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JBL
JUJLP
JBL - Jubilee Platinum Plc - Engagement of Snowden to Advance Tjate Platinum
Project Towards Feasibility
JUBILEE PLATINUM PLC
AIM: JLP
JSE: JBL
Registration number: 4459850
ISIN: GB0031852162
("Jubilee" or "the Company")
Jubilee Engages Snowden Mining Industry Consultants To Advance Tjate Platinum
Project Towards Feasibility
This announcement is not related to the cautionary announcement released on 2
March 2010
Jubilee is pleased to announce it has engaged Snowden Mining Industry
Consultants ("Snowden") following a multi-company tender to manage the
engineering, financial and environmental assessment of the Tjate Project
towards feasibility. The Tjate Project comprises three contiguous farms,
totalling 5,143 hectares in the eastern Bushveld: namely Dsjate, Fernkloof
and Quartz Hill.
Snowden expects to issue a preliminary feasibility statement by the end of
2010. The Company anticipates the study will include some infill drilling
and metallurgical testwork on the UG2 chromitite reef to reinforce the
robustness of the mineral resource estimate and broaden the economic
evaluation of the deposit.
Colin Bird CEO commented: "Rapidly increasing platinum group metal prices and
the apparent improvement in global economies gives the Board the confidence
to advance the project to final evaluation."
Andrew Sarosi, Technical Director of Jubilee Platinum, who holds a B.Sc
Metallurgy and M.Sc Engineering, University of Witwatersrand and is a member
of The Institute of Materials, Minerals and Mining, has approved this release
For further information please contact:
Colin Bird
Jubilee Platinum plc
Tel +44 (0) 20 7584 2155
Tel +27 (0) 11 253 3280
Andrew Sarosi
Jubilee Platinum plc
Tel +44 (0) 1752 221937
Matthew Robinson/Ed Frisby
FinnCap
Tel +44 (0) 20 7600 1658
Michael Kinirons/Nick Rome
Bishopsgate Communications Ltd
Tel +44 (0) 20 7562 3350
Sharon Owens/ Mapholo Ratau
Sasfin Capital
Tel +27 (0) 11 809 7500
Dennis Tucker
Qinisele Resources
Tel +27 (0) 82 492 4957
Date: 24/03/2010 09:00:01 Produced by the JSE SENS Department.
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