Business
Execution of further copper tailings transactions
Execution of further copper tailings transactions.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3721E\n Jubilee Metals Group PLC\n 05 November 2020\n \n \n \n \n Jubilee Metals Group PLC\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 (\"Jubilee\" or \"the Company\" or \"the Group\")\n \n \n \n \n \n \n \n \n \n \n \n \n Dissemination of a Regulatory Announcement that contains inside information according to \n \n \n REGULATION (EU) No 596/2014 (MAR). 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 Executes Further Key Copper Cobalt Tailings Transactions Nearly Doubling its Rights to Copper Tailings in Zambia \n \n \n \n \n \n Jubilee Metals Group (\"Jubilee\" or the \"Company\"), the AIM and Altx traded metals processing company, is pleased to announce that it has successfully concluded further copper tailings transactions to secure the rights to an additional approximately 115 million tonnes of copper and cobalt containing surface tailings in Zambia (the \"Tailings\"). These transactions are in line with its stated strategy to expand operations in the country and are in addition to the already approximately 155 million tonnes secured, as announced previously, significantly contributing to future sustained earnings.\n \n \n Jubilee has secured the exclusive processing rights to the material through its subsidiary Braemore Platinum Limited (\"Braemore\") by entering into tailings supply and process development agreements (the \"Agreements\") with a number of privately held entities who collectively hold both the mining rights to the tailings and the property title on which the tailings are located (the \"Tailings Partners\"). The Agreements include both the formation of a development partnership with a well-established Zambian private entity who has invested in securing various tailings assets, as well as securing the rights to the processing of the Tailings from the resource owners. \n \n \n The Agreements secure Braemore the exclusive right to process the approximately 115 million tonnes of copper containing tailings through the implementation of a copper and cobalt processing facility (the ...