Roan Front-End Module’s First Copper Concentrate
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Altx share code: JBL
("Jubilee" or "the Company" or "the Group")
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."
Jubilee Metals Group PLC
Leon Coetzer (CEO) / Neal Reynolds (CFO)
Nominated Adviser - SPARK Advisory Partners Limited
Andrew Emmott/James Keeshan
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Jos Simson/ Gareth Tredway
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Farid Dadashev/Jamil Miah
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Harry Ansell/Katy Mitchell
JSE Sponsor - Questco Corporate Advisory Proprietary Limited
Alison McLaren
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