Jubilee Platinum Plc announced that the Middelburg Smelter operation has achieved a new record production rate - more than 35 tons of Ferronickel metal within a single 24-hour shift - exceeding the previous record of 26 tons of metal. This achievement comes following the company's recent announcement (dated December 23, 2013) that it had secured funding for the final phase of the smelter renewable program, which includes the expansion of the Middelburg Smelter operation to three operating  ARC furnaces. Two of these furnaces will be dedicated to the production of ferronickel metal and the third furnace to the production of ferrosilicon metal, thereby increasing the total targeted smelter design capacity to 13,900 tons of metal per annum. All three furnaces have been fully contracted. With proceeds in place to fund the commissioning of the remaining 3rd ARC furnace at Middelburg, the board of the company believes that the Middelburg Smelter is in a strong position to enhance its earnings profile.

With a view to expanding its access to platinum containing material, the company is also pleased to announce that the Company has entered into a £10 million equity finance facility with Darwin Strategic Limited. The equity finance facility can be utilized by the company, at its sole discretion, over a commitment period of 60 months.