Pursuing Responsible Growth

H1 FY2023 Results Presentation

20 March 2023

Disclaimer

Important Notice:

All reasonable care has been taken to ensure that the facts stated in these presentation materials are accurate and that any forecasts, opinions and expectations contained therein are fair and reasonable. Accordingly, no representation or warranty express or implied is made to the fairness, accuracy, completeness or correctness of these materials or opinions contained therein and each receipt of these presentation materials must make its own investigation and assessment of the matters contained therein. In particular, but without prejudice to the generality of the foregoing, no representation or warranty is given, and no responsibility or liability is accepted by the Company or any of its representatives, as to the achievement or reasonableness of any future projections or the assumption underlying them, or any forecasts, estimates, or statements as to prospects contained or referred to in these presentation materials.

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Agenda

Introduction

4

Financial Review

6

Operational Review

9

South Africa

10

Zambia

12

Looking Ahead

15

Jubilee Metals Group - Interim Results 2023

3

Diversified, leading metals producer

Overview: Jubilee Metals

Turning waste to value

Implementing environmentally conscious metal recovery solutions by processing historical waste materials

Low-cost, diversified earnings from expanding operating footprint

Investing into expansion and diversification of operating footprint. PGM, Chrome, Copper & Cobalt

Diversified metals recovery business

PGM operations expanded to reach annual capacity of 44 000 PGM oz; 1,2 million t of chrome concentrate;

Integrated Southern Copper equivalent to annual capacity of 12 000 t of copper; 3 240 tonnes of cobalt

hydroxide

World class, in-house expertise

With an envious track record of designing, building, and executing bespoke world-class metal recovery solutions

Jubilee Metals Group - Interim Results 2023

4

FY2023 - Prospects

PGM (oz) Own Capacity**

50 000

FY2023

44 000

FY2022

40 000

35 000

FY2021

30 000

25 000

20 000

10 000

-

FY2021

FY2022

FY2023

Chrome conc (t) Capacity

1400 000

FY2022

FY2023

1200 000

1200 000

1200 000

1000 000

FY2021

800 000

720 000

600 000

400 000

200 000

-

FY2021

FY2022

FY2023

Copper (t) Capacity*

FY2023

12 000

12 000

10 000

8 000

6 000

4 000

FY2021

FY2022

1 500

2 000

1 000

-

FY2021

FY2022

FY2023

Cobalt OH (t) Capacity Expansion

8,000

FY2023 new

6,500

6,000

FY2023 cur

4,000

3,500

2,000

FY2023 org

1,200

-

FY2023 org

FY2023 cur

FY2023 new

*Copper capacity for FY2023 expected to be lower as cobalt production is favoured and debottlenecking work takes place to enable parallel production of both metals in future

5

** Continued option to add a further 8 000 PGM ounces from third party processing agreements dependent on stock and power availability.

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Jubilee Metals Group plc published this content on 20 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2023 11:14:05 UTC.