Jubilee provides Zambia copper expansion update

The company’s strategy in Zambia is to expand its operations to reach an initial goal of 25 000 tpy of copper. The strategy includes both the expansion of Jubilee’s copper resource base and processing capacity. As part of this strategy, Jubilee is expanding its processing facilities at its Roan Concentrator and Sable Refinery, following the successful securing of both significant virgin waste rock licences and overlooked copper reef opportunities.

Leon Coetzer, CEO, commented:

“I am very pleased to announce significant progress across our copper portfolio in Zambia including the discovery of a new large scale one-kilometre long copper anomaly at our Munkoyo Project. We continue to expand our access to copper resources overlooked by the industry, as a platform from which to expand our copper processing operations.

“At Munkoyo, early test work of approximately 80 000 t has revealed excellent copper grades of 1.5% to 3% for what was believed to be an uneconomic source of copper by previous owners. The discovery of this new copper anomaly has the potential to become a long-term source of supply for our Sable Refinery in the region. Munkoyo is a great example of Jubilee’s ability to convert abandoned surface projects into viable opportunities through processing excellence.

“At Roan, I am pleased to announce we have completed the manufacturing of the new modular front-end unit in South Africa, and we look forward to receiving delivery of the module in Zambia.

“Jubilee is well on track of achieving its initial target of 25 000 tpy of copper from the implementation of these projects.

“In addition, we continue to make good progress on the new waste rock project with our partner IRH and completion is on track for 29 February 2024. Our focus remains on commencing the construction of the copper processing modules for this new exciting copper project.”

Read the article online at: https://www.globalminingreview.com/mining/09022024/jubilee-provides-zambia-copper-expansion-update/