Jubilee grows its stake in PGM-rich Bushveld complex
New supply agreement for PGM-containing material from the eastern limb of the Bushveld complex
Metals processing company Jubilee Metals, whose share has rocketed sevenfold over the past three years, says it has secured a new platinum group metals (PGMs) supply agreement that represents an expansion into the eastern limb of the mineral-rich Bushveld complex.
The new long-term agreement is projected to deliver an additional 16,500 tonnes a month of PGM-rich feed, equivalent to the production of an additional 14,500 PGM ounces a year, Jubilee said. The Bushveld Complex, which has large deposits of platinum, chromium, and vanadium, covers parts of North West, Gauteng, Limpopo and Mpumalanga. ..