Jubilee Metals Group PLC Jubilee expanding its international footprint
04 Mayo 2021 - 01:00AM
RNS Non-Regulatory
TIDMJLP
Jubilee Metals Group PLC
04 May 2021
Registration number (4459850)
Altx share code: JBL
AIM share code: JLP
ISIN: GB0031852162
Jubilee Metals Group PLC
("Jubilee" or "the Company" or "the Group")
Jubilee expanding its international footprint - assessment of
copper and gold assets in Cyprus
Jubilee, the AIM and Altx traded metals processing company
refers its shareholders to the announcement released today by
Caerus Mineral Resources ("Caerus") (LON: CMRS), an exploration and
resource development company focused on developing mineral
resources in Cyprus with a focus on copper and gold. Jubilee has
entered into an agreement with Caerus ("Exclusivity Agreement")
granting Jubilee a six-month exclusive period during which Jubilee
will assess the technical merits, development and economic
prospects of all of Caerus' surface-based mining waste and tailings
assets in Cyprus.
The ultimate objective of the Exclusivity Agreement is to
identify and define potential projects within the Caerus portfolio
that can be scaled-up and prioritised into one or more joint
venture arrangements with Jubilee, targeting profitable production
using modern designs and technologies guided and financed by
Jubilee. Jubilee would become operator of any assets which may be
developed under any joint venture with Caerus. Caerus would retain
ownership of any assets and Jubilee would benefit from a profit
share.
The announcement recognises Jubilee's international brand and
expertise in metals processing. The access under the Exclusivity
Agreement to assess the Caerus copper and gold assets are
consistent with Jubilee's continuous review of various global
opportunities that could benefit from Jubilee's proven expertise in
the processing of historical waste dumps.
This Exclusivity Agreement offers potential access to copper and
gold grades in waste stockpiles that, with the dramatically changed
commodity price environment for copper today, are significantly
higher than was historically expected within the copper
industry.
Jubilee looks forward to working with Caerus under the
Exclusivity Agreement to evaluate the overall potential of the
surface-based mining waste and tailings assets in Cyprus.
United Kingdom
4 May 2021
**ENDS**
For further information visit www.jubileemetalsgroup.com or contact:
Jubilee Metals Group PLC
Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913
Broker - Shard Capital Partners LLP
Damon Heath/Erik Woolgar
Tel +44 (0) 20 7186 9900
Joint Broker - WHIreland
Harry Ansell/Katy Mitchell
Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618
JSE Sponsor - Sasfin Capital (a member of the Sasfin group)
Sharon Owens
Tel +27 (0) 11 809 7500
PR & IR Adviser - St Brides Partners Limited
Catherine Leftley/Charlotte Hollinshead
Tel +44 (0) 20 7236 1177
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