Jubilee Metals (JLP) has noted “key milestones achieved in its southern copper and cobalt operations in Zambia” and that, with these, for its prospective northern operations it “expects to receive the final recommendation on capacities from its design teams by mid-January 2023… look forward to updating shareholders in this regard”. So what are the milestones and how significant are they?
Jubilee Metals (JLP) has announced results for its year ended 30th June 2022 and that in South Africa new enlarged (+45%) PGM and chrome operations have set the platform to deliver 44,000 PGM ounces and 1.2 million tonnes of chrome concentrate per annum from its own capacity and in Zambia that it is targeting first half of the year copper of 3,000 tonnes.
Jubilee Metals (JLP) has announced that its newly constructed Zambian copper concentrator, Project Roan, has now reached nameplate capacity to help its Zambian Southern copper refining strategy to 12,000 tonnes of copper per annum through the Sable refinery.
Jubilee Metals (JLP) stated this week that it is pleased to announce the performance of its operations and progress on growth projects for the six month period to 30th June 2022 and “tremendous potential growth” for the periods ahead.
Jubilee Metals (JLP) has announced two new appointments: Manuel Lino Silva de Sousa (Ollie) Oliveira as Chairman, and Berenberg as joint corporate broker. That is good news for institutional interest, with the market cap now £400 million, at a current 15.1p share price.
Jubilee Metals (JLP) has announced two new appointments: Manuel Lino Silva de Sousa (Ollie) Oliveira as Chairman, and Berenberg as joint corporate broker. That is good news for institutional interest, with the market cap now £390 million, at a 14.85p share price.
Jubilee Metals (JLP) has announced a performance update of its new and expanded fully integrated South African Inyoni PGM and chrome operations and its Zambian southern copper strategy. So what’s the situation, with the shares having responded up to 15.4p?
The other day, Jubilee Metals (JLP) announced results for its half-year ended 31st December 2021 (the shares are currently 17p to buy); they were a 16.2p offer when this tip was first posted. But that compares to above 17.5p as recently as February, and above 20p last summer… and there is good reason why, in very short order, they can easily exceed the latter again.
