REG - Jubilee Metals Group - Roan Commences High Grade Copper Production

Jubilee MetalsAnnouncement

14/02/2025 07:15

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RNS Number : 1635X  Jubilee Metals Group PLC  14 February 2025

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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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
(http://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.

 

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