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

StockMarketWire.com
Jubilee Platinum has reached a key milestone in the start of processing of the platinum-bearing Dilokong chrome mine tailings by concluding a funding arrangement to meet the working capital requirement.

Jubilee is targeting to commence processing within the next three months based on expected time lines to re-commission the processing plant.

The funding arrangement includes both debt and equity. The debt component was secured following due diligence by the investor on the earnings potential of the processing of the DCM tailings, which allowed Jubilee to reduce the equity funding requirement.

The funding arrangement includes a debt offering of $10m, of which Jubilee will initially only access $750,000, the amount required to commence processing of the DCM tailings.

As part of the funding arrangements, Jubilee has entered into a subscription agreement with YA Global Master SPV Ltd, whereby YAGM will subscribe for 14,204,544 new ordinary shares in the company at a price of £0.044 per share raising £625,000

Under the terms of the lLoan, Jubilee is obliged to pay YAGM a facility fee of US$50,000, which Jubilee has elected to satisfy by the issue of 700,322 ordinary shares.

StockMarketWire.com
Jubilee Platinum's total revenues rose to ZAR16,727,333 in the third quarter - 42.94% up on last time.

Gross profits increased by 89% to ZAR7.1m.

Chief executive Leon Coetzer said "In response to the downturn in platinum markets, Jubilee refined its short term strategy to leverage off the ConRoast process to secure access to both platinum-containing chrome rich materials that are at or near surface as well as platinum-bearing waste materials at surface.

"Jubilee simultaneously commissioned the Smelter operations targeting the production of ferroalloy metals based on the patented ConRoast process. These operations continue to generate growing cash flows.

"We remain focused on increasing our earnings growth profile with a view to underpinning our Mine-to-Metals strategy. Our rights to the ConRoast process and targeting near or at surface platinum and ferrometal-containing material remain integral to achieving this goal.

"We are delighted by the latest contract wins which highlight the strengths of the Smelter operations and are helping to drive our forward looking strategy. Given the growing returns available we have opted not to offer a further extension to GRE.

"The Smelter operations are generating growing cash flows by targeting the production of ferroalloy metals based on the patented ConRoast process and reductive smelter technologies.

"In addition, the company has been successful in securing the rights to the recovery of platinum group metals ("PGM's") from the surface material at the Dilokong Chrome Mine ("DCM") - which will further enhance the earnings profile of the Company.

"We continue to engage with companies holding similar assets to the DCM surface material to grow Jubilee's access to platinum containing material at or near surface. The Company will provide further updates to the market regarding these discussions as soon as it is appropriate. The prevailing market conditions for securing resource funding are providing unusually attractive opportunities which Jubilee is actively pursuing.

"The ConRoast process remains key to unlocking near-term value and we are continually evaluating opportunities that will consolidate its unique application in the industry. We will continue to explore any opportunistic offers that could potentially accelerate our strategy."

http://www.investegate.co.uk/jubilee-platinum-plc--jlp-/rns/operations-update/201312050710477712U/

StockMarketWire.com
Jubilee Platinum's Middelburg smelter operation has achieved a new record production rate - more than 35 tons of ferronickel metal within a single 24-hour shift - exceeding the previous record of 26 tons of metal.

This achievement follows the company's announcement on 23 December that it had secured funding for the final phase of the smelter renewable programme, which includes the expansion of the Middelburg smelter operation to three operating ARC furnaces. Two of these furnaces will be dedicated to the production of ferronickel metal and the third furnace to the production of ferrosilicon metal, thereby increasing the total targeted smelter design capacity to 13,900 tons of metal per annum. All three furnaces have been fully contracted.

With proceeds in place to fund the commissioning of the remaining third ARC furnace at Middelburg, the board believes that the Middelburg smelter is in a strong position to enhance its earnings profile.

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Jubilee Platinum has entered into a £10m equity finance facility with Darwin Strategic Limited.

The EFF can be utilised by the company, at its sole discretion, over a commitment period of 60 months.

The EFF has been secured by Jubilee in support of its mine-to-metals strategy and more specifically towards potential acquisitions targeted by the Company in the platinum and other metals industrywith a view to further utilizing the ConRoast process. The EFF will replace the current equity based funding structure held by Jubilee.

At 2.5p the Market doesn't like this at all - so much for JLP's positive spins, etc. I recall 12months ago, it was nearer 13p ( DYOR ). OUCH!

Having to take out a sizable loan (do we know the Interest+Terms?), smacks of poor management of Cash. Why didn't they borrow when the sp was significantly higher?

Hey-Ho!

http://www.moneyam.com/action/news/showArticle?id=4747546

Jubilee is pleased to announce an operations update for the fourth quarter (Q4) of 2013. The Company is also updating shareholders regarding the sale of the Quartzhill property owned by Tjate platinum Corporation Pty Ltd ("Tjate").

· Cash flows, revenues and gross profits from the Company's Middelburg smelter ("Smelter") and Power plant operations are continuing to grow,

· Positive gross profits will be underpinned by commissioning of the 3rd ARC furnace, which is already fully contracted and on target for March 2014.

· The fully contracted smelter capacity of an estimated 13,800 tonnes of metal per annum is expected to increase gross profit margins to a targeted 38%.

· Jubilee has commenced discussions with an alternative party to conclude a short term processing strategy for the processing of the DCM tailings to counter the delay in concluding the commencement date with Platinum Australia Ltd ("PLA").

· Tjate consulted with the DMR's Limpopo Regional office with a view of fast tracking the review of the sale of the Quartzhill property and the mining right application of the Tjate project.

Leon Coetzer, CEO of Jubilee, said: "As stated in the previous update, Jubilee commissioned the Smelter operations targeting the production of ferroalloy metals based on the patented ConRoast process in response to the downturn in the platinum industry.

"We are pleased with the positive results delivered by continued efforts at the Smelter operation to grow our revenues and attain positive earnings. The growth in the gross profit margin reflects the growth in output and improved operational efficiencies. The last phase of the renewal programme at the Smelters is well on its way and is the last hurdle to achieve positive earnings for the Smelter operations.

"The integration of the various components of the 3rd ARC furnace will result in increased furnace downtime over the next quarter and we do expect lower revenues for the Q1 2014 which will impact our gross margins. This impact will be short lived as the commissioning of the 3rd ARC furnace is targeted for March 2014.

"Once commissioning is complete the ferroalloy smelting contracts that we have in place will underpin the positive earnings capabilities of the Smelter and the power plant. We are continuing to evaluate a number of opportunities that will provide access to additional platinum-bearing material at or near surface - so avoiding undue reliance on tolling of material.

"We can change our Smelter onto platinum material in a very short timeframe - and with the ferroalloy contracts focussed on the quantity processed rather than a specific time frame we are well placed to quickly take advantage of platinum-bearing opportunities."

Platinum Australia Limited Transaction and DCM tailings update

http://www.moneyam.com/action/news/showArticle?id=4771894

StockMarketWire.com
Jubilee says commissioning of the third ARC furnace has commenced at its Middelburg smelter operation.

Jubilee also says the scoping report, in regard to the mining right application for its targeted 70 million PGM ounces Tjate platinum mining project has been submitted on schedule to the Department of Mineral Resources.

Chief executive Leon Coetzer says: "I would like to congratulate our smelter operations personnel, engineering contractors and support services for their tremendous team effort to successfully conclude the construction and refurbishment of our 3rd ARC furnace."

StockMarketWire.com
Jubilee Platinum has confirmed that the third ARC furnace at the Middelburg smelter has been successfully commissioned and is fully operational targeting a production rate of 400 tonnes of metal per month.

The company says the commissioning of the furnace concluded the final part of the four-phase renewal programme developed and implemented at the smelter over the past two years. The renewal programme's objectives were to expand and upgrade the smelter into a robust and profitable operation on the back of secured smelting revenue contracts.

Chief executive Leon Coetzer said: "I would like again to compliment our Smelter personnel, engineering contractors and support services for their combined effort in successfully commissioning and bringing into operation the 3rd Arc furnace. This concludes the final phase of our Smelter renewal programme and the critical step in establishing a sustainable operation with positive earnings that will set Jubilee apart from most of its peers.

"Our key next target is to bring into operation the platinum containing Dilokong Chrome Mine surface tailings which is in line with the Company's strategy of bringing into production our acquired surface platinum-bearing material and ultimately to migrate our Smelter onto processing platinum concentrates."

Perhaps we can see some profit from this one at long last........ doubtful.,.

StockMarketWire.com
Jubilee Platinum has executed a tailings access agreement with ASA Metals Proprietary Limited and its subsidiary Dilokong Chrome Mines Proprietary Limited.

Under the agreement, Jubilee is awarded the exclusive right to access the PGM - bearing tailings (surface stock) on the DCM mine area and the right to construct, a dedicated chrome and PGM processing plant on the mining area to process the tailings.

In addition, ASA has agreed to give Jubilee access to sufficient power and water for the construction and operation of the new processing plant.

Middelburg Operations cash positive and Power Sale contract extended to take up any surplus power
Jubilee, the AIM-quoted and AltX-listed Mine-to-Metals specialist, is pleased to announce that the Company's Middelburg Operations has achieved its operational and financial targets for May 2014 delivering an unaudited net profit of ZAR 1.33 million (GBP 76 282) which will result in positive cash flow to the Company. This follows the successful commissioning of the 3rd ARC furnace during May 2014 as part of the final phase to the Renewal Programme commissioned by the Company in 2012. This financial result was achieved with the Middelburg Smelters ("Smelter") increasing overall metal production by 45% compared to April 2014. The Company is further pleased to announce that the Private Power Purchase Agreement for the sale of electricity to the South African National Energy Provider utility has been further extended to the end of March 2015 with an escalation in power sale price of 6.4%.

Highlights
· Unaudited profit achieved at Middelburg Operations

· Production increased by 45% month on month on the back of the commissioning of the 3rd ARC furnace

· June 2014 production numbers to date are on target to further improve positive contribution to cash flow

· Private Power Purchase Agreement ("PPPA") extended to 31 March 2015 with a 6.4% escalation in electricity sale price awarded to the Company's subsidiary Power Alt Proprietary Limited ("Power Alt")

· The extended PPPA is for all surplus electricity generated by Power Alt and has the effect of buffering the revenues generated by the Middelburg operations since a smelter interruption is offset by increased power sales

StockMarketWire.com
Jubilee Platinum has reported significant advances over the past quarter, the most significant of which is the conclusion of the successful smelter upgrade and renewal programme that delivered a profitable operation within a month of commissioning.

Leon Coetzer, CEO of Jubilee, said: "The Middelburg operation is further uniquely buffered against smelter interruptions as we are able to seamlessly increase our electricity sales to the National Energy Grid of South Africa during periods of lower power utilisation by the Smelter.

"This commercial strategy not only plays a significant part in offsetting escalating energy costs but also stabilises revenues during potential future smelter interruptions."

Quarterly Operations and Financial update
Jubilee, the AIM-quoted and AltX quoted Mine-to-Metals specialist, is pleased to announce an operations and financial update for the Middelburg operations ("Middelburg") for the second quarter of 2014 (Q2). The Company is also updating shareholders regarding the sale of the Quartzhill property owned by Tjate platinum Corporation Pty Ltd ("Tjate").

Highlights
· Unaudited revenue for Middelburg up 44.89% Q2 on Q1
· Unaudited gross profit for Middelburg up 11.14% for Q2 and exceeding the targeted 38.00%
· Unaudited net loss for Middelburg Q1 of ZAR 2.691 million (GBP 0.151 million) converted to a net profit of ZAR 1.247 million (GBP0.070 million) in Q2
· Production up 47%
· Platinum smelting targeted for Q3 2014


Leon Coetzer, CEO of Jubilee, says:

"The Company continues to make significant progress in all of its current and projected activities. The final hurdle for the submission of the Environmental Management Program, as part of the Tjate mining right application, has been overcome and submission is targeted for the end of July 2014 which will conclude the submission requirements by the Department of Mineral Resources. We are working closely together with Anglo Platinum for the conclusion of the sale of Quartzhill, linked to the Tjate mining right."

"The Company is meeting all the challenges presented by the current operating environment and remains fully confident in the developing business model and the opportunities it presents."

Tjate Submits Environmental Impact Assessment and Environmental Management Reports

Middelburg Operations
Jubilee, the AIM-quoted and AltX quoted Mine-to-Metals specialist, is pleased to announce that its subsidiary, Tjate Platinum Corporation Proprietary Limited ("Tjate") has submitted its Environmental Impact Assessment ("EIA") and Environmental Management Programme ("EMP") to the Department of Mineral Resources ("DMR") in respect of the Tjate Platinum Mine Project ("Tjate Project"). This submission is expected to be the final requirement of the DMR towards achieving a mining right for the Tjate Project. The Directors are pleased that Jubilee is progressing towards completion of the sale of Quartzhill which is expected to generate gross sale proceeds of GBP 4.1 million (ZAR 75 million).

Leon Coetzer, CEO of Jubilee said: "The submission of the EIA and EMP for Tjate marks a very important step in the application to the DMR for a mining right for Tjate. Jubilee, through Tjate, has engaged with the DMR towards expediting the mining right application and associated sale of the Quartzhill property.

"I am also encouraged to report that our Middelburg Operations sustained positive earnings for July 2014 in spite of the challenges faced at the smelter operations due to the national labour strike by employees affiliated to the National Union of Metal Workers of South Africa."

Grief, this was c.10p last AGM I attended and Dirs thought that was unnecessarily low, as the Market didn't understand - etc.

Now it's abt. 90% down from there....Yikes!

er, and Yikes again!

EDIT: ( 8Nov2014 ) - now 1.4pence...

Result of AGM
The AGM was held at 11 a.m. on Wednesday 24th December 2014 and all ordinary resolutions were passed.

Special Resolution 1 was not proposed at the meeting and shareholders voted to adjourn the meeting. The Directors anticipate being in a position to make a corporate update relating to the Company's platinum surface operations during January and will reconvene the AGM thereafter.

StockMarketWire.com
Jubilee Platinum has concluded heads of agreement with Hernic, the world's fourth largest integrated ferrochrome producer. Hernic targets to appoint Jubilee as the exclusive party to beneficiate the chrome and PGM's contained in its surface tailings.

In addition to its PGM-containing surface tailings, Hernic also has access to at-surface secondary stocks.

The HOA facilitates the processing of approximately 1.7 million tonnes of chrome tailings material and Hernic identified that the tailings material could exceed 3 million tonnes through additional drilling programs.

The 1.7 million tonnes of chrome tailings material has been fully drilled and assayed for Chrome and PGM content to produce a resource statement of which approximately 90% of the resource is classified within the measured category under the internationally recognised SAMREC code.

Chief executive Leon Coetzer said: "We are very proud as a company, to be selected as the exclusive partner to execute Hernic's PGM processing project following an extensive selection process by such a prestigious entity as Hernic." The envisaged project will be the largest PGM beneficiation plant of Chrome tailings re-claimed from a surface chrome tailings dam in South Africa."

There is a lot of buying today and is on the rise

Some positive news on the way is the cause
Level 2 is strong on small spread 1.95 v 2p

Moving fast now as is a BREAKOUT on the chart, moving higher than the earlier intraday high