Update on Operations during lockdown in South Africa

RNS Number : 0209K
Jubilee Metals Group PLC
17 April 2020
 

Jubilee Metals Group PLC

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

(“Jubilee” or “the Company”)

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR). Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

 

Update on Operations during lockdown in South Africa

 

 Jubilee Metals Group (“Jubilee” or the “Company”), the AIM and Altx traded metals processing company announces that its operations have recommenced in strict adherence to the updated lock down Rules & Regulations as set out by the South African authorities.  The Company’s Inyoni Surface PGM and Chrome Operation has recommenced production, and its Windsor JV PGM Operation is preparing to recommence production shortly.    

  This follows the temporary shutdown of the Company’s operations in South Africa in line with the 21 day nationwide lock down enforced as a result of the COVID-19 pandemic (the ‘Pandemic’), as announced on 24 March 2020 and extended by a further 14 days to 30 April 2020. Staff at both operations has been reduced to include only critical staff to maintain continuous operations.

 The Company has enforced strict health and security measures to ensure that its employees and team are adequately and appropriately protected during this period, and it continues to work closely with the South African authorities.

 Jubilee is reviewing the situation with regard to its further chrome operations which currently remain on hold as a result of the Pandemic. Further updates will follow in parallel to any new developments and announcements by President Ramaphosa during the lock down period in South Africa.

 Jubilee’s Zambian Kabwe Operation continues to operate its copper refinery with all other project related work on-hold during this time.

 


United Kingdom

17 April 2020

**ENDS**

 

For further information visit www.jubileemetalsgroup.com  or contact:

Jubilee Metals Group PLC

Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913

Nominated Adviser – SPARK Advisory Partners Limited
Andrew Emmott/James Keeshan
Tel: +44 (0) 20 3368 3555

Broker – Shard Capital Partners LLP
Damon Heath/Erik Woolgar
Tel +44 (0) 20 7186 9900

Joint Broker – WHIreland

Harry Ansell/Katy Mitchell 

Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618

 

JSE Sponsor – Sasfin Capital (a member of the Sasfin group)

Sharon Owens
Tel +27 (0) 11 809 7500

 

PR & IR Adviser – St Brides Partners Limited

Catherine Leftley/Beth Melluish

Tel +44 (0) 20 7236 1177

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