Roan Front-End Module’s First Copper Concentrate

Jubilee Metals Group PLC

13 August 2024

 

Jubilee Metals Group PLC

Registration number (4459850)

AIM share code: JLP

Altx share code: JBL

ISIN: GB0031852162

("Jubilee" or "the Company" or "the Group")

Dissemination of a Regulatory Announcement that contains inside information according to UK Market Abuse Regulations. Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

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

**ENDS**

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: [phone] 

Nominated Adviser - SPARK Advisory Partners Limited 

Andrew Emmott/James Keeshan 

Tel: [phone] 

PR & IR Adviser - Tavistock 

Jos Simson/ Gareth Tredway

Tel: [phone] 

Joint Broker - RBC Capital Markets

Farid Dadashev/Jamil Miah

Tel [phone]

Joint Broker - Zeus Capital

Harry Ansell/Katy Mitchell  

Tel: [phone] 

JSE Sponsor - Questco Corporate Advisory Proprietary Limited 

Alison McLaren

Tel: [phone]

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.

 

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