Business
Zambia Copper and SA Business Proposed Sale Update
Zambia Copper and SA Business Proposed Sale Update.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n\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 \n \nZambia Copper Portfolio Update and\nUpdate on proposed sale of SA business\n \nJubilee, a diversified metals producer with operations in South Africa and Zambia, is pleased to provide an update on its copper portfolio in Zambia and the implementation of its integrated production strategy. The Company continues to establish itself as a comprehensive copper producer, encompassing exploration, mining, concentrating, and cathode refining capabilities.\nJubilee's copper strategy has leveraged experiences and expertise from its South African processing business. Whilst the Company's South African operations are reliant on third party feed supply, Jubilee has acquired extensive copper resources in Zambia and developed a three-pillar diversified platform on the back of its growing presence in Zambia, with significant growth potential that includes:\n1. Integrated mine-to-metals business: Jubilee's Sable refinery (Sable) together with its nearby Munkoyo open-pit copper mine (Munkoyo) and Project G. In addition, Jubilee has secured extensive further exploration rights.\n· Munkoyo and Project G are being developed to be the anchor source of copper material for cathode production at Sable.\n· Further large-scale exploration properties secured to expand Jubilee's copper resource base.\n· Munkoyo is a series of nine open-pits. Resource drilling is underway to establish the potential of combining these pits into one large open-pit operation offering greater flexibility and scale.\n \n2. Processing of third-party copper feedstock: Jubilee's Roan concentrator (Roan).\n· The upgraded Roan is fully operational reaching 384 tonnes of copper units for the month of July 2025 alone, proving the s...