As announced on 1 November 2023, Jubilee secured its first LOM copper ore off-take agreement from an existing mining company, Project M short for Monkoyo. Project M seeks to emulate the success of the South African modular chrome expansion roll-out drive, to process copper containing ore, deemed as waste by current or previous operators.
The team has undertaken significant work at Project M over the past quarter, with the first sample material from the extended open pit material expected to be delivered to Sable Refinery in May 2024 as part of the development of detailed copper resource definition. Project M offers the potential to be a sustained long term supplementary copper supply for Sable refinery by early 2025 calendar year.
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.
