Member Info for Happydays43

There is plenty of anticipated news to come. We've had a nice rise on the back of lots of news flow TO STILL ARRIVE. UNFORTUNLEY seems like there is slippage again unless it comes today. They do like Thursday's lets see.

I agree, we have had a nice 20% rally... need some solid news out before we start drifting..

Once the SA business is sold off Leon will be able to focus on Copper and Cobalt.. Sa business must be taken up a huge percentage of his time.

To me that reads as if the plant was completed end of May 2023.

So they should be very capable to pivot to to produce 450 tonnes per month of cobalt hydroxide (125 tonnes of contained cobalt) almost immediately.

24th April 2023

"At Sable, Jubilee successfully completed the first cobalt production runs from waste and looks to increase the capacity to be able to produce 450 tonnes per month of cobalt hydroxide (125 tonnes of contained cobalt) from recycled waste alone by the end of May 2023. This additional capability offers Jubilee the flexibility to pivot between copper and cobalt production guided by prevailing market conditions. Cobalt prices have depreciated sharply over the period with cobalt hydroxide prices reducing by 76% from its highs during April 2022. Cobalt production has therefore been halted and will resume once the market displays signs of recovery."

Will be interesting to see if Cobalt gets a mention in the next update..

I really hope Leon sheds more light on this... seems like a hidden gem... not sure why it hasn't been more publicly vocalized... maybe now that Cobalt prices have recovered it will be more pronounced in future RNS's.

Was this actually commissioned? So we are using the Albion ProcessTM method? Seems like everthing in place already to produce Cobalt?

Someone on the other platform lead me to this PDF... can this be verified?

Were we aware of this info before... i can't remember anyone pasting it?

Https://www.glencoretechnology.com/.rest/api/v1/documents/5ac757b950bc757ee35cc9ec62b58cf6/First+Commercialisation+of+the+Albion+Process+for+Copper.pdf

The Sable Zinc Kabwe Limited ("Sable") process plant is located 2km south of Kabwe town and

140km north of Lusaka in Central Province, Zambia. In 1902 rich deposits of zinc and lead were

discovered with mines and processing plants operating in and around the town until mid-1994. In

2000, the Kabwe Mine tailings dams were sold to Sable , a newly established company, as part of a

purchase deal for other plots and facilities. Up until 2004, Sable produced zinc cathodes in an SX/EW

plant treating wash plant tailing material. In 2004, Sable was acquired by the South African mining

company Metorex Limited ("Metorex") and in 2006 a copper/cobalt SX/EW plant was built to produce

copper cathode from malachite ore supplied from the Democratic Republic of Congo. In 2011,

Jinchuan Group International Resources Co. Ltd acquired Metorex and Sable was in turn sold to a

subsidiary of Glencore Plc ("Glencore").

Glencore placed Sable on care and maintenance in November 2014 due to a decline in commodity

prices coupled with the cash flow restrictions caused by the withholding of Value Added Tax refunds

in relation to Rule 18(1)(b) by the Zambia Revenue Authority.

In 2015, Glencore evaluated the potential for the Albion ProcessTM to treat low grade concentrates

that could not be treated by smelters due to a number of limitations including current blend fed to

the copper smelter, low copper grade, low fuel content due to non-sulphide content, high cobalt

content and high impurities such silica or alumina. Testwork was performed on a range of samples

to make an assessment of process flexibility and, critically, copper and cobalt recovery.

Following this successful testwork, a decision was taken to convert the existing Sable copper/cobalt

plant to an Albion ProcessTM plant capable of treating copper/cobalt concentrates containing

refractory minerals such as chalcopyrite (CuFeS2) and carrollite (CuCo2S4). The conversion will make

use of existing infrastructure such as the stainless steel oxide leach tanks, the cobalt recovery circuit

and the copper SX/EW plant. The plant nameplate is 16,000 tonnes per annum LME Grade A copper

cathode. Cobalt will be recovered through the existing carbonate precipitation process.

The Albion ProcessTM is an atmospheric leaching process to oxidise refractory gold and base metals

concentrate in a ferric/ferrous sulphate system for downstream recovery to final products. The

technology is provided globally by Glencore Technology ("GT"). The process comprises two steps.

The first is an ultra-fine grinding step performed in an IsaMillTM to grind the mineral concentrate

down to a size where reaction products in the oxidation step to do not passivate the mineral surface

and inhibit leaching. The second step is the oxidation of the ultra-fine ground concentrate throu

Plenty news coming shortly..

I wonder if they can still extract cobalt from what's left over after copper extraction? In that way create a stockpile of cobalt material?

Jubilee, the Zambia copper focused producer, is pleased to provide an update on its Three-Pillar Strategy in Zambia as well as certain non-core assets. Operational results for Q1FY2026 are expected to be released over the coming (four) weeks.

This was taken from the RNS released 6th October... does that mean we should be expecting the copper operation results this week?

Im sure the Oak bloke said Sable once upgraded will be worth more than our current market cap? Did he say 200 million dollars?

I agree 4everlong, a bit of good news might go a long way...

This is exactly why Global X Copper Miners ETF) is up 64% this year.

Jubilee Metals has a long way up to catch. Down 20% this year.

Also expecting a mining agreement (Project M and G and surrounding areas )to be finalized this month.

Look for nine man made dirty swimming pools.

On the 6th of October just 3 weeks ago they announce the below. They must have been very confident there would be a finalized this October.

"The Company continues its joint venture discussions with potential partners to undertake, on its behalf, the resource review and mine planning for the wider Molefe district inclusive of the secured additional permits, allowing the Company to focus on the implementation and expansion of the processing solution. The Company has an internal target date of end-October to finalise these discussions."

Good to see some well respected II's buying up the cheap shares. Seems like this is the bottom IF there is no more bad news and more news of ramping up output.