Roan Upgrade project commences operations

Jubilee, a diversified metals producer with operations in South Africa and Zambia, is pleased to announce the commencement of operations at its Roan Upgrade project in Zambia. The commencement of the newly constructed front-end section of the Roan operation adds additional processing capacity and flexibility to the already operating Roan milling and flotation sections.

Highlights

• Jubilee commences operations at its newly constructed Roan front-end upgrade project.
• Roan’s new front-end capacity has been constructed adjacent to the already operating milling and flotation circuits increasing the overall capacity of Roan to a maximum design of 13 000 tonnes of copper per annum (tpa).
• The Roan front-end upgrade forms part of Jubilee’s overall operational capacity increase strategy which includes the Sable refinery upgrade project currently underway, targeting to reach a combined processing capacity of 25 000tpa of copper over the coming 12 months.

Leon Coetzer, CEO commented: “We are proud to announce that the Roan front-end module upgrade project in Zambia has commenced production ramp-up of previously mined material, which has been upgraded at source, prior to producing a saleable copper concentrate at Roan.

It has taken a concerted effort by the team to reach this critical point in the ramp-up of the Roan Upgrade project. I look forward to the team completing an accelerated ramp-up of operations during the coming month.

The upgraded Roan, 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.”