A Johannesburg-listed company, in strategic partnership with a Middle Eastern conglomerate, has secured one of the largest copper waste rock assets on surface in Zambia.
JSE AltX company Jubilee Metals, in partnership with International Resources Holding (IRH) of the United Arab Emirates, is to recover copper from the estimated 350-million tonnes of dumped material, which early preliminary surface sampling results indicate has zones with grades higher than 1.5% copper.
While IRH has undertaken to provide all capital required through a combination of equity and shareholder loans, Jubilee has been appointed to design, implement, and operate the mining and processing solution.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
