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Jubilee Metals and BMR Group clarify appeal situation for Kabwe project

“Jubilee will support BMR to favourably conclude this process,” the company said
mining team
BMR has 30 days from February 6

Jubilee Metals Group Plc (LON:JLP), in an after market close statement, told investors that associate BMR Group now understands that it has the right to appeal at the Kabwe project.

“Jubilee will support BMR to favourably conclude this process,” the company said.

READ: Jubilee Metals works to resolve Kabwe joint venture partner's mining right termination

Earlier on Wednesday, Jubilee said “doing all things necessary” to assist BMR after the joint venture partner lost its mining right for their Kabwe joint venture project in Zambia.

Shares in BMR were suspended on Wednesday after receiving a letter from the Mining Cadastre Department of Zambia terminating its mining right for the Kabwe lead, zinc and vanadium project in the country.

READ: Jubilee Metals elects to exercise its earn-in at Kabwe

The letter was dated 19 December 2017 and, at that time it was communicated that BMR had 30 days to exercise its right of appeal.

However, according to Wednesday’s later announcement, BMR now understands that it has 30 days from 6 February 2018.

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