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Jubilee - operational update
Jubilee published an operational and project update for its South African operations for the first quarter ended 30 September 2025 (Q1 FY2026).
Highlights
- Shareholder approval received on 28 August 2025 for the disposal of Jubilee's Chrome and PGM Operations with the first USD15 million of the sale consideration received in cash
- South Africa reported a Lost Time Frequency Injury Rate of 0.96 representing a 27.8% decrease compared to the last quarter, (Q4 FY2024: 1.33) with one classified injury reported
- Chrome concentrate production for Q1 FY2026 was down 11.2% from the comparative quarter in the previous financial year to 404 151t (Q1 FY2025: 455 381t) due mainly to the cessation of the OBB chrome ore supply contract (OBB contract) at the end of Q4 FY2025 (equivalent to approximately 450 000tpa of chrome) to be offset largely by increased production from Thutse operations
- PGM* production for Q1 FY2026 reached 8 382 oz, down 10.1% from the comparative quarter in the previous financial year (Q1 FY2025: 9 328 oz) due mainly to the impact of the cessation of the OBB contract on PGM feed supply * 6E PGM - Platinum, palladium, rhodium, ruthenium, iridium and gold
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