Kore Potash PLC Share News (KP2)

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3.05 0.00 (0.00%)

Bid:

2.90

Ask:

3.20

Spread: 0.30 (10.345%)

Market Cap: £157.87m

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IN BRIEF: Jubilee Metals in advanced stages to finish copper ore tests

Wed, 30th Apr 2025 11:26

Jubilee Metals Group PLC - London-based metal processing company with projects in South Africa and Zambia - Says it is at the advanced stages on concluding the trials of the processing of various high-grade copper ores at its Roan copper concentrator plant in Zambia. The results from these trials will be used to select material for a targeted long-term supply agreement, it says. Expects the finalisation of the trials to be completed over the coming two weeks.

To date, the initial results have confirmed the potential for Roan to maintain a significant increase in copper production rate on the high-grade copper material, Jubilee says. The trials have been delayed slightly by the in-circuit adjustments to Roan, required to optimally process the various compositions of materials, Jubilee Chief Executive Officer Leon Coetzer says.

Jubilee also says the ramp-up of the Munkoyo Open-Pit mine operations remains on target to achieve 8,500 tonnes per month of high-grade run of mine.

Current share price in London: 2.93 pence, up 2.9% Wednesday

12-month change: multiplied from 0.53p on April 30, 2024

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com