Proposed transaction paves way for Jubilee to reinstate operations at Phokothaba

Exploration and development company Jubilee Platinum will secure the terms of a funding package to reinstate operations at the near surface Phokothaba Mine, under a proposed transaction with Platinum Australia, the mining company disclosed in a statement today.

Exploration and development company Jubilee Platinum will secure the terms of a funding package to reinstate operations at the near surface Phokothaba Mine, under a proposed transaction with Platinum Australia, the mining company disclosed in a statement today.

Further to an announcement made on December 14th regarding a proposed business combination or merger with Platinum Australia, Jubilee Platinum announced that the parties had agreed to extend the binding and exclusive terms of the heads of agreement to January 28th.

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