Jubilee Metals Group PLC

Registration number (4459850)

Registration number: JBL

Registration number: JLP

ISIN: GB0031852162

("Jubilee" or "the Company" or "the Group")

Dissemination of a Regulatory Announcement that contains inside information according to UK Market Abuse Regulations. Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

Board Appointment

Update on Board Committees

·    Appointment of Ms. Tracey Kerr as independent non-executive director

·    Formerly Group Head of Sustainable Development at Anglo American Plc

·    Follows appointment of Ollie Oliveira as non-executive chairman in May

·    Reorganisation of Board committees

Jubilee Metals Group Plc, a leader in metals processing with operations in Africa (AIM: JLP/AltX: JBL), is pleased to announce the appointment of Ms. Tracey Kerr as independent non-executive director of the Company with immediate effect. The appointment of Ms. Kerr is part of the Company's global expansion strategy.

Tracey was most recently Group Head of Sustainable Development (Sept 2020 to April 2021) at Anglo American Plc, having previously also been accountable for safety, operational risk management and sustainable development across the Anglo-American group (Jan 2016 to August 2020).

Tracey is a geologist by background having overseen global exploration programmes at a number of large multinational corporates, including Anglo American Plc, where she held the position of Group Head of Exploration across Anglo's exploration activities in 15 countries. Prior to this Ms Kerr oversaw exploration activities in the Americas for Vale S.A., the Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil.

Tracey, based in the UK, is currently a non-executive director of Hochschild Mining PLC, a FTSE 250 precious metal mining company with mines and development projects in the Americas. At Hochschild, Tracey is Chair of the Sustainability Committee and a member of the Remuneration and Nomination Committees. Tracey also participates in Hochschild's Exploration Working Group and is the designated director for employee engagement. Until recently, Tracey served as a non-executive Director of Polymetal International Plc, a previous constituent of the FTSE 100, where she also chaired the Safety and Sustainability Committee and was a member of the Audit and Risk Committee.

With Tracey's experience in sustainable development and safety and given the importance Jubilee places on upholding the highest standards of sustainability, in particular ensuring a positive impact on the environment by reducing historical mine waste, a new Safety and Sustainability Committee (the 'Committee') will be formed, chaired by Ms Kerr with Leon Coetzer, Group CEO, and Dr Evan Kirby, Technical Director, as members. The Committee will have oversight of the management of safety and sustainability matters, including the relevant systems and processes, focussing on those which it considers to be most potentially material from time to time. These include strategies designed to manage the likes of safety, health, the environment, tailings facility management, social and community impact management and socio-economic development, socio-political issues and supply chain. The Committee's mandate is to monitor the Company's overall approach to sustainability. Specifically, the Committee's role is intended to promote ethical, transparent and responsible behaviour by the Company with meaningful engagement with its stakeholders and communities. On issues and matters pertaining to "Governance" and "Social" as it relates to ESG (environmental, social and governance) strategy and disclosure, the Committee will take a coordinated approach with the Audit and Risk Committee.

Tracey is a Fellow of the Australasian Institute of Mining and Metallurgy AUSIMM and is a member of the Society of Economic Geologists, the Society of Exploration Geophysicists and the Institute of Directors.

Leon Coetzer, CEO, commented:

"I welcome Tracey to the board of Jubilee and look forward to working closely with her as we continue to build on our recent period of operational and financial growth as the roll-out of our global metals processing strategy continues. Tracey's background in sustainability, safety and geology will be of enormous value to Jubilee as we continue our journey and further implement our sustainability initiatives."

Update to existing Board Committees

Further to the appointment of Ollie Oliveira as non-executive chairman, as announced in May 2022, Mr Oliveira is also appointed as member of the Audit and Risk Committee, chaired by Nicholas Taylor, independent non-executive director with Chris Molefe, non-executive director, also as member.

The Remuneration committee will, going forward be chaired by Dr Mathews Phosa, non-executive director, with Chris Molefe, non-executive director, and Nicholas Taylor, independent non-executive director, as members.

The following details in relation to the appointment of Tracey Louise Kerr (aged 57) are disclosed in accordance with Schedule 2(g) of the AIM Rules:

There is no further information to be disclosed in relation to Tracey Kerr's appointment pursuant to AIM Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies. 

14 July 2022

For further information visit www.jubileemetalsgroup.com  or contact:

Jubilee Metals Group Plc

Leon Coetzer

Tel:  +27 (0) 11 465 1913

PR & IR Adviser - Tavistock

Jos Simson/ Gareth Tredway/ Adam Baynes

Tel: +44 (0) 207 920 3150

Nominated Adviser - SPARK Advisory Partners Limited

Andrew Emmott/ James Keeshan

Tel: +44 (0) 20 3368 3555

Joint Broker - Berenberg

Matthew Armitt/ Jennifer Lee/ Detlir Elezi

Tel +44 (0) 20 3207 7800

Joint Broker - WHIreland

Harry Ansell/ Katy Mitchell

Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618

Joint Broker - Shard Capital Partners LLP

Damon Heath/ Erik Woolgar

Tel +44 (0) 20 7186 9900

JSE Sponsor - Questco Corporate Advisory Proprietary Limited

Sharon Owens

Tel: +27 (11) 011 9212