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