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On 10 November 2020, Jubilee Metals Group announced its year-end results with revenue of £54.8M (US$73.2M) for the 12 months to June 2020, corresponding to a 132% increase year over year. These results were underpinned by a two-fold increase in chrome concentrate production, with a similar increase in PGM ounces produced.
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THE CHROME-ORE OPERATION. Bauba diversified its business into low-cost, cash-generative, mining operations in 2015 with the Company acquiring 60% of the beneficial rights to the Moeijelijk Chrome Mine. Moeijelijk is situated on the Eastern Limb of the Bushveld Igneous Complex, with LG6A/6 and LG7 chrome ore-bearing reefs.
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