Jubilee Metals Group PLC Project Roan Achieves Nameplate Capacity (2397Y)
05 Septiembre 2022 - 1:00AM
UK Regulatory
TIDMJLP
RNS Number : 2397Y
Jubilee Metals Group PLC
05 September 2022
Jubilee Metals Group PLC
Registration number (4459850)
Altx share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or "the Company" or "the Group")
Dissemination of a Regulatory Announcement that contains inside
information according to UK Market Abuse Regulations. Not for
release, publication or distribution in whole or in part in, into
or from any jurisdiction where to do so would constitute a
violation of the relevant laws or regulations of such
jurisdiction.
Project Roan Copper Project Achieves Nameplate Capacity
Jubilee Metals Group PLC, a diversified leader in metals
processing with operations in Africa (AIM: JLP/Altx: JBL), is
pleased to announce that the newly constructed Zambian copper
concentrator, Project Roan, has reached nameplate capacity
following the successful commissioning and ramp-up of the
operations. Project Roan is a core component of the Company's
Zambian Southern Copper Refining Strategy which aims to produce 12
000 tonnes of copper per annum through the Sable Refinery.
Highlights
-- Southern Copper Refining project successfully completed with
nameplate throughput reached at Project Roan
-- Project Roan has been successfully ramped up to maintain its
design throughput rate of 110 tonnes per hour needed to produce the
targeted copper concentrate for refining at the Sable Refinery
-- Southern Copper Refining project targets to deliver 12 000
tonnes of copper per annum with a total capital investment of
approximately GBP 40 million
-- Project Roan broke ground in June 2021 and commenced the
ramp-up of operations during June 2022
-- Targeted production of 3700 tonnes of copper to December 2022
and 10 000 tonnes of copper for the full twelve-month period ending
June 2023 (4-fold increase in copper production)
Leon Coetzer, CEO, commented: "We are delighted to have reached
nameplate production throughput levels at our Project Roan
concentrator. This is a defining milestone that transforms our
operational footprint in Zambia. Despite a challenging construction
period marred by COVID-19 and supply-chain interruptions, all
construction activities at Project Roan were completed in 11 months
which is a remarkable achievement.
"The Southern Copper project in Zambia is a great example of the
Jubilee Way of establishing growth, requiring an investment of
approximately GBP 40 million to deliver a 12 000 tonnes per annum
copper cathode production capacity within two and a half years of
entering Zambia. This investment is a fraction of the industry
norm's capitalisation requirements per unit of copper.
"I am extremely proud of the Jubilee team's performance and
thank them for their dedication to deliver Project Roan at scale.
With the completed hand-over by the projects team, the operational
efficiencies will continue to be optimised under the management of
our operational team. Our projects team's focus now shifts on to
the commissioning and ramp up of the cobalt circuit as well as the
much larger Northern Refining Project."
5 September 2022
For further information visit www.jubileemetalsgroup.com or contact:
Jubilee Metals Group PLC
Leon Coetzer
Tel: +27 (0) 11 465 1913
PR & IR Adviser - Tavistock
Jos Simson/ Gareth Tredway/ Adam Baynes
Tel: +44 (0) 207 920 3150
Nominated Adviser - SPARK Advisory Partners Limited
Andrew Emmott/ James Keeshan
Tel: +44 (0) 20 3368 3555
Joint Broker - Berenberg
Matthew Armitt/ Jennifer Lee/ Detlir Elezi
Tel +44 (0) 20 3207 7800
Joint Broker - WHIreland
Harry Ansell/ Katy Mitchell
Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618
Joint Broker - Shard Capital Partners LLP
Damon Heath/ Erik Woolgar
Tel +44 (0) 20 7186 9900
JSE Sponsor - Questco Corporate Advisory Proprietary Limited
Sharon Owens
Tel: +27 (11) 011 9212
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDUVAVRUVUKRRR
(END) Dow Jones Newswires
September 05, 2022 02:00 ET (06:00 GMT)
Jubilee Metals (LSE:JLP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Jubilee Metals (LSE:JLP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024