Business
Roll-out of Integrated Copper Strategy in Zambia
Roll-out of Integrated Copper Strategy in Zambia.
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 \"the Company\" or \"the Group\")\n \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.\n \nRoll-out of Integrated Copper Strategy in Zambia\nAcquisition of two near-surface copper mining operations\n \nJubilee, a diversified metals producer with operations in South Africa and Zambia, announces significant progress in the roll-out of its Integrated Copper Strategy in Zambia.\nThe upgrade and expansion of Roan (Roan Upgrade) has completed civil and mechanical construction, with commissioning activity commenced. Jubilee also announces the acquisition of two further copper resources currently in operation. \nHighlights\nRoan Operation\n \n§ Jubilee concludes a further off-take agreement for stockpiled low grade mined material (LG Material) in support of the expanded Roan operations (Roan Operations).\no The LG Material is upgraded at source prior to further processing at Roan.\no The upgrading of this LG material has commenced in preparation for the ramp-up at Roan.\n§ The Roan Upgrade has completed construction with operational readiness testing commencing. The electrical control system (ECS), originally delayed, is undergoing testing before final implementation expected during July 2024.\n§ The Jubilee team has commenced with pre-processing of targeted feed material destined for Roan in preparation of an accelerated commissioning and ramp-up during July 2024.\nCopper Resource Transactions\n§ Jubilee concludes two copper resource transactions of operating open-pit mines accessing near-surface copper material (open-pit operations) which significantly increases its copper resource base (Acquisitions).\n§ The Acquisitions are in support of the expansion of Jubilee's Sable refinery (Sable) to target 16 000tpa of copper.\n§ The acquisition include:\no Project M - which has commenced with the delivery of mater...