Jubilee Metals – Roan Concentrator project update
Roan is an independent, cash-generating processing facility that produces both copper oxide and copper sulphide concentrate from waste, tailings, and previously mined material. The copper sulphide concentrate is sold via off-take agreements and the copper oxide concentrate is delivered to Sable for the production of copper cathode.
Jubilee Metals is underway with a study to install a US$2.5 million copper refining stage at Roan to offer greater flexibility and further enhance margins. The refining step will also seek to recover the copper lost in the super fine fraction.
Following the upgrade of Roan and successful trials earlier in the year, the company has secured a feedstock supply agreement with a nearby third-party operation, targeting a minimum grade of 1.4% Cu.
The main focus at Roan has been to restart operations following the shut down during Q1 of CY2025 due to the previously announced infrastructure challenges.
Trials and tests to reconfigure and upgrade the plant to enable it to treat high grade ore and tailings is fully completed with Roan meeting its operational targets for July 2025 and well on track to exceed its targeted 350 tonnes of copper units for August 2025.
