Jubilee Metals Group PLC - London-based metal processing company, with projects in South Africa and Zambia - Says Roan copper concentrator is on track for commissioning by end of the first quarter of this calendar year. In an update on copper operations in Zambia, says manufacturing and testing of the new 50,000 tonnes per month copper processing module is now completed.
At Sable Refinery, engineering designs for a new copper concentrate line are underway. Construction is on track to start in the second quarter. Says it has agreed an option to acquire Munkoyo project for up to USD1.5 million. Notes that processing trials at its copper waste rock venture offer opportunity to further scale the project. "I am very pleased to announce significant progress across our copper portfolio in Zambia including the discovery of a new large scale one kilometre long copper anomaly at our Munkoyo project," Chief Executive Officer Leon Coetzer says.
Current London stock price: 5.26 pence, up 3.1% on Thursday afternoon
12-month change: down 56%
Current Johannesburg stock price: ZAR1.30, up 6.6%
12-month change: down 48%
By Artwell Dlamini, Alliance News reporter
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Jubilee Metals (JLP)