Jubilee Metals Group PLC Kabwe Mining Licence Renewed & Board Appointment (9244Y)
September 14 2020 - 6:30AM
UK Regulatory
TIDMJLP
RNS Number : 9244Y
Jubilee Metals Group PLC
14 September 2020
Jubilee Metals Group PLC
Registration number (4459850)
Altx share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or "the Company" or "the Group")
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR). Not for
release, publication or distribution in whole or in part in, into
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jurisdiction.
Kabwe Mining Licence Renewed
Board Appointment
Jubilee Metals Group ("Jubilee" or the "Company"), the AIM and
Altx traded metals processing company, is pleased to provide the
following update.
Kabwe Mining Licence Renewal
The Company has received notification from the Minister of Mines
and Mineral Development in Zambia of the approval of the Company's
application for the renewal of Small Scale Mining Licence
7081-HQ-SML in Kabwe, Zambia (the "Licence"). The Licence is in
respect to the minerals lead, zinc, copper and cobalt.
The Licence renewal has been approved for a period of ten years
and is subject to a number of customary conditions specified by the
Minister of Mines and Mineral Development.
Board Appointment
Jubilee is also pleased to announce the appointment of Nicholas
(Nick) Taylor as non-executive director to the Jubilee board of
directors effective 1 October 2020. Based in the UK, Mr. Taylor
(aged 51) is a seasoned finance professional with some 27 years' of
experience in identifying and executing strategic transactions.
Having qualified with Price Waterhouse as a Chartered Accountant,
Nick spent over 20 years in investment banking previously as
European Head of Metals & Mining and Co-Head of Asia Pacific
Natural Resources Investment Banking at Deutsche Bank, and latterly
as European Head of Natural Resources Investment Banking at The
Royal Bank of Canada. While his background extends across sectors,
Nick has a specific focus on the mining and minerals sector where
his experience in corporate transactions, particularly public and
private M&A, and deal structuring, is vast. Nick currently acts
as a consultant with EMR Capital, a specialist resource private
equity manager, and is a non-executive director at Maya Gold &
Silver Inc., a TSX listed mineral exploration and development
company. Nick holds an MA in Natural Sciences from the University
of Cambridge.
Nick's experience strongly compliments not only the breadth of
experience held by Jubilee's existing board members but also
supports the expanded financial and corporate governance team under
the leadership of Jubilee's Chief Financial Officer, Pedja
Kovacevic.
Leon Coetzer, CEO of Jubilee, commented: "As Jubilee continues
to aggressively drive its expansion across both its Zambian and
South African operations, the renewal of the Licence in Zambia is
an endorsement of the work that we are doing on the ground at Kabwe
and the support from Government and the Department of Mines.
"We have made significant progress in Zambia since the
acquisition of the Sable Refinery in 2019, particularly in recent
months with Jubilee securing access to vast amounts of copper
containing surface tailings. We expect to be able to produce the
first copper concentrate from the most recently acquired copper
run-of-mine material within the next three months, which has the
potential to significantly bolster earnings, whilst also commencing
the processing of the 150 million tonnes of copper tailings that we
secured in June. Jubilee has a track record of continuously driving
to set new industry standards and we look forward to providing
further updates as we continue on this growth trajectory in Zambia
with further expansion and development over the long term.
"I am very pleased to welcome Nick to the Jubilee board. Nick is
a well-respected professional and known for his prowess in driving
successful M&A transactions in our industry. Nick, together
with my CFO Pedja, form a strong complimentary team who jointly
hold exceptional experience and a depth of knowledge of the
financial and capital markets as well as the natural resources
industries.
"The Jubilee team is pivotal to Jubilee's continued success and
the commitment of my team is displayed in the results that we
continue to achieve."
United Kingdom
14 September 2020
**ENDS**
For further information visit www.jubileemetalsgroup.com or contact:
Jubilee Metals Group PLC
Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913
Nominated Adviser - SPARK Advisory Partners Limited
Andrew Emmott/James Keeshan
Tel: +44 (0) 20 3368 3555
Broker - Shard Capital Partners LLP
Damon Heath/Erik Woolgar
Tel +44 (0) 20 7186 9900
Joint Broker - WHIreland
Harry Ansell/Katy Mitchell
Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618
JSE Sponsor - Sasfin Capital (a member of the Sasfin group)
Sharon Owens
Tel +27 (0) 11 809 7500
PR & IR Adviser - St Brides Partners Limited
Catherine Leftley/Beth Melluish
Tel +44 (0) 20 7236 1177
The following disclosures are required regarding Mr. Nicholas
Andrew Taylor appointment pursuant to Schedule 2 paragraph (g) of
the AIM Rules for Companies:
Current Directorships Directorships within the last
5 years
Quad Strategic Limited None
------------------------------
Maya Gold & Silver Inc (TSX listed)
------------------------------
There are no further disclosures required to be made in respect
of the appointment of Nicholas Taylor under Schedule 2 paragraph
(g) of the AIM Rules for Companies.
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