The Company has carried out several phases of exploration including stream sediment and soil sampling, trenching and geophysics, which have identified an inferred 22-kilometre total strike length of potential world-class magnitude nickel-copper mineralised system over north (Antsahabe) and south (Lavatrafo) Londokomanana.

The geophysics overlie and add to those areas, in which Jubilee has previously identified high nickel and platinum values from its geochemical sampling and trenching work: Peak trench values have been obtained in Lavatrafo of up to 4.62g/t 2PGE (platinum and palladium) plus gold, 1.2% nickel and 0.39% copper.

The Company has drilled two boreholes, LAV1 and LAV2 in the Lavatrafo property (south Londokomanana) on targets identified by the geophysics and geochemistry. The two boreholes, some 150 metres apart on strike, intersected a very thick -58 metre and 75 metre true widths - multi-metal nickel-copper-platinum-palladium-gold formation at relatively shallow - 27 and 73 metres depth - with results shown in the tables below:

Borehole LAV1

3E platinum palladium and gold.
* Intersection includes 6.2 metres (from 55.6m to 61.8m)
grading 2.47g/t 3E

Borehole LAV2

3E platinum palladium and gold

The Company is continuing drilling to delineate the strike of the formation and prove the model over its potential 35 kilometres of multi formations in both north and south Londokomanana.

Refer to Madagascar Map for Location

Mineralised BRGM Hill - Londokomanana

Source: Jubilee Platinum plc

Topography Londokomanana


Source: Jubilee Platinum plc

Lavatrafo dill site

Source: Jubilee Platinum plc

Lavatrafo dill site

Source: Jubilee Platinum plc