Jubilee rolls-out integrated copper strategy in Zambia

Jubilee Metals Group, a diversified metals producer with operations in South Africa and Zambia, announces significant progress in the roll-out of its Integrated Copper Strategy in Zambia.

The upgrade and expansion of Roan (Roan Upgrade) has completed civil and mechanical construction, with commissioning activity commenced. Jubilee also announces the acquisition of two further copper resources currently in operation.

HIGHLIGHTS

Roan Operation

• Jubilee concludes a further off-take agreement for stockpiled low grade mined material (LG Material) in support of the expanded Roan operations (Roan Operations).
• The LG Material is upgraded at source prior to further processing at Roan.
• The upgrading of this LG material has commenced in preparation for the ramp-up at Roan.
• The Roan Upgrade has completed construction with operational readiness testing commencing.
• The electrical control system (ECS), originally delayed, is undergoing testing before final implementation expected during July 2024.
• The Jubilee team has commenced with pre-processing of targeted feed material destined for Roan in preparation of an accelerated commissioning and ramp-up during July 2024.

Leon Coetzer, CEO commented: “It has taken a concerted effort by the team to reach this critical point in the commissioning of the Roan Upgrade. I look forward to the team completing an accelerated commissioning and ramp-up of operations during the coming month. The Roan Upgrade together with our Sable refinery offers Jubilee tremendous processing flexibility and affords us the unique opportunity to aggressively pursue copper resources that are unlocked by this capability.”