Jubilee Platinum has been tasked with the beneficiation of chrome and platinum-group metals (PGMs) from the surface tailings of Hernic Ferrochrome’s operations in the North West.
On Monday Jubilee CEO Leon Coetzer announced the conclusion of a heads of agreement that would see Jubilee Platinum exclusively process about 1.7-million tonnes of chrome and PGMs as part of Hernic’s PGMs processing project.
Hernic also communicated that the tailings material could exceed three million tonnes through additional drilling programmes.
The chrome tailings material had been fully drilled and assayed, with 90percent of the resource classified within the measured category under the internationally recognised South African Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves.
Hernic and Jubilee intend to enter into a plant engineering and design agreement, as well as a cooperation agreement, in a bid to facilitate the construction and operation of a PGM processing plant at Hernic.