Member Info for Sirboring

Jubilee likes treating there shareholders like they are church donors. They must give their money but are not entitled to news of the company.

I can tell y'all for free their will not be a mining partner announcement or an ore body report stating their reserves.

Copper will make a massive loss when they separate the PGM contribution.

Leon will make promises about what is gonna happen but fail to execute.

The AGM they won't have in person. It will be done electronically and only selected questions will be answered.

None will address their incompetence in communication.

No mention of improvement in execution or even sticking to their own targets.

Definitely a downward revision of actual production and then a promise of when some project in 2028 comes online they can double it while bleeding cash.

Remember your health is your wealth

Hi All,

This delay in both an update and the audited AFS.

Clearly shows the copper loses are out of control and eating capital like free rice.

Everyone is going to argue and some are going to speculate about 2027. Facts are this the copper is extremely capital intensive and the removal of the pgms exposes this and they definitely fighting with their auditors on presentation changes and disclosures.

These operating entities should have separate cost structures and it seems then a head office with allocated cost. Why would a sale delay the audited results unless massive impairments are now realised.

Also jubilee why can't jubilee seem to find a mining partner? Do they have sufficient quantities for a partner to be interested in their JV

To many unanswered questions and to many speculation. Old updates can't be used as source of information cause this company has no strategy. Just go with what ever mental price increase then we jump on the wagon

We definitely getting audited results in December and our interim results in march 2026.

The update gonna be alot of information with the underperformance hidden in the middle and 3 rows from the bottom.

Remember your health is your wealth

We can argue all we want Jubilee has assets they can not monetized while the cost for these assets are draining their bank balance.

The failure in the copper project is solely cause of Roan not being able to process the grade of the LWP dumps.

Cause why are we processing third party tailing we should be processing the LWP dumps as these would be cheaper and less strain on the cashflow.

From 1 July to 30 September 2025 did we just produce 915 tones of copper and this was bought ROM from third party mines ? so we are opening ourselves to the same risk from the Chrome business ?

So what are the other assets producing and their copper content ?

The problem is the entire Zambia copper strategy is built on Roan and so far its failing to produce even a stable 300 tones a month and worse its producing less units high yielding copper material.

Its clear when they tested that 15 million tones with IRH. Roan completely failed to deliver targeted volumes.

"Jubilee is targeting to complete an industrial trial of approximately 15 000 tonnes of the Waste Rock material through targeted sampling of the material and processing the bulk sample through the newly implemented Roan front-end plant"

We never got results or told how much copper was yielded from these trials.

I am not in the add hope business just telling the realities and preparing those with open eyes for the up coming RNS/SENS of constant disappointments and deception of shifting the goal post

@Chatmandu

Leon would disaggregate the copper production information this would expose Roan under performance. We are going to underperform copper production for this year and Leon going to say this going according to plan. He constantly moves targets.

That longwinded copper update could have been a one pager what was produced and whats is the initial target cause in the process of getting approval for sale of the PGM business Roan monthly target was 350 and he claimed they constantly exceeding it now come quarterly update we see 915 tonnes of copper at minimum Roan should have processed 1050 where has the overperformance gone ?

Why has no assay results been released on these mines we have obtained and sable should have been completed this year but it mostly likely will be brought into production in H1 FY17.

Leon is aware for his failures he will not be held accountable while collecting cash and not having a significant interest

Jubilee the one entity that has every outside factor going for them making themselves a 10 bagger but the incompetence of management. These delayed results telling me their are significant impairments and underproduction of copper.

This increase in platinum price shows we sold the PGM business way too cheaply and didn't even try to look for other buyers. Theirs no reason to celebrate cause after December we will not have platinum expose just straight up copper excuse and moving targets.

We easily left 150 million dollars on the table now we being paid with our own platinum profits

Seems like someone heading for the door. The results must be ugly

If you want to see failure go look at the market update in 2021 and see the figures given and time lines and compare to where we are now.

Then management gives us updates talking about progress when we went backwards as a company

We need to request as a collective from Jubilee to start publishing monthly roan production ( must publish within 5 business days the previous months production) and compare this to their monthly target of 350 tones of copper. Jubilee was supposed to produce at minimum 1050 tones for first quarter of FY26. They already behind 135 tones and this a clear indication they are going to miss their own production targets for the FY26. Their selective transparency is deceptive and then we all are shocked at them missing their own targets or forced into unprofitable deals.

So did they realise they can't produce a constant volume of copper before or after selling the PGM producing business?

Why 4 years later nothing material has happened with the LWP?

Every project to supply copper is delayed?

But the cash cow was sold without having a plan to replace that cashflow

1.57 pence

I can not underestimate the Jubilee management ability to destroy value when everything is in there favour

I have a question?

We are processing third party ROM but are buying the copper or we processing it and selling it back to their initial party we are receiving it from?

Also what type of supply agreements are in place for this copper material ?

Why is our own supply taking so long to come fruition cause its been 3 years atleast with this LWP ?

Cause it seems are now dependent on third parties and was that not the excuse used to give away the platinum business

This business is going backwards significantly we sold a profitable business with our unique patents for one that barely breaks even and constantly requires capital something its investors tried to avoid from the mining business

We are terrible at copper and we sold the cash cow even before making break even on Copper.

The loses for these underproduction will have us burning through the proceeds of the sale with nothing tangible to show.

If their was anything tangible jubilee would have pursued it. IRH definitely saw something broken in the copper operations and walked away.

Leon not releasing the testing results of the LWP shows us. He knows he got a lemon like the sourness of Roan.

They definitely going to talk about a dividend or buyback in the AFS cover the stanch of their decisions

Thats exactly what happened Roan was pushed hard to make Zambia look more favourable knowing they can not maintain those output levels.

Every report is a story and change in targets and we are left to argue with people who believe in stories instead of realities

-These numbers are showing why Leon not publishing monthly production figures

-That purchase of shares was tactically done to delay this production update but why not publish the annual results ? they have a june year end their AFS should be finalised.

-Also why they doing worse when all their efforts are on copper and also they telling us the same thing every quarter update ?

-Where is the mineral reports on these coppers pits estimating the copper holdings

-Jubilee literally gave away their cash cow for something that strangled them of cashflow

The mining house that margin called Jubilee platinum assets will definitely be able to pay them back within one year but will drag out the payment to the full term.

Those sales make sense cause Jubilee failed to execute and deliver on what they promised in AFS since 2021 and if you add the time value of money and opportunity cost into consideration Jubilee makes a loss on disposal of their platinum processing business. Looked more like a bail out than a sale

I do not understand why we take the full 3 months to release results.

They also need to show Copper separately has that will be the focus of the business going forward cause we will not be able to compare anything.

Any SENS with forward looking information can be ignored Jubilee can not execute any plans. Their will not be any LWP project partner