Jubilee has proposed the sale of its South African Chrome and PGM Operations for up to $90m to One Chrome. The transaction represents a strategic shift towards copper, which offers higher investor recognition and valuation multiples, and has an enterprise value of approximately $146m, equivalent to a 6.0 times multiple on the FY2024 EBITDA of the assets sold. The sale proceeds are expected to cover short-term capital needs for copper growth and enable potential share buybacks or dividends.
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