Business
Operational Update Q4 FY2024
Operational Update Q4 FY2024.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n\nJubilee Metals Group PLC\nRegistration number (4459850)\nAIM share code: JLP\nAltx share code: JBL\nISIN: GB0031852162\n(\"Jubilee\" or \"Company\" or \"Group\")\n \nDissemination of a Regulatory Announcement that contains inside information according to UK Market Abuse Regulations. 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.\nOperational Update Q4 FY2024\nJubilee, a diversified metals producer with operations in South Africa and Zambia, today publishes its unaudited operational and project update for the quarter ended 30 June 2024 (Q4 FY2024), highlighting that Jubilee exceeded chrome production guidance and met revised copper production targets.\n \nHighlights\nZambia\n§ Improved safety performance achieved of 488 lost time injury free (LTI-free) days (FY2023: 122 LTI-free days), and commensurately realising a reduction in the LTI Frequency Rate (LTIFR) to zero (FY2023: 2.4).\n§ Copper units produced for Q4 FY2024 increased by 51.7% to 1 048 tonnes (Q3 FY2024: 691 tonnes), despite operational stoppages due to construction activities at Roan.\n§ Copper units produced for the financial year increased by 17.1% to 3 422 tonnes (FY2023: 2 923 tonnes) meeting the revised guidance for FY2024 of 3 250 - 4 000 tonnes.\n§ Construction and commissioning of the Roan Front-End Module were completed during July 2024 with production of first copper concentrate announced on 12 August 2024.\no Production of copper concentrate from the Roan Front-End Module is in addition to the existing sulphide copper concentrate production from Roan's mill and flotation circuit currently being traded in the market.\no Roan's capacity is dedicated to the processing of Previously Mined Material and Previously Processed Material.\no Early results indicate Roan's Front-End Module achieving a 10-fold copper grade upgrade into concentrate from Previously Mined Material meeting design specifications.\no These early results provide further confidence in the proposed process design solution being developed for the Waste Rock Project in partnership with IRH.\n§ Jubilee expanded its portfolio of Open-Pit copper resources with the acquisition and implementation of...