Member Info for HarmProf

Metal Trade, Jubilee sold 10 million tonnes of high-grade LWP tailings for $6.75 million because Roan wasn’t ready to process them at the time — the plant lacked full front-end capacity, logistics, and the processing knowledge for that material. The sale generated cash and allowed the third party to process the tailings, providing data that Jubilee could later use. Separately, Roan is now processing fresh ROM copper feed from a nearby mining operation. This ROM material (~1.5% Cu) allows Roan to run at 35–40,000 t per month, optimise processing recipes, and secure long-term supply. In short, the tailings sale and current ROM feed at Roan are two distinct strategies at different times, serving different objectives.

Actually, Jubilee is currently dependent on third-party feed to run Roan at target levels, according to several RNS statements. So, to state that they not dependent is the opinion by the resident.

LWP is something not defined well. Tailing resources all over Zambia. Let us focus on Molefe, and Project G, perhaps cobalt.

Cotreal, read up about interpretation and country where they use Jammer. My home country!

Gotreal, the Bloke Oak is doing a great job! Independent, but a PR for us! Wonderful! He is promoting Jubilee! No offense, just try to explain.

Jammer, yes he is a PR office for Jubilee!

Sorry, Gotreal do not respond> Project G got potential, but no production data jeet. Apology!

Gotreal, targeting, promising. The facts please! How much and when!

HappyDays, spot on! My take they have not yet committed funds.

Bobbill, thank you. Communication should always be focused on the audience, but I have no idea what they mean by this. JMK, please explain

Gotreal Project G was producing before we acquired it... Could you provide facts: what and how much?

Thank you, Seis — much appreciated. It feels as though we’ve finally turned the corner in Zambia. At last, there’s a bit of light at the end of the Jubilee tunnel for the long-term holders!

The RNS has had no immediate impact on the share price — and that’s actually good news. Previously, any release of information triggered a drop, but this time the price is holding firm. The share price is stabilising while broader markets are under pressure. A positive sign for Jubilee.

Gotreal, you need a cup of coffee! Instead of buying more resources (land, tailing, etc.), focus on getting copper production moving. No share buybacks, no dividends — just get the priorities right first.

Gray, I sincerely hope Jubilee will deploy their available cash wisely and acquire the necessary concentrators for Molefe and LWP. It’s time to start utilising those assets properly.

Froggie!

Chatmandu, I’ve fallen into the trap of adding more before the data is released, simply because I feel I can’t afford to fail. It’s not ideal, but that’s where I am at the moment. Ego issue!

MetalTrade, you’re absolutely right about JMK. I approached him too firmly, and when I queried aspects of the JV with One Chrome and the omission of forward modelling for PGM and chrome, he immediately referred me to lawyers. It’s not ideal for an FD. He’s capable, but he needs to mature in how he engages with shareholders

MetalTrade, it looks like a viable option to get cobalt processing underway even though the supply issue isn’t fully resolved yet. I stand to be corrected, and those with inside knowledge should help us understand this better. Any views or advice?

Apology for the many postings!

Https://mybroadband.co.za/news/energy/617298-one-jse-listed-company-only-achieved-0-1-of-its-most-important-target.html

Read this article and Jubilee is different.

MetalTrade, I’d invest aggressively in concentrators to get the LWP project moving. I don’t understand the hesitation. The same applies to Molefe—focus on investing in the existing assets rather than acquiring more, and lift the copper grade so they can sell at a higher percentage. What’s your take on this approach?