# Jubilee Metals accelerates PGM growth with strategic new partnership

- Link: https://www.directorstalkinterviews.com/jubilee-metals-accelerates-pgm-growth-with-strategic-new-partnership/4121194466
- Published: 2025-04-29T16:07:00+01:00
- Author: Amilia Stone

Jubilee Metals is making decisive moves to unlock greater value from its booming
chrome operations, and a fresh alliance with a leading PGM producer signals a sharp
upward shift in momentum. This development hints at a significant production boost
without the burden of new capital investment, offering investors a glimpse into 
Jubilee’s expanding dominance in South Africa’s mineral wealth.

Jubilee Metals, listed on both the AIM and AltX exchanges, has cemented a 12-month
partnership with a major platinum group metals (PGM) producer to process surplus
PGM- and chrome-rich material from its South African operations. The name of the
partner remains undisclosed, but the strategic nature of this agreement underscores
Jubilee’s commitment to enhancing value creation while maintaining operational efficiency.

This milestone follows a dramatic surge in chrome concentrate production, with output
reaching a record 974,659 tonnes for the six months ending 31 December 2024. The
expansion was driven by the successful commissioning of two additional chrome processing
modules at the company’s Thutse site. This operational achievement not only strengthened
Jubilee’s chrome production but also created a significant build-up of PGM-rich 
surface stockpiles.

Rather than investing in costly new PGM processing facilities, Jubilee has taken
a shrewd path by partnering with an existing PGM operator. This strategy allows 
Jubilee to ramp up its overall PGM output without the need for additional capital
expenditure, enhancing returns for stakeholders and reinforcing the company’s reputation
for operational agility.

Under the agreement’s terms, Jubilee will initially supply 18,000 tonnes of material
per month to its new partner, with the flexibility to scale production to 30,000
tonnes monthly. Should the maximum scale be achieved, this collaboration could generate
around 11,500 additional ounces of PGMs annually. Based on the company’s 2025 production
guidance, this represents a potential 32% uplift in Jubilee’s total PGM output.

Financially, the project is structured to split earnings evenly between Jubilee 
and its partner, ensuring that both sides share in the upside potential. The contract
also includes an option to extend beyond the initial 12-month term, providing room
for further growth and long-term cooperation.

At the same time, Jubilee’s flagship Iyoni PGM operations continue to operate at
full capacity, a testament to the company’s robust operational discipline and strong
positioning within South Africa’s competitive chrome and PGM landscape.

Jubilee’s ability to leverage its growing chrome output into significant PGM gains
without heavy new investment speaks to its strategic foresight and operational excellence.
Investors will be watching closely as this new partnership begins to bear fruit,
offering the prospect of sustained revenue growth and expanded market influence 
in 2025 and beyond.

_**[Jubilee Metals Group](https://www.directorstalkinterviews.com/company/jubilee-metals-group-plc/jlp.l)
plc** ([LON:JLP](https://www.directorstalkinterviews.com/company/jubilee-metals-group-plc/jlp.l))
is a diversified metal recovery business with a world-class portfolio of projects
in South Africa and Zambia. The Company’s expanding multi-project portfolio across
South Africa and Zambia provides exposure to a broad commodity basket including 
Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt._

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