Business
South Africa and Zambia Project Expansion Update
South Africa and Zambia Project Expansion Update.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n\nJubilee Metals Group PLC \nRegistration number (4459850) \nAltx share code: JBL \nAIM share code: JLP \nISIN: GB0031852162 \n(\"Jubilee\" or \"the Company\" or \"the 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. \n \nSouth Africa and Zambia Project Expansion Update\nJubilee Metals Group PLC (AIM: JLP; Altx: JBL), a leader in diversified metals processing, with operations in Africa, is pleased to provide an update on the chrome joint venture (\"JV\") in South Africa as well as an update on the expansion of its Roan Concentrator (\"Roan\") in Zambia.\nStrategy and growth projects\nPGM and chrome expansion\n· Successful upgrade, implementation and commissioning of an existing brownfield processing facility, on the western limb of the Bushveld Complex, has now been completed reaching targeted operational output.\n \n· As announced on 6 June 2023, the long-term chrome processing partnership provides the potential for additional chrome processing capacity of 360 000 tonnes per annum targeting an additional 200 000 tonnes of chrome concentrate and adding an additional 10 000 PGM oz per annum to Inyoni's profile.\n \n· The expansion of the chrome operations comes at an opportune time with supportive chrome prices and strong market support further extending operating margins:\n \no A total of 24 500 tonnes of newly produced final chrome product already traded and on track to trade an additional 17 000 tonnes of metallurgical grade per month\no Expected to contribute an additional 60 000 tonnes of chrome concentrate for the half year ending Dec 2023 and 4000 PGM oz.\n \n· The Company is in advanced discussions to conclude its next partnership agreement targeting an additional 600 000 tonnes per annum processing capacity.\n \n \nCopper\n· Roll-out of copper expansion strategy in Zambia progressing ahead of schedule with all long lead items secured for Roan upgrade:\no D...