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Roan Front-end Model's First Copper Concentrate Produced
Jubilee Metals Group PLC
Registration number (4459850)
AIM share code: JLP
Altx share code: JBL
ISIN: GB0031852162
("Jubilee" or "the Company" or "the Group")
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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
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.
Date: 13-08-2024 08:00:00
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