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Roan commences high grade copper production
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, 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.
Date: 14-02-2025 09:00:00
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