Source - SMW
Jubilee Metals Group Plc said it has advised BMR group that it intends to exercise its option to earn a 40% interest in its Kabwe project in Zambia. 

This moves would allow Jubilee to increase its effective interest in the Kabwe Project to 57.41 % - comprising 40% direct and 17.41% indirectly as a shareholder in BMR. 

Leon Coetzer, Chief Executive said: 'The Jubilee board has satisfied itself that the Kabwe Project is indeed a project worthy of development.'

'Our test work has confirmed the quality of the base asset and has provided encouraging results for integration into our future metallurgical studies.' 

At 9:09am: (LON:JLP) Jubilee Platinum PLC share price was -0.13p at 3.03p