REG - Jubilee Metals Group - Closing of Sale of South African Operations

Jubilee MetalsAnnouncement

02/01/2026 07:00

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RNS Number : 3680N  Jubilee Metals Group PLC  02 January 2026

Jubilee Metals Group Plc

Registration number (4459850)

AIM share code: JLP

Altx share code: JBL

ISIN: GB0031852162

('Jubilee' or 'Company' or 'Group')

 

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Closing of Sale of South African Operations

Jubilee, the Zambia copper focused producer, is pleased to announce that,
following the satisfaction of all conditions, the sale of the South African
Chrome and PGM Operations to One Chrome (Pty) Ltd (Disposal) is now complete.

As per the original transaction terms, the second cash instalment of US$10
million is expected to be received by Jubilee from One Chrome in the coming
days.

Following completion of the Disposal, the Company is now focused solely on its
Zambian Copper Business. Whilst the Company has retained its investment in the
Tjate platinum project in South Africa it continues to explore options to
monetise this asset.

Leon Coetzer, CEO of Jubilee, commented:

"I am pleased to report that we have executed this transaction within the
timelines stipulated when first announced.

Thank you to the South African leadership team for all your efforts, not only
in seeing this transaction to close, but for the hard work from you and all of
our employees in building this business into one of the world's largest chrome
producers in just a few short years. I will eagerly follow your growth and
wish you continued success.

I am excited to lead our remaining executive and Zambian copper team in
replicating this success through our Copper Business and look forward to a
year of delivering significant growth in our copper operations."

 

AGM Q&A

Ahead of the upcoming Annual General Meeting on 14 January 2026, management
would like to provide the opportunity for investors to submit questions ahead
of the meeting via email to the following address:
jmorley-kirk@jubileemetalsgroup.com
(mailto:jmorley-kirk@jubileemetalsgroup.com) .

 

2 January 2026

For further information visit www.jubileemetalsgroup.com
(http://www.jubileemetalsgroup.com/) , follow Jubilee on X (@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 - Zeus Capital

Harry Ansell/Katy Mitchell

Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618

 

Joint Broker - Shard Capital Partners LLP

Erik Woolgar/Gareth Burchell

Tel +44 (0) 207 1869900

 

JSE Sponsor - Questco Corporate Advisory Proprietary Limited

Alison McLaren

Tel: +27 63 482 3802

 

Financial Advisor to the transaction

Absa Corporate and Investment Bank, a division of Absa Bank Limited

Craig Brewer

Tel: +27 83 303 0980

 

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