Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

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."



View full JLP profile View Profile

Jubilee Metals Group Timeline

Related Articles

August 08 2018
Eurasia Mining has an enviable position in Russia platinum and platinum group metals
July 28 2018
Jaxon said the first phase of fieldwork included geological mapping and sampling the Red Spring area, located within the Hazelton Property.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use