Hernic Platinum Project



PGMs & Chrome


Hernic Ferrochrome Pty Ltd


Bushveld Complex, South Africa


In production


High margin platinum producer delivering exceptional returns.

  • 1.7Mt drilled and assayed chrome rich tails
  • Access to estimated 3Mt of historic chrome surface tailings, containing est. 224,000oz of 3PGM + Au
  • Further 17,000t per month of platinum rich material being added by Hernic
  • Jubilee appointed as exclusive partner to recover the Platinum Group Metals from the chrome tailings and platinum rich surface material.  Jubilee retains 100% of revenue and earnings until full capex repayment and project reaches a 30% return on capita
  • Constructed and fully commissioned the largest platinum from chrome tailings recovery plant in South Africa in March 2017
  • Platinum and chrome recovery plant with a throughput capacity of 55,000t per month, recovering an average of 2,500 oz of 4E PGMs per month)
  • One of the lowest PGMs production cost in industry (below US$400/ oz, operating margin in excess of 40%)
  • Delivering significant positive earnings since June 2017

Chemical Symbol Pt
Chemical Symbol Pd
Chemical Symbol Rh
Chemical Symbol Ru
Chemical Symbol Ir
Chemical Symbol Os
Chemical Symbol Cr