Jubilee Metals Group announced that it has secured additional high-grade copper feed material for the Roan concentrator and provides an update on its Large Waste Project. Additional high-grade (1.65% Cu) run-of-mine (ROM) secured for USD 1.8 million. Installation of the expanded concentrate dewatering system at Roan is nearing completion with expected commissioning by the end of March 2026.
Jubilee continues to work with its ore partner at Roan who continues to supply ore of a consistent quality grading approximately 1.65% Cu, with the higher grade supporting improved recoveries and enhanced profitability. Roan's performance is further strengthened by the near completion of the concentrate dewatering system, which is expected to be commissioned by the end of March 2026. Further to the announcement dated 5 June 2025 regarding the addition of a refining step on the back end of the Roan facility to increase copper recoveries, the Company has secured further high-grade ROM copper ore grading approximately 1.65% Cu from the existing feed partner.
The feed partner elected to receive Jubilee shares for the settlement of the payment of USD 1.8 million. Jubilee will settle the payment of USD 1.8 million (£1.3 million) through the issuance of 29,761,905 new Jubilee ordinary shares (Shares) at a price of 4.48 pence per Share (a 14.3% premium to the Jubilee closing share price of 9 March 2026).
