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Another 4 late trades gone through 86 million shares

Looks similar to the last trades going from one inst to another

Copper prices have once again exceeded US$10,000 a ton, or US$4.68 per pound, and at least one analyst thinks the metal’s ratio to the gold price could indicate a continuation of the recent rally in US stocks.

“This is significant, the copper price is often considered a proxy for global growth, and it has only ever breached this level a handful of times, most recently in March,” XTB research director Kathleen Brooks wrote in note to clients.

One of the key price drivers, she said, has been supply constraints, as the industry is facing mounting challenges including deeper mining operations, falling ore grades, and rising costs.

As well, demand has also been surging due to the transition to cleaner energy and AI demand for electricity, in which copper serves as an excellent conductor, she noted.

The analyst also pointed to the record low ratio between the copper and gold price, calling copper the “new gold” and stating that it could be copper’s turn to play catch-up as the red metal has been an important component of the AI trade.

AUTHOR: ROY MULENGA

Roy Mulenga

LinkedIn

With a unique lens of business journalism and ESG strategy, I bring storytelling, research, and analytical skills that are transferable to ESG consulting, policy advisory, or corporate sustainability analysis. I specialize in uncovering stories that highlight Africa’s progress toward responsible resource extraction, green mining innovation, and the socio-economic impact of ESG integration in extractive industries. I work closely with experts, mining operators, tech providers, and regulators to provide insights that drive more transparent, inclusive, and future-ready business practices.

The Company has also embedded a strong ESG (Environmental, Social, and Governance) strategy into its operations, particularly in Zambia. The company leverages renewable energy sourcing over 85% of its power from hydro to drive low-emission “green copper” production, while also reclaiming value from legacy tailings. On the social front, Jubilee supports local communities through clean water access, education, health services, and inclusive hiring. Its governance framework aligns with international standards, ensuring transparency and sustainable development. This integrated approach not only enhances operational efficiency but also reinforces Jubilee’s role as a responsible and future-focused mining company.

Turning Waste into Wealth

The focus extends beyond underground resources to extracting value from surface materials. The Large Waste Tailings Project, which contains over 240 million tonnes of waste rock, has entered commercial trials. By modifying the Roan front-end module, Jubilee is turning discarded material into economic opportunity. If successful, this project could change the way the region monetizes legacy waste.

Scaling with Purpose

Jubilee’s operational focus prioritizing run-of-mine (RoM) and previously mined materials mirrors the successful evolution of its South African chrome and PGM operations, with the added advantage of owning its feedstock supply. “We are excited to leverage our unique capabilities in processing transitional copper reefs, available in vast quantities,” says CEO Leon Coetzer.

The operations are also projected to produce between 2,300 and 5,100 tonnes of copper in FY2026. However, the long-term goal is far more ambitious. By leveraging exploration rights, third-party ore processing, and the reclamation of low-grade material, the company aims to scale production to 10,000 tonnes per year.

With operational efficiency, integrated infrastructure, and energy resilience all in place, Jubilee Metals stands out as a leader in Zambia’s copper resurgence. In a highly competitive copper belt, Jubilee’s data-driven strategy and proven delivery are positioning it as one of Southern Africa’s most promising emerging producers.

Jubilee Metals Group is carving out a new identity in Zambia’s mining sector through a strategy that’s as ambitious as it is transformative. At the core of its momentum lies a comprehensive copper vision one grounded in measurable milestones, not just promises. Borrowing the agility often seen in the BPO sector, Jubilee brings a similar mindset to mining: agile expansion, intelligent integration, and purpose-led innovation.

From Fragmented Assets to a Unified Copper Ecosystem

The company now regards its Zambian operations as part of a unified whole rather than isolated efforts. Three strategic assets anchor this transformation, the Sable Refinery, the Munkoyo open-pit mine, and the fast-developing Project G. Together, they form a self-sustaining value chain that drives efficiency, reduces costs, and accelerates production timelines.

The Roan Concentrator, a central piece of this strategy, now operates at full capacity. In July 2025 alone, it delivered 384 tonnes of copper units, exceeding the monthly target of 350 tonnes. This output reflects Jubilee’s renewed performance focus following earlier setbacks due to power instability.

Munkoyo and Project G Growth Engines in Motion

Since launching in mid-2024, Munkoyo has rapidly earned its place as a top-performing asset. Drilling results suggest Jubilee can consolidate multiple pits into a single open-pit operation, with sustainable output projected at up to 8,500 tonnes per month at an average grade of 2.5% copper. So far, the company has sent over 5,000 tonnes of high-grade ore to the Sable facility, proving that Munkoyo is far more than a satellite mine it’s becoming a cornerstone of Jubilee’s copper ambitions.

Meanwhile, Project G continues to mature. Jubilee increased its stake to 65%, signaling strong belief in the asset’s long-term value. By December 2024, Project G aims to produce 3,000 tonnes of pre-concentrate monthly, contributing around 350 copper units to the value chain. This increase highlights Jubilee’s capacity to extract full value from its investments.

Renewable Power A Strategic Advantage

In early FY2025, Jubilee’s copper production dipped by 14% due to power outages.But The Company has since signed a renewable power agreement with Lunsemfwa Hydro Power. This move guaranteed a stable energy supply across all Zambian sites and aligned perfectly with Jubilee’s environmental sustainability goals.

Since then, operations at Roan, Munkoyo, and Sable have enjoyed uninterrupted energy, freeing them from reliance on Zambia’s fragile national grid. This stability has removed a major operational risk and boosted investor confidence in Jubilee’s Zambian portfolio.

Recently posted

I like the last pictures of the copper

https://www.linkedin.com/posts/chris-koen-mba-4a5a09229_teamwork-zambia-smallscalemining-activity-7365807450702123008-yeKL?utm_medium=ios_app&rcm=ACoAAAXmzPoBiFi95iNFEW8QKplRImPW1esMb98&utm_source=social_share_send&utm_campaign=copy_link

Frustrating

It’s a shame we have certain shorters putting false information out on Jubilee .

Be careful what you say as I have seen a company take a blogger to court for mis information on posting on a forum.

Let’s put some true info on the forum for a change and those with knowledge keep posting to contradict those who have their own agenda in lowering the share price.

Munkoyo open pit operation's drilling program has commenced with the initial 8 drill holes completed in partnership with an established mining and exploration company. Drilling results are being reviewed by a competent person and the results will be released in due course.

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· Early indication from the drilling campaign suggests the potential to combine pits 2 to 4 into a single large open pit to offer increased mining flexibility and increased throughput to sustain the targeted high-grade ROM of between 6 500 to 8 500tpm at 2.5% Cu.

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· The new pit designs factored in the drilling results of the copper sulphide ore body discovery below the near surface copper oxide layer currently being targeted.

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· Discussions are in progress with an established mining and exploration partner to implement the further expanded Munkoyo and develop Project G while undertaking an exploration program of the newly secured exploration properties within the area.

Your second last post

Summit

Get a life.

Your last post is for the school play ground.

You’re not a child so grow up.

Jubilee metals has apparently entered a deal with a Zambian company and a Chinese company to sell the waste for the purpose of extracting zinc

Jubilee Metals Group (LSE:JLP) has announced that its Finance Director, Jonathan Morley-Kirk, acquired 1,000,000 ordinary shares on the open market on September 5, 2025. The purchase reflects a direct beneficial interest and may indicate confidence in the company’s future prospects.

The stock outlook highlights strong growth potential from Jubilee Metals’ Zambian copper operations and operational efficiency, balanced against financial pressures including declining profit margins and higher leverage. Positive corporate developments provide additional strategic support, though technical indicators suggest a cautious near-term stance.

Not long before we have a update on all our projects in Zambia

When you have the director who holds the purse with the money in buying then it’s an endorsement the company share price will be improving at these ridiculous low price.

Thank you for joining Jubilee .

Good morning Frogkid

Shame the rest of the board are not doing the same.

Iam really like are New FD

Putting his money in the company gives me confidence the shares will be rising in the future.

1 million buy

When acquiring EPL, Jubilee Metals stated that it intended to reprocess lead, zinc, and vanadium from the Kabwe mine waste.[100] Jubilee Metals representatives have subsequently informed Human Rights Watch that the company did not go ahead with these plans and is not mining or reprocessing any lead waste currently, nor has it done so in the past.[101]

Chatmandu

Think you will find they brought the dump earlier on and have since sold it this year as a non required asset for $12 million

The waste is been worked by the new owner of which income are paid in instalments to Jubilee on the sale.

Just like this to be confirmed by Jubilee

As they are never clear on who the non required assets have been sold to.

Https://www.jurist.org/news/2025/09/south-africa-company-responsible-for-lead-poisoning-in-zambia-rights-group-warns/

Hi JMK

Will the company be responding to this article.

I assume this is the resources we sold on for $12 million??

Harmproof

Can you STOP cluttering up the forum

12 posts is taking the biscuit.

Being retired doesn’t mean your life is being on a forum.

Get a life as you only live once.

Suggest you go to the AGM being retired you have plenty of time on your hands

then you can question to your heart content.

They will RNS when they are ready and have the contracts signed,the drilling done,the resources upgraded.

For someone who been on here only 6 weeks you are very impatient.

May be you be joining the long term shareholders??

I wish we could all invest and make huge profits like yourself but alas timing is key.

What was you avatar from the last 15 years of investing