Jubilee Metals Group PLC (LON:JLP/Altx: JBL), a diversified leader in metals processing with operations in Africa, has announced its first quarter operational report to 30 September 2023. The Group has delivered a strong Q1 operational performance and remains on track to deliver against the production guidance for the 2024 financial year (“FY2024”).
Operational Highlights
· Q1 FY2024 production figures achieved were:
o Production of chrome concentrate increased to 336,683 tonnes (Q4 FY2023: 344,315 tonnes). Chrome production rates are expected to continue to increase with the additional processing capacity provided by an additional chrome processing module, completed in August (the “Thutse Processing Module”).
o Inyoni’s PGM production increased to 10,113oz (Q4 FY2023: 9,350oz), with no third-party production in the period. The PGM production rate is expected to further benefit from the increased feed rate from the Thutse Processing Module operating at design capacity.
o Copper cathode and copper in concentrate produced was 934 tonnes (Q4 FY2023: 653 tonnes). Project Roan’s upgrade which commenced in September 2023, has necessitated the stoppage of the feed classification circuit which will disrupt processing at Roan for 16-weeks until December 2023.
· Lost Time Frequency Injury Rate (LTFIR) for South Africa improved to 1.44 (Q4 FY2023: 1.5). While The LTFIR for Zambia improved to 2.36 (Q4 FY2023: 2.37).
