Jubilee Metals Group PLC announced significant further progress at its Copper and Cobalt tailings projects in Zambia with the successful execution of three strategic transactions (the "Transactions") which significantly increases Jubilee's beneficial interest across the Company's copper and cobalt tailings projects in Zambia. The Transactions include Project Elephant (Kitwe Tailings Project), Project Roan (Ndola Tailings Project) and the Mufulira Project (collectively, the "Projects"). Completion of the Transactions is subject to fulfilment of certain conditions precedent that are normal for transactions of this nature including regulatory approvals and consent. At completion of the Transactions, Jubilee will hold a 100% interest across its integrated Southern Refining strategy which includes the Sable copper and cobalt refinery (14 000 tonnes per annum copper capacity) together with Project Roan (10 000 tonnes per annum copper concentrator). In addition, Jubilee increases its beneficial interest across its Northern Refining Strategy, with Project Elephant's TD52 portion to 80.75% (highest copper and cobalt concentration of all tailings within Project elephant) which is specifically targeted by the accelerated development of Jubilee's cobalt extraction process, Jubilee's beneficial interest at the Mufulira Project increasing to 97%. Combined, the Transactions have an aggregate value of c. USD 24.77 million (c. £17.83 million) and offers Jubilee the flexibility to better schedule the development of the various tailings projects. As such Jubilee will increase its investment into the Southern Refining Strategy by expanding Sable Refinery to increase the copper sulphide recovery circuit as well as expanding the cobalt recovery circuit. Accordingly, the Company is seeking to raise gross proceeds of c. £30 million (c. USD 41.8 million) by way of a conditional placing of new ordinary shares at a price of 16.03 pence per share, which will be applied to satisfy the consideration in respect of the Transactions an towards the expansion of Sable Refinery while accelerating the capitalisation and progress of Project Lechwe and Project Elephant. Highlights: Jubilee has successfully executed agreements for the Transactions with its partners on the respective projects to further increase its beneficial interest in these copper and cobalt tailings assets in Zambia Jubilee's beneficial interest in Project Roan has been increased to 100% (previously 80%), three months prior to the expected commissioning of the targeted 10 000 tonnes per annum copper project during November 2021. This increases Jubilee's interest across the integrated Southern Refining Project to 100% Jubilee's beneficial interest in the copper and cobalt rich TD52 as part of the larger 114 million tonnes Project Elephant, is increased to 80.75% (previously 57.75%). Follows very encouraging cobalt recovery results from Jubilee's development centre. Includes the final payment under the existing joint venture agreement, solidifying Jubilee's controlling interest Jubilee's beneficial interest in the Mufulira Tailings Project is increased to 97%. The Mufulira Project, which is expected to hold similar characteristics to Project Elephant, is strategically located near the processing facilities targeted for Project Elephant. As a result of the Transactions, Jubilee now has greater control over the development of its tailings projects in Zambia and therefore the sequence and rate of development of both its Northern and Southern refinery strategies Placing proceeds in part allocated to the expansion of Sable Refinery to increase the copper sulphide recovery circuit previously limited under the Project Roan joint venture agreement as well as expanding the cobalt recovery circuit as part of the process development and testing for the cobalt solution at Project Elephant, while continuing to accelerate the capitalisation and progress of Project Lechwe and Project Elephant.