Jubilee Metals Group Plc · LSE:JLP
Jubilee Metals — FY2024 Earnings Presentation
20 slides from Jubilee Metals's earnings presentation, October 2024
Slide 1: Overview of FY2024
Overview of FY2024 October 2024
Slide 2: Disclaimer
Disclaimer Important notice: All reasonable care has been taken to ensure that the facts stated in these The distribution of these presentation materials in other jurisdictions may be presentation materials are accurate and that any forecasts, opinions and restricted by law, and persons into whose p
Slide 3: Disclaimer
Disclaimer Important notice: Statements in this presentation that address exploration activities, mining potential and future plans and objectives of Jubilee Metals Group are forward-looking statements and forward-looking information that involve various risks, assumptions and uncertainties and are
Slide 4: Our business
Our business Overview: Jubilee Metals Zambia: South Africa: • Listed on LSE’s AIM:JLP and JSE’s AltX:JBL Copper Chrome and PGM • FY2024: 3 422 tonnes • FY2024: 1 548 205 tonnes • Profitable, diversified, low-cost metals producer copper produced • Capacity - Roan being chrome concentrates • Unlocking
Slide 5: FY 2024 Key Highlights
FY 2024 Key Highlights Financial performance Group revenue Cu Cu revenue revenue Cr revenue PGM Crrevenue revenue Revenue by product (%) US$205.4m US$18.5m US$150.2m US$36.7m FY2024 + 20.2% - 8.9% Cu revenue + 54.8% - 31.4% (FY2023: US$170.9m) (FY2023: US$20.3m) (FY2023: US$53.6m) PGM (FY2023: US$97
Slide 6: Production
Production Copper Chrome Tonnes PGM ounces 7,000 1,800,000 60,000 1,650,000 1,600,000 1,548,205 6,000 5,850 50,162 50,000 1,400,000 1,289,890 5,000 40,743 41,586 42,433 1,207,947 1,200,000 40,000 36,411 36,000 4,000 1,000,000 3,422 30,000 2,923 800,000 751,223 3,000 2,269 600,000 20,000 2,026 2,000
Slide 7: Operational review Zambia
Operational review Zambia
Slide 8: Jubilee Zambia Strategy
Jubilee Zambia Strategy Jubilee’s operational strategy in Zambia Open-pit mining Previously Previously operations mined material processed material Targeting 3% Cu Targeting 0.8-1.5% Cu Targeting 0.3% Cu ▪ Munkoyo Mine operations ▪ Project Phoenix has commenced ▪ Roan currently processing commenced
Slide 9: FY 2024 – Zambia
FY 2024 – Zambia Significant milestones reached, providing a foundation for growth ▪ Significant investment to expand copper production capabilities ‒ Overall capacity of Roan increased to 13 000tpa of copper ‒ Expansion of Roan concentrator completed with commencement of production post year-end ‒
Slide 10: Copper growth strategy
Jubilee LO Metals Group ~
Slide 11: Jubilee Zambia Strategy
Jubilee Zambia Strategy Zambia Critical Growth Drivers Expanding Processing Footprint to reach 25 000tpa Cu • Sable Refinery expansion to reach 16 000tpa Cu • Expansion includes upgrade of aging front end ore processing section; commission second tank house to expand copper cathode plating; upgraded
Slide 12: Jubilee Zambia Strategy
Jubilee Zambia Strategy Zambia Open Pit copper reef opportunity Roll-out of Mine to Metals solution through regional processing modules as feeders to Refinery ▪ Develop regional hubs targeting 3 to 5 mines that share a dedicated in-house developed, processing module to upgrade ore. (similar to Roan
Slide 13: Zambia – Outlook FY 2025
Zambia – Outlook FY 2025 Fulfilling the potential ▪ Copper units full year production guidance: 5 850 tonnes - 7 500 tonnes ▪ Roan concentrator: ‒ process both historically mined low-grade stockpiled material and previously processed materials ‒ Combined processing capacity of up to 13 000 tonnes of
Slide 14: Operational review South Africa
Operational review South Africa
Slide 15: Jubilee – Chrome Strategy
Jubilee – Chrome Strategy A record year for chrome production FY2024 Chrome tonnes produced ▪ Driving to increase proportional chrome production exposed to Non- contracted chrome market vs fixed margin tolling agreements 45% ‒ Chrome market fundamentals remains supportive with further structural shi
Slide 16: FY 2024 – South Africa
FY 2024 – South Africa A record year for chrome production ▪ LTIFR in line with FY 2023 at 1.62 days ▪ Chrome operations delivered 1 548 205t of chrome concentrates ‒ 20.0% year-on-year increase (FY2023: 1 289 891 tonnes) ‒ Contributed to 73.1% to the Group’s revenue ‒ Chrome prices remain strong un
Slide 17: South Africa – Outlook for FY 2025
South Africa – Outlook for FY 2025 Building on a successful FY 2024 ▪ Chrome full year production guidance: 1.65 million tonnes (6.6% increase year-on-year) ▪ PGM full year production guidance: 36 000oz (similar year-on-year) ▪ Two additional chrome modules currently being completed ‒ targeted to be
Slide 18: Looking ahead
Jubilee DO Metals Group
Slide 19: The Focus for FY 2025
The Focus for FY 2025 Innovation driving operational excellence ▪ Innovative Growth Strategy ▪ Waste Rock Project Acquisition ‒ Expand operations to exceed 25 000t per annum ‒ Commercial trial in November 2024 of copper ‒ Full commercial trial with 15 000 tonnes to be ‒ Implement modular processing
Slide 20: Thank You
THANK YOU AIM:JLP and JSE’s AltX:JBL