Jubilee Metals Group Plc
Registration number (4459850)
AIM
share code: JLP
Altx share code: JBL
ISIN: GB0031852162
('Jubilee' or 'Company' or 'Group')
Dissemination of a Regulatory
Announcement that contains inside information according to UK
Market Abuse Regulations. Not for release, publication or
distribution in whole or in part in, into or from any jurisdiction
where to do so would constitute a violation of the relevant laws or
regulations of such jurisdiction.
Roan commences high grade copper
production
Jubilee, a diversified metals producer with
operations in South Africa and Zambia, is pleased to announce
an operational update at its Zambian copper business.
Further to the announcement of 6 February 2025,
the Company has now successfully commenced with the processing of
the new high-grade copper feed material at its Roan concentrator
facility. The material feed grade is in-line with management
expectations with current feed assays exceeding 1.6% Cu,
approximately double the grade of material previously processed at
Roan and forms part of Roan's accelerated production plan to recoup
part of the lost production over a short period of time.
The increased feed grades are expected to have
a marked increase in the production of copper units from Roan which
holds a processing capacity of 45 000 tonnes per month. The Company
looks forward to providing further updates on the back of the
operational performance at Roan.
As previously announced, Jubilee has secured
the rights to an initial 200 000 tonnes of high-grade copper
feed material. Jubilee holds the option to increase the allocation
of copper feed material with the potential to secure a long-term
feed supply of this high-grade material.
14 February 2025
For further information visit www.jubileemetalsgroup.com,
follow Jubilee on Twitter (@Jubilee_Metals) or contact:
Jubilee Metals
Group PLC
Leon Coetzer (CEO) / Jonathan Morley-Kirk
(FD)
Tel: +27 (0) 11 465 1913 / Tel: +44 (0)
7797 775546
Nominated
Adviser - SPARK Advisory Partners
Limited
Andrew Emmott/James Keeshan
Tel: +44 (0) 20 3368 3555
PR & IR
Adviser - Tavistock
Jos Simson/ Gareth Tredway
Tel: +44 (0) 207 920 3150
Joint
Broker - RBC Capital Markets
Farid Dadashev/Jamil Miah
Tel +44 (0) 20 7653 4000
Joint Broker -
Zeus Capital
Harry Ansell/Katy
Mitchell
Tel: +44 (0) 20 7220 1670/+44 (0) 113 394
6618
JSE Sponsor -
Questco Corporate Advisory Proprietary
Limited
Alison McLaren
Tel: +27 63 482 3802
About Jubilee Metals Group
Plc
Jubilee is a low-cost, diversified producer,
specialising in the recovery and processing of metals from
previously overlooked resources, such as unprocessed historical
waste rock, run-of-mine materials and tailings in Zambia and South
Africa. The Company's low-capex, modular processing facilities are
deployed close to these various types of material, producing high
grade concentrates for sale or further refining to finished metal
at the Company's downstream facilities. Production currently
consists of copper, chrome, and platinum group metals (PGMs). The
modular processing facilities offer a platform for growth and the
rapid expansion of Jubilee's operational footprint in Zambia and
South Africa. Jubilee's success is derived from operational and
technical excellence, an experienced management team and a
pioneering Technical Development Centre.
