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Jubilee Metals Group Plc

How South Africa’s platinum deposits may have actually been formed

The scientific research report, published in the Nature international journal of science, states that most of the world’s economically-viable platinum deposits occur as ‘reefs’ in layered intrusions – thin layers of silicate rocks that contain sulphides enriched in platinum group elements which are so vital for the sustainable development of modern human society.

But there are two competing ideas of how platinum deposits formed: the first involves gravity-induced settling of crystals on the chamber floor, while the second idea implies that the crystals grow in situ, directly on the floor of the magmatic chamber.

Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, focusing on the reprocessing of historical mine waste and surface materials. The Company has secured surface platinum-bearing tailings to recover PGMs and chromite, lead, zinc and vanadium bearing tailings in Zambia and holds the mining right to a primary PGM project in the Eastern Bushveld complex.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.