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

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

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

NRAGUGDUIXGDGBS

(END) Dow Jones Newswires

May 04, 2021 02:00 ET (06:00 GMT)

Jubilee Metals (LSE:JLP)
Gráfica de Acción Histórica
De Dic 2021 a Ene 2022 Haga Click aquí para más Gráficas Jubilee Metals.
Jubilee Metals (LSE:JLP)
Gráfica de Acción Histórica
De Ene 2021 a Ene 2022 Haga Click aquí para más Gráficas Jubilee Metals.