Correct valuation3 Jun 2021 12:15
Highlights
· Option Agreement is exclusive to Jubilee, whereby they have six months to assess the technical merits, development and economic prospects of Caerus' mining assets in Cyprus
· The Agreement allows Jubilee, at its sole discretion, to identify one or more of Caerus' assets to be converted into Project(s) under a Joint Venture arrangement
· Jubilee's recent record demonstrates a rapid-growth and diversified metals processing company with strong technical management and a proven ability to move projects forward at a fast pace
· Caerus is a copper and gold development and exploration company focussed on Cyprus, and the owner of substantial stockpiles of copper and gold-bearing remnant ore and mining residues at-surface
· Caerus believes that the multiple large tonnage stockpiles of mining residues from the 16 former mines within its licence areas offer significant Joint Venture potential
· Jubilee's current market capitalisation is approximately GBP 400 million