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

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.

View full JLP profile View Profile

Jubilee Metals Group Timeline

Related Articles

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

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