Business
Copper and PGM Projects Update
Copper and PGM Projects Update.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6046S\n Jubilee Metals Group PLC\n 17 November 2021\n \n \n \n \n \n \n \n \n \n \n Jubilee Metals Group PLC\n \n \n (\"Jubilee\" or the \"Company\")\n \n \n Registration number (4459850)\n \n \n AltX share code: JBL\n \n \n AIM share code: JLP\n \n \n ISIN: GB0031852162\n \n \n \n \n \n \n Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).\n \n \n Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.\n \n \n \n \n \n \n Jubilee Metals Group PLC\n \n \n (\"Jubilee\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n Copper and PGM Projects Update\n \n \n \n \n \n Jubilee Metals Group PLC, a leader in metals processing with operations in Africa (AIM: JLP/Altx: JBL),\n is pleased to provide an operational and corporate update on its copper projects in Zambia, specifically Project Roan, and its Inyoni PGM project in South Africa following a period of significant progress.\n \n \n \n \n \n Highlights\n \n \n \n \n \n Copper Projects\n \n \n \n \n \n · \n Construction of Project Roan targeting the production of 10 000 tonnes per annum through the integrated copper processing plant in northern Zambia, is fast nearing completion with commissioning activities targeted to commence during December CY2021, slightly ahead of the anticipated timetable and notwithstanding international freight and logistics challenges experienced globally\n \n \n · \n Project Roan remains on track to start delivering copper concentrate to the upgraded Sable Refinery during Q1 CY2022 \n \n \n · \n In addition to Project Roan, Jubilee is targeting the construction of a further two such copper concentrating facilities as part of its Northern Zambian refining strategy, as the Company targets the delivery of in excess of 25 000 tonnes of copper per annum by the end of CY2023\n \n \n · \n On the back of positive results from the preliminary work undertaken at the Troulli Copper Project in Cyprus, coupled with the fact that Caerus Mineral Resources Plc (\"Caerus\") has successfully increased its prospective rights, which offers the potential of greater s...