Jubilee Metals’ value rockets as production, cash and profits all surge higher

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  • Jubilee Metals set to boost copper and cobalt refining capacity in Zambia
  • Jubilee Metals latest deal is a great bit of business says broker
  • Jubilee present ‘stellar performance’ for six months to June, with operational and earnings growth
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Quick facts: Jubilee Metals Group PLC

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Jubilee Metals Group PLC is an industry-leading metal recovery business focussed on the retreatment and metals recovery from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations.

The company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals (PGMs), chrome, lead, zinc, vanadium, copper and cobalt.

24 Aug 2021

(, , , ) has agreed to work with Mopani Copper Mines PLC, a subsidiary of ZCCM Investment Holdings PLC, to create additional copper and cobalt refining capacity in Zambia.

“The agreement will see Jubilee refurbish and expand some of Mopani’s processing facilities currently not in use and removes the need to build a new processing facility to process the nearby tailings deposits we secured last year,” said Leon Coetzer, chief executive of Jubilee.

Under the project, Jubilee will be able to refine the copper and cobalt concentrates produced at its Kitwe and Luanshya copper and cobalt tailings in Mopani’s processing facilities in Northern Zambia. Jubilee’s Sable Refinery in Southern Zambia will refine concentrates produced by its Project Roan, currently under construction and set to start commissioning in November 2021, as well as its copper tailings at Kabwe and contracted third-party ore suppliers.

The additional refining capacity will increase Jubilee’s existing capacity by 17,000 tonnes of copper per annum. Together with the Sable Refinery, Jubilee’s total potential refining capacity could increase to more than 31,000 tonnes per year, exceeding its 25,000 tonne target.

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06 Aug 2021

(, , , ) chief executive Leon Coetzer described an exceptional performance in the six months ending June 30 2021.

Coetzer highlighted that the company saw growth in each of its core business units – platinum group metal, chrome and its copper operation in Zambia – with the latter seeing its first earnings during the period.

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19 Jul 2021

Caerus Mineral Resources PLC (LON: CMRS) has commenced a second phase of drilling at the Troulli copper-gold project in Cyprus.

Troulli is the flagship property in the suite of assets acquired from the recent takeover of PR Ploutonic Resources Ltd.

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24 Aug 2021

(, , , ) has done “a great bit of business” according to stockbroker WH Ireland, which sees a compelling investment case for the miner following its latest deal.

The company today announced it has agreed to work with Mopani Copper Mines PLC, a subsidiary of ZCCM Investment Holdings PLC, to create additional copper and cobalt refining capacity in Zambia.

Under the project, Jubilee will be able to refine the copper and cobalt concentrate produced at its Kitwe and Luanshya copper and cobalt tailings in Mopani’s processing facilities.

Read more

06 Aug 2021

(, , , ) (AIM:JLP, FRA:JI5, JSE:JBL, ) chief executive Leon Coetzer joins Proactive London to discuss their ‘stellar performance’ in the six months ending June 30 2021.

Coetzer takes viewers through all of their core business units – with platinum group metal, chrome and its copper operation in Zambia.

Jubilee reported GBP40.1mln of attributable operational earnings for the first half, on GBP75.6mln of revenue which represents a rise of 46% on the comparative period of 2020.

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