Jubilee Metals Group Plc

Registration number (4459850)

AIM share code: JLP

Altx share code: JBL

ISIN: GB0031852162

('Jubilee' or 'Company' or '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.

Roan commences high grade copper production

Jubilee, a diversified metals producer with operations in South Africa and Zambia, is pleased to announce an operational update at its Zambian copper business.

Further to the announcement of 6 February 2025, the Company has now successfully commenced with the processing of the new high-grade copper feed material at its Roan concentrator facility. The material feed grade is in-line with management expectations with current feed assays exceeding 1.6% Cu, approximately double the grade of material previously processed at Roan and forms part of Roan's accelerated production plan to recoup part of the lost production over a short period of time.

The increased feed grades are expected to have a marked increase in the production of copper units from Roan which holds a processing capacity of 45 000 tonnes per month. The Company looks forward to providing further updates on the back of the operational performance at Roan.

As previously announced, Jubilee has secured the rights to an initial 200 000 tonnes of high-grade copper feed material. Jubilee holds the option to increase the allocation of copper feed material with the potential to secure a long-term feed supply of this high-grade material.

14 February 2025

For further information visit www.jubileemetalsgroup.com, follow Jubilee on Twitter (@Jubilee_Metals) or contact:

Jubilee Metals Group PLC 

Leon Coetzer (CEO) / Jonathan Morley-Kirk (FD)

Tel: +27 (0) 11 465 1913  / Tel: +44 (0) 7797 775546

Nominated Adviser - SPARK Advisory Partners Limited 

Andrew Emmott/James Keeshan 

Tel: +44 (0) 20 3368 3555 

PR & IR Adviser - Tavistock 

Jos Simson/ Gareth Tredway

Tel: +44 (0) 207 920 3150 

Joint Broker - RBC Capital Markets

Farid Dadashev/Jamil Miah

Tel +44 (0) 20 7653 4000

Joint Broker - Zeus Capital

Harry Ansell/Katy Mitchell  

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

JSE Sponsor - Questco Corporate Advisory Proprietary Limited 

Alison McLaren

Tel: +27 63 482 3802

About Jubilee Metals Group Plc

Jubilee is a low-cost, diversified producer, specialising in the recovery and processing of metals from previously overlooked resources, such as unprocessed historical waste rock, run-of-mine materials and tailings in Zambia and South Africa. The Company's low-capex, modular processing facilities are deployed close to these various types of material, producing high grade concentrates for sale or further refining to finished metal at the Company's downstream facilities. Production currently consists of copper, chrome, and platinum group metals (PGMs). The modular processing facilities offer a platform for growth and the rapid expansion of Jubilee's operational footprint in Zambia and South Africa. Jubilee's success is derived from operational and technical excellence, an experienced management team and a pioneering Technical Development Centre.