Jubilee Metals says Project Roan nearly complete, finishes Inyoni PGM upgrade
Jubilee has also completed the upgrade programme at its Inyoni PGM operations in South Africa
Company
LON:JLP
Jubilee Metals Group PLC is a global industry-leading metal recovery business focussed on the retreatment and recovery of metals from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations. The company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including platinum group metals (PGMs), chrome and copper.
328 stories · page 3 of 17
Jubilee has also completed the upgrade programme at its Inyoni PGM operations in South Africa
The companies will continue to assess the multiple waste stockpiles bearing residual copper and gold from the 16 mines that operated historically on Caerus' concessions
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
The transactions will give the company greater control over the development of its tailings projects in Zambia and over the sequence and rate of development of both its Northern and Southern refinery strategies
This is not the first time Jubilee has shown this level of sophisticated, low-capex, deal-making and we anticipate not the last," the stockbroker said.
The project has access to more than 275 million tonnes of tailings
Growth operations continue in each of Jubliee's three core businesses, promising to extend the group's positive performance
Caerus has a highly extensive portfolio of copper-gold assets across Cyprus
The AIM-listed group intends to start processing the material during June
Archive
A look at some of the main headlines from the Proactive newswire
The agreement signals Jubilee's PGM expansion into the Eastern Limb of the Bushveld Complex
CEO Leon Coetzer said the completion of phase 1 "is the first major step in our commitment to achieve our targeted production of 25,000 tonnes per annum of copper within the next four years"
“We expect the year 2021 to be another transformational year for the company with South Africa maturing and Zambia evolving," said chairman Colin Bird
Jupiter holds 3.65% of the shares in issue, taking the total shares held by significant institutional investors to 45%
The metals processing firm said the investments have been made based on its earnings and what is said is “recognition of the accelerated implementation of its copper and cobalt strategy”
Leon Coetzer, chief executive, said that against the coronavirus backdrop the second half had delivered an exceptional performance.
“This reporting period again showcases the strength and resilience of Jubilee's business strategy," chief executive Leon Coetzer said.
The metals group has secured the rights to an additional 115mln tonnes of copper and cobalt-containing surface tailings, taking its total access to around 270mln tonnes
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
"It is great to see our chrome and PGM strategy paying off," said chief executive Leon Coetzer