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Jubilee Metals well-prepared to deliver a robust FY2025 performance

Jubilee Metals Group plc (LON:JLP), a diversified metals producer with operations in South Africa and Zambia, has published its unaudited operational and project update for the quarter ended 30 June 2024 (Q4 FY2024), highlighting that Jubilee exceeded chrome production guidance and met revised copper production targets.

Highlights

Zambia

§ Improved safety performance achieved of 488 lost time injury free (LTI-free) days (FY2023: 122 LTI-free days), and commensurately realising a reduction in the LTI Frequency Rate (LTIFR) to zero (FY2023: 2.4).

§ Copper units produced for Q4 FY2024 increased by 51.7% to 1 048 tonnes (Q3 FY2024: 691 tonnes), despite operational stoppages due to construction activities at Roan.

§ Copper units produced for the financial year increased by 17.1% to 3 422 tonnes (FY2023: 2 923 tonnes) meeting the revised guidance for FY2024 of 3 250 – 4 000 tonnes.

§ Construction and commissioning of the Roan Front-End Module were completed during July 2024 with production of first copper concentrate announced on 12 August 2024.

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