IN BRIEF: Jubilee Metals delivers upbeat Molefe Mine drilling results

Jubilee Metals Group PLC - London-based metal processing company - Says the phase-one infill drilling results confirm the continuity of near-surface copper oxide mineralisation and consistency of grades at its Molefe copper mine in Zambia. Results support the Molefe mine's expansion plan, and Jubilee's strategy to secure high-quality copper feed sources from owned resources to underpin its growing processing operations in Zambia.

"We are very excited by these results, delivered in a few short months, which confirm the apparent continuation of the high-grade copper reef close to surface that is currently being accessed at the Molefe mine operations," Jubilee Chief Executive Officer Leon Coetzer says. Notes that phase-two drilling is currently under way by project partner, Galileo Resources PLC, targeting the eastern extension to determine the full extent of the mineralised zone.

Current share price in Johannesburg: 81 rand cents, up 6.6% on Wednesday

12-month change: down 4.7%

Current share price in London: 3.44 pence, up 4.1%

12-month change: down 7.2%

By Artwell Dlamini, Alliance News senior reporter South Africa

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