Leon Coetzer, CEO of Jubilee Metals Group (JLP.L) Interview

Nov 05, 2020, 10:55 AM

Execution of further copper tailings transactions

Jubilee Executes Further Key Copper Cobalt Tailings Transactions Nearly Doubling its Rights to Copper Tailings in Zambia

Jubilee Metals Group ("Jubilee" or the "Company"), the AIM and Altx traded metals processing company, is pleased to announce that it has successfully concluded further copper tailings transactions to secure the rights to an additional approximately 115 million tonnes of copper and cobalt containing surface tailings in Zambia (the "Tailings"). These transactions are in line with its stated strategy to expand operations in the country and are in addition to the already approximately 155 million tonnes secured, as announced previously, significantly contributing to future sustained earnings.

Leon Coetzer, CEO of Jubilee, commented: "These Agreements, together with the previous rights to material already secured, have resulted in Jubilee having access to an extensive copper and cobalt containing resource, which importantly is at surface and able to generate long term quality earnings. The implementation of our Zambian copper strategy has been carefully designed and aggressively pursued by the Jubilee team in a very short amount of time. It targets to rapidly replicate at a much larger scale our success achieved in the re-processing of PGM and chrome tails. 

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