Business
Project Roan Achieves Nameplate Capacity
Project Roan Achieves Nameplate Capacity.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \n \n \n Jubilee Metals Group PLC\n \n \n \n \n Registration number (4459850)\n \n \n \n \n Altx share code: JBL\n \n \n \n \n AIM share code: JLP\n \n \n \n \n ISIN: GB0031852162\n \n \n \n \n (\"Jubilee\" or \"the Company\" or \"the Group\")\n \n \n \n \n \n \n \n \n \n Dissemination 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.\n \n \n \n \n \n \n \n \n \n Project Roan Copper Project Achieves Nameplate Capacity\n \n \n \n Jubilee Metals Group PLC, a diversified leader in metals processing with operations in Africa (AIM: JLP/Altx: JBL),\n \n is pleased to announce\n that\n the newly constructed Zambian copper concentrator, Project Roan, has reached nameplate capacity following the successful commissioning and ramp-up of the operations. Project Roan is a core component of the Company's Zambian Southern Copper Refining Strategy which aims to produce 12 000 tonnes of copper per annum through the Sable Refinery.\n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n \n \n §\n Southern Copper Refining project successfully completed with nameplate throughput reached at Project Roan\n \n \n §\n Project Roan has been successfully ramped up to maintain its design throughput rate of 110 tonnes per hour needed to produce the targeted copper concentrate for refining at the Sable Refinery\n \n \n §\n Southern Copper Refining project targets to deliver 12 000 tonnes of copper per annum with a total capital investment of approximately £ 40 million\n \n \n §\n Project Roan broke ground in June 2021 and commenced the ramp-up of operations during June 2022\n \n \n §\n Targeted production of 3700 tonnes of copper to December 2022 and 10 000 tonnes of copper for the full twelve-month period ending June 2023 (4-fold increase in copper production)\n \n \n \n \n \n \n Leon Coetzer, CEO, commented:\n \n \"We are delighted to have reached nameplate production throughput levels at our Project Roan concentrator. This is a defining milestone that transforms our operational footprint in Zambia. Despite a challenging construction period marred by COVID-...