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Jubilee Subsidiary Moves Forward with Tjate Platinum Project
Oct. 02, 2013 04:55PM PST
Resource Investing News Mining Weekly reported the South African Department of Mineral Resources has accepted Tjate Platinum Corp.’s mining right application for its 63-percent-owned Tjate platinum project. Tjate is a subsidiary of Jubilee Platinum plc (LSE:JLP).
Mining Weekly reported the South African Department of Mineral Resources has accepted Tjate Platinum Corp.’s mining right application for its 63-percent-owned Tjate platinum project. Tjate is a subsidiary of Jubilee Platinum plc (LSE:JLP).
As quoted in the market news:
Jubilee was now consulting with the DMR regarding the timing and deadlines for the submission of a scoping report and an environmental management programme to expedite site development.
‘The acceptance of the mining right application for Tjate brings us one step closer to progressing the project, which has been independently appraised to contain a potential 70-million ounces of platinum-group metals (PGMs) and gold,’ commented Jubilee CEO Leon Coetzer.
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