Jubilee completes funding for surface platinum-processing projects

Dual-listed Jubilee Platinum has successfully completed project funding for the execution and commissioning of its two surface platinum processing projects. Funding comprises a combination of senior secured debt to a maximum of R153-million, unsecured debt to a maximum of R76.5-million and an equity placing of R55.2-million. The funding package allows for Jubilee to simultaneously execute the two projects, which target 80 000 t/m of processed surface material. It will also be able to pursue the acquisition of further surface or shallow platinum-bearing opportunities.