Reasonable SENS out this morning:
FINANCIAL HIGHLIGHTS
- Revenue increased by 22% to £2.8 million (2013: £2.3 million). In ZAR terms revenue increased to
ZAR 49.4 million (2013: ZAR36.11 million).
- Gross profit increased by 34% to £1.3 million (2013: £0.97 million) – supporting the sustainable
revenue growth over the last two reporting periods. In ZAR terms gross profit increased to ZAR 23.7
million (2013: ZAR 15.5 million).
- Loss per share for the period reduced by 57% to a loss of 0.2 pence per share (2013: loss of 0.46).
OPERATIONAL HIGHLIGHTS
- Middelburg Operations performance further improved on the back of the implementation of the smelter
renewal program.
- The Department of Mineral Resources (DMR) requested Tjate to support its mining right application
with an operational rehabilitation guarantee. This requested is expected to be the final step prior to the
issuance of a Mining Right.
- Entered into a PGM (Platinum Group Metals) heads of agreement (HOA) with Hernic Ferrochrome
Proprietary Limited (Hernic) for the processing of its PGM-containing surface material estimated in
excess of 3.3 million tonnes. The HOA with Hernic significantly enhances Jubilee?s access to platinum
containing surface material which is in addition to the platinum containing surface material secured at
ASA.
- Both the Hernic and the ASA platinum processing projects placed on accelerated project schedules
targeting to be fully operational during 2016.