Name and Location
Tjate platinum project, eastern limb of the Bushveld Complex, South Africa.

Client
Tjate Platinum Corporation, in which Jubilee Platinum owns a 63% stake.

Project Description
The proposed project comprises three contiguous farms, totalling 51.43 km² in the eastern Bushveld – Dsjate, Fernkloof and Quartz Hill. The farms are downdip of Impala Platinum's operating Marula platinum mine and Anglo Platinum's developing Twickenham platinum mine.

The project has been independently appraised to contain a potential net 65-million ounces of platinum-group metals and gold.

Tjate’s Merensky and upper group two platinum reefs targeted for initial mining lie between 600 m and 1 000 m below surface. The property’s reefs extend to depths greater than 1 600 m, offering significant potential to extend or expand production in future.

Value
Not stated.

Duration
A timeframe for the project has not been confirmed.

Latest Developments
Tjate Platinum Corporation has submitted its environmental-impact assessment and environmental management programme in respect of the Tjate platinum mine project – the final step before the granting of a mining right by the Department of Mineral Resources.

On Budget and on Time?
Not stated.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
Jubilee Platinum, tel +44 20 7 584 2155, fax +44 20 7 589 7806 or email info@jubileeplatinum.com.