The Jinping–Song Da rift structure in the Emeishan Large Igneous Province is composed of Permian high- and low-Ti volcanic and volcanoplutonic ultramafic-mafic associations of different compositions and genesis. High-Ti picrites, picrobasalts, basalts, and dolerites are enriched in LREE and depleted in HREE and show low Al2O3/TiO2 ratios (~4), commensurate εNd(T) values (+0.5 to +1.1), and low (Th/Nb)PM ratios similar to those of OIB-enriched mantle source. The established geochemical characteristics evidence that the parental melts of these rocks were generated from garnet lherzolite at the depths of garnet stability (~200 to 400 km). Later, high-Mg low-Ti volcanics (komatiites, komatiitic basalts, and basalts) and associating small peridotite-gabbro massifs and komatiite-basalt dikes were produced as a result of ~20% partial melting of depleted water-poor (≤0.03 wt.% H2O) peridotite substratum from the hottest upper part of mantle plume at relatively shallow depths (100–120 km). The LREE-depleted komatiites and komatiitic basalts are characterized by low (Ce/Yb)CH values, 187Re/188Os = 0.05–1.2, 87Sr/86Sr = 0.704–0.706, positive εNd(T) values (+3 to +8), γOs = –0.5 to +0.9, and strong negative anomalies of Ba, K, and Sr on the spidergrams. The scarcer LREE-enriched komatiites, komatiitic basalts, and basalts vary greatly in chemical composition and values of εNd(t) (+6.4 to –10.2), 87Sr/86Sr (0.706–0.712), and γOs (+14.8 to +56), which is due to the different degrees of crustal contamination of parental magmas. The Rb-Sr isotopic age of basaltic komatiite is 257 ± 24 Ma. The Re-Os age determined by analysis of 12 komatiite samples is 270 ± 21 Ma. These data agree with the age of flood basalts of the Emeishan Large Igneous Province. The komatiite-basalt complex of the Song Da rift is still the only Phanerozoic PGE-Cu-Ni-complex of this composition. The geochemistry of accompanying Cu-Ni-PGE-ores confirms their relationship with komatiite-basaltic magmatism.