Jubilee Metals: Zambia Copper Expansion Update

Jubilee, a diversified leader in metals processing with operations in Africa, is pleased to provide an update on progress at its copper operations in Zambia.

The Company’s strategy in Zambia is to expand its operations to reach an initial goal of 25 000 tonnes of copper per annum. The strategy includes both the expansion of Jubilee’s copper resource base and processing capacity. As part of this strategy, Jubilee is expanding its processing facilities at its Roan Concentrator (“Roan”) and Sable Refinery (“Sable”) following the successful securing of both significant virgin waste rock licences and overlooked copper reef opportunities.

Copper Processing Plants

• Following the revision of the project timetable at Roan occasioned by the logistical problems at South African ports, the expansion of the front end of the Roan concentrator is on track for commissioning by end of Q1 CY2024. It forms a fundamental part of Jubilee’s strategy to progress production to 13 000 tonnes per annum of copper contained in concentrates.
• Manufacturing and testing of the new 50 000 tonnes per month copper processing module is now completed, with the final components being prepared for transit to Roan for commissioning.
• At Sable engineering designs for a new copper concentrate line are underway. With construction on track to commence in Q2 CY2024, this should see processing capacity increase to 16 000 tonnes per annum of copper contained in copper cathode and copper concentrates.