Jubilee Metals Group Plc (LON:JLP) has taken decisive steps to stabilise its operations and accelerate copper production in Zambia, according to a new research note from Zeus Capital. With a stable power supply now secured and a significant copper material purchase agreement in place, the company is poised for a strong comeback following recent disruptions.
Stable Power Supply Restored
Jubilee was impacted by power outages in December 2024 and early January 2025, which led to a temporary shutdown of its Roan concentrator. However, the company acted swiftly to establish a new power contract, ensuring uninterrupted operations moving forward. The company announced the update in a regulatory statement on 21 January 2025, highlighting its commitment to maintaining operational efficiency.
Boosting Copper Production with High-Grade Material
In an effort to offset lost production, Jubilee has acquired the rights to an initial 200,000 tonnes of high-grade copper material, grading approximately 1.6% copper—more than double the grade of the waste material currently being processed. This strategic move could secure a long-term feed supply for up to three years, providing stability and improved recovery rates for its operations in Zambia.
