Jubilee Metals strong Q2 operational performance, on track to deliver against guidance

Jubilee Metals Group plc (LON:JLP), a diversified leader in metals processing with operations in Africa, has announced an operational and projects update to 31 December 2023. The Group has delivered a robust Q2 operational performance and remains on track to deliver against the production guidance for the 2024 financial year.

Operational highlights

·    Q2 FY2024 production figures:

o  Chrome concentrate production increased by 13.2% setting a new quarterly production record of 381 114 tonnes, (Q1 FY2024: 336 683 tonnes) benefiting from the Thutse Project reaching full production targets. 

o  Inyoni’s PGM production was maintained at 10 131 oz in what is traditionally a slower quarter (Q1 FY2024: 10 113 oz), with no third-party production in the period.

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