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Jubilee Metals elects to exercise its earn-in at Kabwe

Decision to proceed diversifies Jubilee's geographical and commodity profile
Jubilee Metals elects to exercise its earn-in at Kabwe
Construction at Kabwe

Jubilee Metals Group Plc (LON:JLP) has completed its due diligence at the Kabwe lead, zinc and vanadium project in Zambia, and has elected to exercise its option to earn a 40% interest.

This will take Jubilee’s effective interest up to 57.41%, as it already owns a stake in its partner at Kabwe, BMR Group PLC (LON:BMR).

"The Jubilee board has satisfied itself that the Kabwe Project is indeed a project worthy of development,” said Jubilee chief executive Leon Coetzer.

“Our test work has confirmed the quality of the base asset and has provided encouraging results for integration into our future metallurgical studies. This joint venture with BMR takes Jubilee into the Kabwe project in Zambia in alternative metals and countries and, we believe, has the potential to be significantly earnings enhancing once fully operational. This is consistent with our mission of commodity and country hedge. We intend to work with BMR to fast track this project into production."

 

 

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