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SeisNav

Did you notice the new videos on JLP website under operations on

Molefe mine

Sable

Roan

LME Copper

13347.00

0.58%

I wonder where the copper price will be by next year with the new eastern reef coming into production.

$14,000!!

Drilling has identified an extension of copper oxide mineralisation of approximately 250 metres to the east of the current mining footprint based on pXRF assessment. The Phase 2 drilling program is targeting this newly identified zone extending the focus further east up to the property boundary. Initial visual inspections of the phase 2 drill cores are encouraging supported by on-site XRF analysis indicating the potential to further expand near-term mining activities

Key updates to the near term mine plan

· Connecting Pit 2 and 3 to form an enlarged open-pit mine allowing for an increased mining rate

· Investment into approximately 4 months' development work to further enlarge pit area and connect the two pits which includes the removal of approximately 400 000t of overburden material

· Once complete, the mining rate of the copper reef increases to 60 000t per quarter (from the current capacity of 15 000t per quarter) post completion of the combined Pit 2 and 3, at an average stripping ratio of 6:1 (bcm:bcm), equivalent to six bank cubic metres of waste per bank cubic metre of ore

· This is achieved by widening the targeted copper reef zone to deliver an average copper grade of approximate 1.4% TCu to surface, prior to applying targeted ROM sorting to classify the reef into high-grade and medium-grade stockpiles

· High-grade ore will be trucked to Sable refinery for direct leaching with the medium-grade stockpile targeted for on-site processing prior to refining at Sable refinery

· Phase 2 drilling programme, commencing soon will target the further definition of the eastern extension beyond the current Pit 1 based on the early results from the Phase 1 drilling programme, which confirmed the existence of a significant extended copper mineralisation

By prioritising the direct processing of high-grade material while upgrading medium-grade ore on-site, we are accelerating cash generation and maximising value from the resource.

Importantly, our focus now extends to unlocking the full potential of the Molefe Project. Drilling of the eastern extension is the immediate focus of the Phase 2 programme, with the objective of progressing this area into construction and first production within the next 12 month

Importantly, the next phase of development which will commence with the Phase 2 drilling programme, is focused on the eastern extension of the resource with the objective of progressing this area into construction and thereafter production within the next 12 months

. This supports the continued expansion of the resource base, with further drilling expected to extend mineralisation along strike and increase the overall mine life. The Company believes this phased approach balances near-term production delivery with longer-term growth, positioning Molefe Mine as a reliable and scalable source of copper feed to its Zambian processing operations.

https://x.com/Jubilee_Metals/status/2036701933247819852

Hairdavey

Action taken on supply of sulphuric acid

By Zambia government

Zambia is one of the leading producers of sulphuric acid in the region; however, in August last year, the country experienced a shortage of the chemical, which is a critical input for the mining, manufacturing, and agriculture sectors.

The shortage resulted into a disruption of copper processing.

Minister of Information and Media, Cornelius Mweetwa, revealed at a briefing that, in a move to prevent a repeat of the shortage, Government has put measures in place to secure the local supply.

“Cabinet approved the issuance of a Statutory Instrument on the introduction of a permit-based export system on sulphuric acid, in order to ensure sustained availability for domestic industries, safeguard industrial output, and support Zambia’s copper production and economic growth agenda,” Mr Mweetwa said.

The permit system means companies cannot export sulphuric acid freely without approval. This ensures that enough of the chemical stays in the country to meet the needs of local industries that use the chemical.

Looks as if copper will be climbing to a new high with production going to be effected in those countries that Import sulphuric acid for the mining industry.

LME Copper

13284.50

1.77%

Action taken on supply of sulphuric acid

By Zambia government

Zambia is one of the leading producers of sulphuric acid in the region; however, in August last year, the country experienced a shortage of the chemical, which is a critical input for the mining, manufacturing, and agriculture sectors.

The shortage resulted into a disruption of copper processing.

Minister of Information and Media, Cornelius Mweetwa, revealed at a briefing that, in a move to prevent a repeat of the shortage, Government has put measures in place to secure the local supply.

“Cabinet approved the issuance of a Statutory Instrument on the introduction of a permit-based export system on sulphuric acid, in order to ensure sustained availability for domestic industries, safeguard industrial output, and support Zambia’s copper production and economic growth agenda,” Mr Mweetwa said.

The permit system means companies cannot export sulphuric acid freely without approval. This ensures that enough of the chemical stays in the country to meet the needs of local industries that use the chemical.

Galileo have through their drilling have discovered two anomaly eastern of Molefe and south.

The eastern reef is bigger than the rest of the mine.

The reef they have discovered is going in an eastern south direction from the mine.

Phase two is to discover the grading and depth

Plans are already in motion to fast track this new reef to production.

Galileo have done very well and results are soon to be announced.

Holes they may be but it’s what in those holes.

I expect 1 p will be history soon.

Copper broken $13,000

LME Copper

13053.50

1.62%

On production 5000 tons a extra $1000 increase is equivalent to $5 million

Kalan

We got the message at least three times you are not holding..

Why are you still here .!!

31,560 at 3.1495 is a buy

Copper production from Chilean state-run miner Codelco fell 9.8% year-on-year in February to 88,500 metric tons, data from copper commission Cochilco showed on Friday.

Production at BHP’s Escondida mine, the world’s largest copper mine, fell 7.4% to 105,000 tons. At Collahuasi, another major copper mine jointly run by Glencore and Anglo American

Junior

Use LME copper prices

Looking good

LME Copper

12845.50

1.29%

Thanks SeisNav

Can’t say I didn’t tell you.

I wait

For the offer $300-350 million or 10p a share.

Plus a payment for Galileo stake $4-5 million.

Ha ha I hope not to see a bid but with two multi nationals looking to sign a partnership on our waste dump it might be cheaper to take the lot for a cheeky bid.

Delay delay on resource updates or are the multi running through the numbers.

Either way I see the share price climbing

I think there was another deal going on and slater said no let’s focus on what we have.

We have $11 million in the bank and a guaranteed $15 million for the next 4 years

Leon likes to run before he can jump any hurdles.

I see Galileo will be working with them to develop what we have in Molefe area, Eastern reef and South eastern reef and pit G

Most will be glad we are not giving authority to issue any more shares.

If they want to have shares buy them back.

i think the share price has been held back by premier milton selling shares.

once the selling has finished we should see a rebound.

had the same situation in i3e of where they were selling and for the share price to fall.

company announced takeover.

****ed me off as i was receiving £1000 a month tax free dividends.

i notice 9 million shares were sold could this be the last.!!

2p lol wait till you see phase 2 drilling results and the targeting of production of the new reef by end of next year.

some bumps this year but we will get there.

i wait for the joint partnerships on the waste dump.

Northern shark

I don’t think most on here have a clue on what we have at Molefe

The phase 2 are targeting all around the Eastern Anomaly and an East south direction where we have 10,400 hectares.

The Molefe area could be huge with high grades above the industrial average.

My buying will continue when new funds arrive.

Will post when buying as it shows the PI who really are buying the shares.

Onwards and back upwards.

Can’t be long before the directors have an opportunity to buy.

Surprise no discussions on the withdrawal of 2 and 3

Strange investment strategy to sell just before phase two results and resource update and partnerships with waste dumps.

Good luck .

Personally I think your timing is poor we wait to see.

Junior

Sorry after returning from Japan I was full on in catching up with work.

I have always found Jonny honest and he doesn’t hide from problems when they may occur.

Let’s see what the presentation comes out with on phase 2 results on some of the drills results.

Tellysong

You have my vote on your post .

Such true words.