86 1.35 0.04 0.01
A1424 20.86 21.47 0.61 0.69 0.12
A1425 21.47 22.47 1.00 1.00 0.18
A1426 22.47 23.47 1.00 1.00 0.22
A1427 23.47 24.47 1.00 1.01 0.19
A1428 24.47 25.47 1.00 1.10 0.25
A1429 25.47 26.47 1.00 1.15 0.23
A1431 26.47 27.47 1.00 0.70 0.18
A1432 27.47 28.47 1.00 0.28 0.05
A1433 28.47 29.47 1.00 0.47 0.03
A1434 29.47 30.47 1.00 0.46 0.14
A1435 30.47 31.47 1.00 1.29 0.09
A1436 31.47 32.47 1.00 0.82 0.09
A1437 32.47 33.58 1.11 0.87 0.32
A1438 33.58 34.58 1.00 2.09 0.14
A1439 34.58 35.58 1.00 0.77 0.18
A1441 35.58 36.58 1.00 0.07 0.13
A1442 36.58 37.55 0.97 0.52 0.00
A1443 37.55 38.39 0.84 0.42 0.01
A1444 38.39 38.62 0.23 0.99 0.09
A1445 38.62 39.62 1.00 0.32 0.15
A1446 39.62 40.76 1.14 0.22 0.37
A1447 40.76 41.36 0.60 1.30 0.05
A1448 41.36 42.2 0.84 0.31 0.03
A1449 42.20 43.02 0.82 0.09 0.20
A1451 43.02 43.52 0.50 0.08 0.01
A1452 43.52 44.52 1.00 0.52 0.00
A1453 44.52 45.52 1.00 0.07 0.01
A1454 45.52 46.52 1.00 0.07 0.09
A1455 46.52 47.52 1.00 0.05 0.02
A1456 47.52 48.55 1.03 0.05 0.02
A1457 48.55 48.76 0.21 0.03 0.01
A1458 48.76 49.7 0.94 0.13 0.01
A1459 49.70 50.53 0.83 0.33 0.01
A1461 50.53 51.43 0.90 0.05 0.09
A1462 51.43 52.18 0.75 0.04 0.00
A1463 52.18 52.82 0.64 0.04 0.01
A1464 52.82 53.11 0.29 0.03 0.01
A1465 53.11 54.33 1.22 0.06 0.01
A1466 54.33 54.81 0.48 0.04 0.01
A1467 54.81 56.14 1.33 0.15 0.01
A1468 56.14 56.41 0.27 0.07 0.01
A1469 56.41 56.88 0.47 0.13 0.03
A1471 56.88 57.69 0.81 0.10 0.03
A1472 57.69 58.25 0.56 0.27 0.00
A1473 58.25 58.83 0.58 0.43 0.03
A1474 58.83 60.12 1.29 0.36 0.05
A1475 60.12 61 0.88 2.13 0.11
A1476 61.00 61.78 0.78 2.00 0.06
A1477 61.78 62 0.22 0.27 0.60
A1478 62.00 62.38 0.38 0.64 0.72
A1479 62.38 63.19 0.81 0.57 0.09
A1481 63.19 63.92 0.73 0.73 0.10
A1482 63.92 64.46 0.54 0.68 0.00
A1483 64.46 65.43 0.97 0.93 0.18
A1484 65.43 66.61 1.18 0.39 0.13
A1485 66.61 67.66 1.05 0.08 0.23
A1486 67.66 68.09 0.43 1.26 0.12
A1487 68.09 68.56 0.47 0.11 0.02
A1488 68.56 69.98 1.42 0.51 0.29
A1489 69.98 70.29 0.31 0.10 0.03
A1491 70.29 70.83 0.54 1.47 0.30
A1492 70.83 71.78 0.95 0.33 0.07
A1493 71.78 72.78 1.00 0.05 0.01
A1494 72.78 73.78 1.00 0.04 0.01
A1495 73.78 74.61 0.83 0.04 0.01
A1496 74.61 75.61 1.00 0.03 0.01
A1497 75.61 76.61 1.00 0.06 0.01
A1498 76.61 77.23 0.62 0.18 0.05
A1499 77.23 78.23 1.00 0.31 0.07
A1501 78.23 79.14 0.91 0.81 0.14
A1502 79.14 80.37 1.23 0.27 0.06
A1503 80.37 80.91 0.54 1.43 0.32
A1504 80.91 82.06 1.15 0.09 0.02
A1505 82.06 83.3 1.24 0.06 0.01
A1506 83.30 84.52 1.22 0.61 0.15
A1507 84.52 85.52 1.00 0.17 0.04
A1508 85.52 86.52 1.00 0.07 0.02
A1509 86.52 87.55 1.03 0.06 0.01
A1511 87.55 88.53 0.98 0.28 0.07
A1512 88.53 89.53 1.00 0.09 0.02
A1513 89.53 90.53 1.00 0.07 0.01
A1514 90.53 91.45 0.92 0.08 0.02
A1515 91.45 92.45 1.00 0.19 0.05
A1516 92.45 93.45 1.00 0.12 0.03
A1517 93.45 94.45 1.00 0.17 0.04
A1518 94.45 95.45 1.00 0.21 0.05
A1519 95.45 96.45 1.00 0.13 0.03
A1521 96.45 97.45 1.00 0.10 0.02
A1522 97.45 98.45 1.00 0.24 0.06
A1523 98.45 99.45 1.00 0.11 0.03
A1524 99.45 100.45 1.00 0.11 0.03
A1525 100.45 101.45 1.00 0.08 0.02
A1526 101.45 102.45 1.00 0.07 0.02
A1527 102.45 103.45 1.00 0.08 0.02
A1528 103.45 104.45 1.00 0.08 0.02
A1529 104.45 105.45 1.00 0.08 0.02
A1531 105.45 106.45 1.00 0.07 0.02
A1532 106.45 107.45 1.00 0.08 0.02
A1533 107.45 108.45 1.00 0.08 0.02
A1534 108.45 109.61 1.16 0.08 0.02
A1535 109.61 110.61 1.00 0.07 0.02
A1536 110.61 111.98 1.37 0.03 0.01
A1537 111.98 112.98 1.00 0.04 0.01
A1538 112.98 113.98 1.00 0.03 0.01
A1539 113.98 115.74 1.76 0.02 0.00
A1541 115.74 116.16 0.42 0.02 0.00
A1542 116.16 117.55 1.39 0.03 0.01
A1543 117.55 118.56 1.01 0.02 0.00
A1544 118.56 118.93 0.37 0.02 0.00
A1545 118.93 119.8 0.87 0.03 0.01
A1546 119.80 120.71 0.91 0.04 0.01
A1547 120.71 122.34 1.63 0.04 0.01

All the best for the new year

loadsa

Here we go - not sure exactly why, but do I care !!

Yes.

Nice isn't it.

I don't know why either but who cares.

Somebody knows why? 600,000 in decent buys!!

So there are.

Intriguing

Hello poo, didn't realise that you were into these as well. What a nice day - ahead strongly on good volume. Does someone have wind of an announcement? There must be a reason for such a strong performance today.
Happy days.

Hi Pondy.

Oh yes.

Seems there was a comment in the Telegraph but non specific in relation to JLP.

Only other thing I can think of is that the price was down long enough for the those who wanted, to buy what they wanted, and now it's going where it should have gone after the last news.

I knew you were on them as I saw you on the other channel.

The Board of Jubilee Platinum plc (the 'Company') received notification today,
in accordance with part IV of the Companies Act 1985, that there has been a
change in the holding of Fidelity Management and Research Company (FMRCO) in the
company's equity. Prior to the change, FMRCO held 4,072,421 shares
(representing 5.26% of the company's share capital). FMRCO currently own
4,967,721 shares in Jubilee Platinum plc, representing 6.42 % of the issued
share capital of the company.

Excellent start to the year, more strong buying today and sp rise.
JLP has so much potential as we've stated from the <40p days and IMO this sp will be over 100p during this year. Well done to those who stuck with it.
What will happen to the sp on next good news??

Andy,

well done on these, unfortunately I took profits early last week, should have waited, but that's life. Good to see you onboard VML also.

all the best

pth

Pete, nothing wrong with taking profits, I took my 50% profit on EME this week, only time will tell if a good move or not.

Hey'all,

Good to see people sticking with this - those holding fromsub 40 days are sitting on a nice profit, and patience will prove very worthwhile. IMHO, I think we can see 100p plus within the year, as Andy mentions. The drilling results have been great and I think we'll see 80p hit today....

Sooner44

I'm still in from sub 40p and enjoying the ride!!

I like the 'sum of the parts' estimate of 216p per share. I think that I'll be hanging on to these for the ride. If we get half way close to 216 it should make us all happy. If I held a lot more of these it would compensate for the beating I've taken on BUR today. The market giveth and the market taketh away.

Hi PondLife - I know the feeling. I have been hit on BARC today, and missed the chance to top when sub600 the other day. But hey, things come things go. At least this is looking cool. We didn't the hit the 80p mark, but maybe tomorrow. There's some good movement daily, and a strong finish to the week would be nice.

Enjoy the ride...

What do we think to this then chaps?

Jubilee today announces that it has agreed terms for a Joint Venture with MSA
Projects (Pty) Ltd ('MSA'), which will allow the Company to earn a minimum of
70% interest in the prospective Grass Valley Platreef project in the northern
limb of the Bushveld Complex. The earn-in option is valid over a period of 33
months, mainly through the funding of exploration by its wholly owned subsidiary
Windsor Platinum Investments (Pty) Limited ('Windsor') and the staged issuing of
Windsor shares to MSA.


Highlights

Jubilee acquires option to earn-in to a 70% interest in the Grass Valley
platinum group metal (PGM) project in the northern limb of the Bushveld
Complex

The 663 hectares project, represents possibly the last remaining
untested block of Platreef ground in the Bushveld Complex

Five kilometres of potential Platreef identified in outcrop

The project is located between exploration successes including the War
Springs, Rooipoort and Volspruit deposits

Open-pittable PGM deposits predominate on the Platreef

The project has Prospecting Rights and is drill ready

The terms of the Joint Venture give Windsor the right to undertake an
exploration programme including drilling, for which prior to commencement
Windsor will pay MSA ZAR140,000 and Jubilee will grant MSA a five-year option,
from date of the issue of the prospecting right, to subscribe for 500,000 shares
in Jubilee at the share price plus 15% prevailing at the time of subscription.
After commencement of exploration, Windsor will earn-in to up to a 70% interest
in the project by funding the programme in stages and by the issuance of Windsor
shares to MSA. The issue of Windsor shares to MSA will depend on the level of
exploration funding committed by Windsor and the technical/commercial success of
the various exploration stages. MSA will have the right to convert the Windsor
shares to Jubilee shares up to a maximum of 5,500,000 Jubilee shares.

Jubilee and MSA support both the philosophy and intentions of the Mineral and
Petroleum Resources Development Act (MPRDA) and the Mining Charter of South
Africa and the agreement makes provision for a suitably qualified Black Economic
Empowerment partner.

Colin Bird, Chief Executive for Jubilee said: 'This position is a major step
towards securing an open-pittable resource in the northern limb of the Bushveld
Complex. The strike length of this resource is considerable and we intend to
progress work on this target quickly. Soil geochemistry on the property and the
mineralisation on the surrounding farms indicate a drill ready target. The
shares issued to MSA will be against project success and thus for the Company
there is significant mitigation of both technical and financial risk.'

The 663 hectares Grass Valley Platreef project, which represents possibly the
last remaining untested block of Platreef ground in the Bushveld, is situated
just south of Mokopane (formerly Potgietersrus), squarely between the Platinum
Group Metals' War Springs deposit, Caledonia's Rooipoort deposit and the Pan
Palladium Volspruit deposit.

Approximately 5 kilometres of potential Platreef outcrop have been identified
through a geochemical soil-sampling programme undertaken by MSA during 2004. A
comprehensive diamond-drilling programme is currently being designed to drill
test these anomalies and will form the basis of initial resource estimates. The
initial phase of diamond drilling is planned to start during the first quarter
of 2006.

The Platreef is a wide platinum bearing reef occurring along approximately 100
kilometres of outcrop on the northern limb of the Bushveld Complex. This open
pittable reef zone has been the focus of significant and well publicised
exploration during the past five years, with companies such as Angloplats,
Anooraq, Ivanhoe, Platinum Group Metals, Pan Palladium and Caledonia having
embarked on extensive and successful drilling programmes in the zone.

One of the major benefits of this wide reef zone in general is that, in addition
to significant contained platinum and palladium, there is also substantial
associated nickel and copper credits, making the Platreef an exciting, low-cost,
polymetallic prospect.

Looks good to me. Another prospect delivered by a company with a good track record. JLP looks better every day.

JLP is looking perky today :-)

JLP has been on a stunning run of late, including breaking through the psychological 1 barrier today. I hadn't posted as I didn't want to jinx it! But the news regarding the joint venture with Impala Platinum Holdings seems to have done it anyway. The sp has bombed on the news but I can't see why. Any thoughts?

Sell on the news? Clearly the deal was already in the price.