Jubilee Metals Group PLC
Registration number (4459850)
AIM
share code: JLP
Altx share code: JBL
ISIN: GB0031852162
("Jubilee" or "the Company" or "the 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 Front-End Module's First
Copper Concentrate Produced
Jubilee, a diversified metals
producer with operations in South Africa and
Zambia, is pleased to announce
first production of copper concentrate from the
Front-End Module at the Roan concentrator facility in Zambia
following the announcement of commencement of production on 8
August 2024.
The copper concentrate produced from
Roan's Front-End Module, targeting previously mined material, will
be refined to produce copper cathode at the Company's Sable
refinery. The concentrate from the Front-End Module is in addition
to the sulphide copper concentrate already being produced from
Roan's mill-and-float circuit and currently traded in the
market.
The Front-End Module will be ramped
up during Q3 CY2024.
The Company's Zambian copper
processing operational footprint now encompasses both the Roan
mill-and-float circuit and Front-End Module, as well as the Sable
Refinery, which is currently being upgraded for a combined
in-country copper capacity in excess of 25 000 tonnes per
annum.
Leon Coetzer, CEO
commented:
"It is an exciting time at Jubilee
as we commence delivering on our growth projects. The first
upgraded concentrate produced from our processing modules is a
significant milestone for the business allowing Jubilee to commence
filling the available copper production capacity at our Zambian
operations.
I would like to extend my sincere
gratitude to our dedicated team and stakeholders for their support
in achieving this milestone."
13 August 2024
**ENDS**
For further information visit
www.jubileemetalsgroup.com,
follow Jubilee on Twitter (@Jubilee_Metals) or contact:
Jubilee Metals Group
PLC
Leon Coetzer (CEO) / Neal Reynolds (CFO)
Tel: +27 (0) 11 465
1913
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 (0)11 011 9207
About Jubilee
Jubilee is a low-cost, diversified
producer, specialising in the recovery of metal from previously
overlooked resources, such as unprocessed historical waste rock,
run-of-mine materials and tailings in South Africa and Zambia. 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 its operational footprint. Jubilee's success is
derived from operational excellence, a highly experienced
management team and a pioneering Technical Development
Centre.