Jubilee Metals' : value rockets as production, cash and profits all surge higher

The company's expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals ('PGMs'), chrome, lead, zinc, vanadium, copper and cobalt.

Jubilee Metals Group PLC (AIM:JLP, JSE:JBL, OTC:JUBPF)has been awarded a "large" Mufulira slag processing contract through a joint venture collaboration with Mopani Copper Mines (MCM).

Through the agreement, Jubilee will process approximately 13 million tonnes of historical slag, estimated to contain 0.7% copper and 0.27% cobalt in addition to the current slag arisings.

Jubilee will design, implement and operate the new processing facility with the first right to fund the implementation of the project in collaboration with MCM in an exclusive arrangement.

AIM-listed Jubilee estimates the slag heaps contain 89,000 tonnes (t) of copper and 44,000t of cobalt, in addition to the current arising slag from the ongoing MCM facility in Mufulira.

Jubilee Metals Group PLC (AIM:JLP, JSE:JBL, OTC:JUBPF)reported higher revenue, lower profit but stable cash flow as it navigated a year when the basket of platinum group metals (PGM) prices dropped sharply.

The company countered the fall in PGM prices by expanding its chrome operations into higher-margin offtake agreements, resulting in a £12.5 million cash position at year end and strong cash generation of £31 million.

Jubilee Metals Group PLC (AIM:JLP, JSE:JBL, OTC:JUBPF)'s share price nudged 3% higher in early trading after an upbeat operational update.

Jubilee Metals Group PLC(AIM:JLP,FRA:JI5,JSE:JBL,OTC:JUBPF) has done "a great bit of business" according to stockbroker WH Ireland, which sees a compelling investment case for the miner following its latest deal.

The company today announced it has agreed to work with Mopani Copper Mines PLC, a subsidiary of ZCCM Investment Holdings PLC, to create additional copper and cobalt refining capacity in Zambia.

Under the project, Jubilee will be able to refine the copper and cobalt concentrate produced at its Kitwe and Luanshya copper and cobalt tailings in Mopani's processing facilities.

Jubilee Metals Group PLC (AIM:JLP, JSE:JBL, OTC:JUBPF)CEO Leon Coetzer speaks to Proactive's Thomas Warner after releasing an update on the metal recovery business' chrome joint venture in South Africa as well as an update on the expansion of its Roan Concentrator in Zambia.

Coetzer talks through the company's progress and achievements over the six months since the most recent update, highlighting the expansion of the company's South African chrome operations, which exceeded expectations by adding 60,000 tonnes of capacity in just four months. The expansion is projected to boost group revenues by approximately $45 million.

Coetzer also discusses the company's strides in the copper sector, particularly its groundbreaking waste-to-copper project in Zambia. The southern copper refinery is on track, and Jubilee Metals is scaling up its efforts to extract copper from historical tailings, a strategy poised to yield substantial results.

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