Inyoni Operations
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SNAPSHOT |
|
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Commodity |
PGMs & Chrome |
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Partner |
Hernic Ferrochrome Pty Ltd |
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Location |
Bushveld Complex, South Africa |
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Status |
In production |
High margin platinum producer delivering exceptional returns.
- Current unprocessed 1.7Mt drilled and assayed chrome rich tails and the rights to a further c. 1 million tonnes of PGM rich material
- 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
- 100% of all rights to PGM earnings from current and future tailings produced at Hernic acquired
- Jubilee has the exclusive arrangement to acquire all further chrome rights to the chrome contained in all of the current tailings at Hernic
- 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
