bought in after the sunday Business paper tip suggesting blue sky valuation of 52p-170p. highly speculative but looked attractive to me having come back from mid 30's high. any holders out there with views on this or aware of broker price targets, recommendations - a short term punt for me at present which I think will retest old highs but longer term it does look interesting as well.

Jubilee spoilt for choice over concentrator - BY ALLAN SECCOMBE, 25 AUGUST 2016

JUBILEE Platinum wants to make a decision in September on whether to treat platinum-bearing material at a third-party plant or to build its own dedicated concentrator at one of two chrome tailings retreatment projects it will have in production by the end of 2016.

Jubilee has already started extracting chrome from tailings at the Dilokong chrome mine near Steelpoort, upgrading the grade of platinum per tonne of processed material and making a saleable product.

CEO Leon Coetzer said on Wednesday that Jubilee now had the option of generating immediate revenue from the platinum-bearing material by using one of three third-party plants that were on offer or building its own concentrator, leading to a seven-month wait for platinum revenue.

At Dilokong, Jubilee had R400m of platinum in low-grade saleable material, but it wanted to raise the concentration of the metal in the material to realise a higher price for it, he said.

It would be silly of the Jubilee board not to consider a third-party concentrator when there was excess capacity available and financial terms that looked promising, he said.

In the year to date, Jubilee has generated R14m in attributable earnings from the Dilokong project by selling 25,000 tonnes of chromite concentrate.

Jubilee is building a second chrome and platinum plant at Hernic’s chrome mine near Brits in the North West and plans to commission it in December 2016. Combined with the Dilokong tailings project, Jubilee will generate 40,000oz of platinum group metals (PGMs) a year and 200,000 tonnes of chrome ore. The Hernic plant will deliver 31,000oz of PGMs in concentrate.

The two projects could generate operational cash flow of $12m a year at a platinum price of $1,250/oz. The combined capital cost of both projects was R290m.

Jubilee was looking at two further tailings projects to add to its suite of projects, Coetzer said, adding that the company hoped to receive its mining right in 2016 from the Department of Mineral Resources for its Tjate deposit to the north of Steelpoort.

Once it had the mining right for Tjate, which has a resource of 44-million ounces of PGMs, Jubilee would see a development partner for building a mine and concentrator.

"The Jubilee you see now is not the Jubilee you’ll see in 2017," said Jubilee chairman Colin Bird.

Jubilee provides detail on upcoming projects Chrome proving to be a significant business for the platinum producer.
Sungula Nkabinde | 25 August 2016

Although the company remains a platinum exploration and mining company, chrome is now a significant part of Jubilee Platinum’s core business. This is what the company indicated during an update on its platinum surface processing plant projects on Wednesday, where they admitted that the outperformance of its plant at Dilokong Chrome Mine (DCM), was a welcome surprise that forced it to become a chrome producer as well.

Extracting chrome is a critical element of the platinum process, but what was unexpected was the sheer quantity of value that the material would add to the company, having increased month-on-month earnings by 30% to R5.1 million in July 2016.

“The earnings for that project are significantly higher than we predicted, not only for the reason that we are running more efficiently,” said Jubilee CEO Leon Coetzer, “but also because of the agreement we reached with ASA mines to assist their operation, which allowed us to secure a higher percentage of the chrome value for Jubilee’s earnings compared to what was originally agreed when the transaction was announced last year and the main source of income would have been from the recovery of platinum only.”

Jubilee has completed the construction of its 25 000-tonne-per-month (tpm) processing unit but has also secured exclusive rights to utilise the existing chrome recovery circuit at DCM. The company now has access to a large chrome beneficiation circuit and has seen that project more than treble in size and revenue within two months of commissioning.

The combined capacity allows Jubilee to process up to 45 000 tpm of tailings from third-party mining operations to produce chrome and the discard from that process will allow them to recover further platinum material. Coetzer said the fact that they were essentially turning a mine’s rubbish into saleable chrome and platinum made the plant a low capital, high margin business model that the company intends to expand upon moving forward.

The Hernic Plant

The major project, which is expected to be commissioned by the end of the year, will be the world’s largest platinum recovery plant using chrome tailings. It will be at Hernic Ferrochrome Mine in the North-West and is expected to deliver 33 000 ounces of platinum group elements (PGEs) per annum. Although the target is year-end, Coetzer said that timeline was for the platinum recovery process, meaning that the chrome recovery process will have begun before that.

“We first have to remove the chrome (from the surface tailings) to produce a chrome concentrate that is then sold as a final product, prior to recovering the platinum” said Coetzer.

Jubilee Chairman Colin Bird, expressed confusion at the market, which seemingly has not priced in the value of the chrome business, which essentially, would generate enough earnings to cover the full operating costs of the platinum recovery operations.

Jubilee’s share price has not changed in the last seven weeks, but has dropped 25% in the last six months to 63 cents per share.

Said Bird: “This situation has changed so dramatically in our favour that I have difficulty understanding what the problem is. We are now getting money much earlier. We are stockpiling a stack of money, and deferring expenditure… I have difficulty getting around the fact that the market doesn’t seem to appreciate that we are now getting rewarded from something that is a by-product of what is the core function of the business.

Tjate Platinum mine

Having completed exploration drilling at its Tjate Platinum operation, which is adjacent to Anglo American Platinum’s Twickenham mine and Impala Platinum’s Marula mine, the company is still waiting to be awarded a mining right. The property covers 5 140 hectares on three farms and has a resource with 44 million ounces of PGEs and gold attributable to Jubilee.

“We are now waiting for the frustratingly slow administrative process (for getting the mining right) to be complete, so that we can take that project forward,” said Coetzer, adding that he hoped the process would be completed by the end of the year.

Already on the up and plenty of buys to justify the rise
already stronger on the bid by the no. of MMs and also paying almost full offer, so should be soon on the move up again

3.725 +0.075 (+2.05%)

Nicely moving forward for the last few days

StockMarketWire.com
Mine-to-metals specialist Jubilee Platinum, on behalf of its subsidiary, Jubilee Tailings Treatment Company, has issued a performance, operational and financial update of its chrome recovery section of the Dilokong chrome mine tailings project.

Highlights
DCM Project
- Chromite concentrate production up 7.86% to 10 430 tons for the month of August 2016 compared with July 2016

- Expansion of new tailings deposit area after removal of chrome has commenced to allow for further increase in Chrome production from processing of surface material. Expected to be completed over 3 months.

- Project revenue generated from chromite concentrate sales up 7.02% to £0.737 million for the month of August 2016 compared with July 2016 (ZAR 13.15 million, 9.47% increase)

- Chromite project earnings up 8.37% to GBP 0.559 million for the month of August 2016 compared to July 2016 (ZAR 9.98 million, 10.86% increase)

- Earnings attributable to Jubilee for the month of August 2016 from chromite concentrate production up 7.11% to £0.314 million (ZAR 5.6 million, 9.57% increase) compared with the month of July 2016

Hernic Project
- Construction of the 660 000 tons per annum platinum and chromite processing plant continues to progress to schedule targeting commencement of commissioning in December 2016

- Project Capital expenditure to date of £7.2 million (ZAR 127, 8 million) equivalent of 65% of total projected capital. This is commensurate with the percentage project completion

Chief executive Leon Coetzer said: "The DCM Project continues to achieve exceptional performance both in terms of revenue and earnings from chromite concentrate sales as well as operational performance. The month of August has shown further improvements from the stable operations achieved in July.

I am very pleased with the progress made on the construction of the Hernic project which remains on schedule and in budget. We refer shareholders to our website for updated project pictures of the construction site."

sold @3.51 16.12.16 wash me face. i would like to wash me face a bit more
faced with 1bn + shares in circulation 4p is not on the table, metal prices to stik
a buy below 3p. BB

Jubilee Platinum’s 96% upside - By Alistair Strang | Wed, 8th March 2017 - 09:27

AFC Energy's (AFC) potentials appears to have been well received but we doubt our immediate thoughts on Jubilee's immediate prospects will make folk terribly happy.

Essentially, should Jubilee Platinum (JLP) mid-price now trade below 5.575p, we'd anticipate coming weakness toward 4.75p.

While this is not scary, the influence of the 'red' uptrend hopefully will provoke a bounce as movement below 'red' enters the danger zone as we're showing 3.1p as possible.

However, we'd prefer to exhibit some optimism here as the big picture doesn't suck.

The recent spike to 7.5p was fairly significant, showing a "higher high" and now suggesting closure above 6.5p should herald growth toward 8.25 initially, with secondary a very probable 10.75p.

It makes us suspect any near term shenanigans toward 4.75p can probably be regarded with favour as a potential entry point.

New RNS out boyo , seems good .

StockMarketWire.com
Mine-to-Metals specialist Jubilee Platinum has executed a framework and processing of tailings agreement with PlatCro Proprietary Limited.

Jubilee said it had acquired rights to 1.25 million tonnes of new platinum-bearing surface material at estimated grade of 2.7 g/t 4E PGMs (platinum, palladium, rhodium and gold) as well as all future platinum bearing material processed at the PlatCro.

Existing surface material is estimated to be 1.25 million tonnes at an estimated grade of 2.7 g/t 4E PGMs.

Jubilee said the acquisition was targeted to add 14 000 oz PGMs annually to its existing PGM production from tailings and 3rd ore and placed the company's production trajectory at stable operations at 50 000 oz PGMs per annum with no exposure to deep level mining.

Jubilee said it would acquire PlatCro's existing surface material for a total consideration of £3.13 per tonne of surface material remaining after the on-going further recovery of chromite from the surface material by PlatCro.

Chief executive Leon Coetzer said: "I am particularly pleased with this acquisition which together with our existing platinum and chrome projects demonstrates that our long-term efforts are accruing credibility within our industry and adding to shareholder value.

"At stable operations the combined projected output from our projects is now targeting 50 000 oz PGMs per year from tailings resources, which do not attract the burden and risk of hard rock mining.

"Our object is to process the material in the short-term and utilise the cash flow from these operations to further advance our mission.

"We continue to aggressively pursue further similar opportunities."

£ 50 rev in the future, need to go back in the future can't find the gigawatts. BB

RNS out and results and more info Friday . They are now a producer .

5.40p +0.30 5.88%

As Platinum has been rising lately, share price has eventually doing much the same, after a flat bottom on thee chart

Let's hope some good news coming shortly .

Are we ready for the big push?

The chart say so now
What else can do that to happen ..........

"Placing done.
Hernic producing
ASA cash generative
Two more projects underway
First Platinum produced at Hernic last week
JV being sought fir Tjate
Anglo told to get stretched re Quartzhill as M/R makes their offer look ''SILLY''
HERNIC debt 22% repaid from ASA earnings
Hernic within budget"
Should be debt free in the Autumn

The video on YouTube from the CEO at investors show:
this was a very positive presentation, showing great progress in production, revenues, and new opportunities coming to the fore

CEO presentation at Investors show

Market Update-Highlights

HERNIC
· First commercial platinum concentrate production in March 2017 with production ramp-up continuing

· Platinum concentrate achieving 100g/t 4E PGMs (platinum, palladium, rhodium and gold)- 20% above contractual grade

· Targeting steady state production of 1100 tonnes of platinum concentrate per month

· Full design throughput expected to be reached during June 2017 on completion of the hydraulic-mining process to reclaim the feed material from the surface platinum stocks.

DILOKONG CHROME MINE
· Earnings attributable to Jubilee for Q1 2017 from chromite concentrate production up 10.87% to GBP 0.408 million (ZAR 6.66 million) compared with Q4 2016

· Chromite concentrate production reached 14 973 tonnes and production rates have been restored to previous levels following successful expansion of the new tailings facility

PLATCRO
· Jubilee executes the first payment of GBP 1.16 million (ZAR 22.8 million) as an upfront payment of all related future royalties to the PGMs. The payment was funded from the proceeds of a placing recently concluded by Jubilee as announced on 17 March 2017. The existing surface material at PlatCro is estimated at 1.25 million t with an estimated grade of 2.7 g/t 4E PGMs. The payment secures Jubilee the sole right to future earnings from the platinum-bearing material.

LEIGH CREEK COPPER MINE PROJECT
· Jubilee is finalising its due diligence ("DD") on the Leigh Creek Copper Mine ("LCCM") project

· Completion of the DD is expected by the end of May 2017.

TJATE DEVELOPING MINE PROJECT
· Tjate notarially excutes the granting of its Mining Right

· Commenced review of the project's mine works program and associated technical design criteria.

Leon Coetzer, Chief Executive commented:
"I am very pleased with the progress being made in all aspects of the company's performance including project build, operations and new business development.

I am particularly gratified with the way our team tackled the Hernic project, which was delivered on time and budget. The scale of the Hernic Project represents a real challenge as a small developing company and the outcome demonstrates our readiness to embark on other similar size or larger projects. The commissioning and ramp-up of the Hernic chromite and platinum recovery plant has shown great progress reaching 74% of designed throughput. We look forward to ramping up production to full capacity over the coming weeks as we bring on-line the final processing unit which is the hydraulic mining of the feed material. Already the platinum and chrome processing plants have met the commercial specifications for both the platinum and chrome concentrates produced.

The DCM project is again producing back at its previous levels following the commissioning of the expanded tailings storage facility for the enriched platinum material. Our new PlatCro PGM project has advanced with the first upfront payment being made for the PGM' related royalties. The payment secures Jubilee the sole right to future earnings from the platinum-bearing material. The final payment will fall due once regulatory approval is received to commence processing of the platinum-bearing material.

Our due diligence of the Australian-based surface copper project is concluding soon with final review of the schedule bulk trials underway. The project offers the potential of a rapid project start-up to commence producing copper from at and near surface resources, leveraging off Jubilee's processing expertise.

The significant milestone reached with the Tjate platinum project continues to demonstrate our aggressive pursuit to continuously advance the Company's mission of a Mines to Metals Company while growing shareholder value. The project scope and linked mine work program for the Tjate project is being updated which will define the development strategy for the project.

Our new business development is advancing at an encouraging pace and we are confident that we can make further acquisitions to complement our existing projects and extend our brand and capabilities into other global surface projects."

4.15p +0.45p

US$50m project funding agreement executed ("Agreement")

Highlights
· Jubilee executes a US$50 million project funding agreement in support of its growth strategy for its metals recovery business
· The project funding is structured at project level to minimise dilution and enhance Jubilee shareholder value
· Jubilee is now set to accelerate its expansion into the extraction of metals not recovered at the first processing path reaping significant benefit
· Jubilee targets to capitalise on its internally developed and proven process excellence
· Combination of secured funding and a proven track record secures Jubilee in pole position in the reprocessing arena

OVERVIEW
The objectives of our Metals Recovery Strategy are threefold:

- Secure low risk, low capital intensive, long-term commodity production from mine waste at an attractive point on the global cost curve by using advanced, environmentally sustainable metal recovery techniques;
- Diversify across multiple commodities including platinum, cobalt, copper and gold to hedge income risk and to align with global trends; and
- Rehabilitate the adverse footprint left by legacy mining in accordance with International Environmental Standards.

The key features of the Agreement are: -

· Funding will be provided at project-level directly to the Jubilee project subsidiary by RiverFort
· US$50 million pre-approved debt funding targeting multiple surface based metal recovery projects based on established individual project criteria
· The funding commitment is for an initial 33-month period with the flexibility for mutual extension
· In recognition of the funding commitment, RiverFort has been granted the right to exercise a 2.5% maximum preference equity stake in the subsidiary Jubilee Processing

Leon Coetzer, CEO of Jubilee, said:

"The execution of the funding provision is a key enabler towards unlocking a significant portion of the very large global potential that exists in the reprocessing of surface materials.

It said the project funding was structured at project level to minimise dilution and enhance Jubilee shareholder value and it was now set to accelerate its expansion into the extraction of metals not recovered at the first processing path reaping significant benefit.

from Proactive Investors

Jubilee Platinum executes US$50mln project funding

Pre-approved debt funding is being injected at project level directly, by investment group RiverFort Capital Group.

The company highlighted that the deal is structured at project level to minimise dilution and enhance shareholder value.

Pre-approved debt funding is being injected at project level directly, by investment group RiverFort Capital Group. The funding commitment is for an initial 33-month period.

“The execution of the funding provision is a key enabler towards unlocking a significant portion of the very large global potential that exists in the reprocessing of surface materials,” said Leon Coetzer, Jubilee chief executive.

TOP STORIES

He added: “The key to unlocking this potential, is the combination of our specialists' team with our historical expertise in metals extraction technology.

“This enables us to implement suitable mineral and metal extraction solutions through the use of state-of-the-art, environmentally friendly and sustainable technologies, for which Jubilee Processing is renowned.”

Coetzer highlighted that Jubilee has identified a significant pipeline of these resources with cash generative potential, and the company is carefully ranking these projects to pursue them in the short term.

Small Caps Request Show: - By Zak Mir - August 9, 2017, 10:49 am

Jubilee Platinum (JLP):

Apparently, there has been a recovery of late in the Platinum price, something which Donald Trump’s “fire and fury” on North Korea
can only help, as long as of course we are not all irradiated. Looking at the daily chart of Jubilee Platinum it can be seen how the stock
has been bumping along the bottom of a wide rising trend channel which has been in place since the beginning of the year.

The message currently is that even though the stock has gapped up well through the rising 200 day moving average – a decent signal
for aggressive bulls, it may still be worth waiting on a weekly close through sticky resistance at 5p before cautious traders feel
they can press the buy button. The upside through 5p is seen as being a rather obvious March resistance retest around 7p.

Funding... All very well, but the details are not forthcoming...what are the Terms and penalties . . . mining and Metal-prices being particularly risky... even if they aren't digging a hole, there may be complete rubbish further into the heap. We are told there is little dilution, yet no-one provides $50m of funds without getting a substantial position and reward..... here again JLP has shown itself to be waiting until the last moment to get a move-on.... which they could have done via a Placing....Oh yes that's too expensive... well not if the Story is believable. However, I shall wait and see . . . The current sp is 4p.... quite a miserable level, compared with years ago.