|
JBL
JUJLP
JBL - Jubilee - Sylvania and Jubilee Agree to Combine Forces to Provide Total
Capability for Platinum and Chrome Tailings Retreatment
SYLVANIA RESOURCES PLC JUBILEE PLATINUM PLC
ASX:SLV AIM: JLP
AIM:SLV JSE: JBL
Registration number 091 415 Registration number 4459850
968 ISIN GB0031852162
ISIN AU000000SLV8 ("Jubilee")
("Sylvania")
Joint Announcement
Sylvania and Jubilee Agree to Combine Forces to Provide Total Capability for
Platinum and Chrome Tailings Retreatment
Sylvania and Jubilee announce that they intend to enter into a strategic
partnership jointly to provide a total capability solution for the processing of
platinum group metals (PGMs) to the secondary PGM sector. This alliance brings
together Sylvania`s demonstrated ability to retreat surface tailing stockpiles
for recovery of PGMs into concentrate and Jubilee`s industry accepted ConRoast
smelting flexibility.
Highlights
Sylvania and Jubilee to enter into strategic alliance to smelt Sylvania`s
platinum group metal concentrates from its tailings retreatment projects that
are not tied into other contracts.
This alliance offers a total solution for processing chrome tailings and
northern limb Plat Reef deposits for PGM concentrate previously considered
uneconomic or challenged by conventional smelting routes
This alliance offers the secondary PGM industry a unique "ore to metal" strategy
not currently available to the secondary sector
Sylvania and Jubilee agree that ConRoast be the preferred smelting route for
Sylvania`s primary PGM mining projects in the northern limb of the Bushveld
Igneous complex
This alliance offers an environmentally friendly, safe, cost effective and
chrome insensitive smelting solution
Sylvania CEO Terry McConnachie said "In entering into this alliance we are
extending our demonstrated success in the secondary platinum recovery sector and
have no limit to what can be provided to current producers for retreatment of
current tailings stockpiles"
Jubilee CEO Colin Bird said "I am delighted we are teaming up with Sylvania. Our
alliance is a logical step towards achieving the mission of total capability in
the PGM industry"
This strategic alliance provides Sylvania with access to Jubilee`s smelting
experience and technology and allows Jubilee to benefit from Sylvania`s
secondary PGM recovery experience.
The alliance brings Sylvania closer to its mission for total capability for its
tailings retreatment and provides Jubilee with a platform for fast
commercialisation of the ConRoast process.
The alliance allows the parties to compete together for new opportunities as
opposed to competing with one another, offering a strong combined total
capability where Sylvania will concentrate on its core strengths, concentrate
flotation and Jubilee will concentrate on the smelting discipline to the
combined benefit of both companies. This co operation will fast track both our
operations and save extensive R&D costs for Sylvania and Jubilee.
Sylvania has offered Jubilee first preference as smelter builder and operator
for PGM concentrate from its primary PGM projects in the northern limb of the
Bushveld Complex.
The ConRoast process, recently acquired by Jubilee through its acquisition of
Braemore Resources plc provides mining companies that have total capability, a
processing solution for the treatment of currently large stockpiles of unviable
converter slag and revert tailings and to receive PGMs not in concentrate but as
a high grade PGM product suitable for final metal refining.
2 November 2009
Sponsor: Sasfin Capital
(A division of Sasfin Bank Limited)
For further information please contact:
Sylvania Resources Jubilee Platinum
South Africa Colin Bird
Jubilee Platinum plc
Terence McConnachie Tel +27 (011) 253 3280
Managing Director
Tel +27 11 673 1171 Leon Coetzer
Braemore Resources plc
Louis Carroll Tel +27 (0) 87 754 7608
Finance Director/Joint Company
Secretary Andrew Sarosi
Tel +27 11 673 1171 Jubilee Platinum plc
Tel +44 (0) 1752 221937
United Kingdom
Suzanne Johnson-Walsh
Richard Brown/ Richard Greenfield Bishopsgate
Ambrian Partners Limited, Nominated Communications Ltd
Adviser Tel +44 (0) 20 7562 3350
Tel +44 20 7634 4700
Brian Christie/Leonard
Laurence Read/Beth Harris Eiser
Threadneedle Communications, Public Sasfin Capital
Relations Adviser Tel +27 (0) 11 809 7500
Tel +44 20 7653 9855
Matthew Robinson/
Australasia Rose Herbert
FinnCap
Richard Rossiter Non Executive Tel +44 (0) 20 7600 1658
Chairman,
Tel +61 41 868 8338
Grant Button Director/Joint Company
Secretary,
Tel +61 8 922 64777
Date: 02/11/2009 09:00:07 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
