Jubilee Metals Commences High Grade Copper Production at Roan
Why we think this is good
The RNS announcement indicates that Jubilee Metals Group has successfully commenced processing of new high-grade copper feed material at its Roan concentrator facility in Zambia. The increased feed grades are expected to lead to a marked increase in copper production, which is a positive development for the company's operations. While the financial impact is not quantified, the overall operational progress is encouraging.
Key Points
- Jubilee Metals Group has commenced processing of new high-grade copper feed material at its Roan concentrator facility in Zambia
- Feed grade exceeds 1.6% Cu, approximately double the grade of material previously processed
- Increased feed grades expected to lead to marked increase in copper production from Roan
- Roan has a processing capacity of 45,000 tonnes per month
- Jubilee has secured rights to 200,000 tonnes of high-grade copper feed material with option to increase allocation
Summary
Jubilee Metals Group has successfully commenced processing of new high-grade copper feed material at its Roan concentrator facility in Zambia. The feed grade is in-line with management expectations, exceeding 1.6% Cu, which is approximately double the grade of material previously processed at Roan. This 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. Jubilee has secured the rights to an initial 200,000 tonnes of high-grade copper feed material and holds the option to increase the allocation with the potential to secure a long-term feed supply of this high-grade material.