Operations

Copper

The acquisition served as an entry point for Jubilee into Zambia presenting a very well-placed platform from which to pursue the various base metal opportunities presented by the country, and to begin actively engaging with third party suppliers to develop strategic partnerships as part of the expansion of the Integrated Kabwe Operations.

Copper Strategy

Focussed on replicating the PGM and chrome success seen in South Africa, Jubilee is focussing on growth in copper operations in Zambia where there is a huge supply of on-surface copper waste material, with the view to taking a leading role in the processing of surface tailings by applying technical know-how and IP.  A “game-changing” target of reaching 25,000 tonnes of copper units per annum in four years has been set and following some key transactions in 2020, some 300 million tonnes of copper and cobalt tailings have been secured to be upgraded and refined at both the Sable Refinery and the targeted Northern Refinery through its agreement with Mopani Copper Mines.  Offering the potential for long term quality sustained earnings. 

What is copper used for?

Copper is a strategic and complementary, highly ductile semi-precious metal with high thermal and electrical conductivity and excellent corrosion resistance, finding extensive use in construction and appliances. By far the most common application is in moving electrons, be it in electricity transmission and distribution or home and appliance wiring. Demand for copper has grown with the market moving from surplus to deficit, putting pressure on stocks and having the effect of increasing prices with analysts estimating a continuous rise in prices. This pressure is expected to increase with a greener future and a low carbon global commitment.

Our Projects

  • Sable Refinery
  • Project Roan
  • Project Lechwe
  • Project Elephant

Sable Refinery

  • The Sable Refinery was acquired from Glencore in 2019
  • Bought into full operation during H2 2019
  • Capacity to produce 14,000 tonnes per annum copper cathode
  • With access to historical copper tailings and third party run-of-mine material, early earnings from copper and cobalt production have been achieved

Project Roan

  • Secured rights to process 2 million tonnes of copper run-of-mine material with potential to increase to 4 million tonnes with an additional 2.5 million tonnes available 
  • To be completed in 3 phases, Phase 1 is complete allowing early production of intermediate copper concentrate 
  • Phase 2 targets to commence commissioning during early Q3 2021 to produce a higher-grade intermediate copper concentrate to further increase the production of copper units and Phase 3 is expected to complete during Q1 2022 
  • The Project targets the production of 10 000 tonnes of copper units per annum for further refining at Sable Refinery 

Project Lechwe

  • Secured rights to 161  million tonnes of tailings containing an estimated 374 ,714 tonnes of copper
  • Project targets the production of 7, 500 tonnes of copper units per annum at a dedicated newly constructed copper concentrator for further refining at the targeted Northern Refinery at Kitwe 
  • Completion of design work progressing and is on track to enter the execution phase end August 2021

Project Elephant

  • Secured rights to 114 million tonnes of tailings containing an estimated 336, 610 tonnes of copper 
  • The project is within a 50km radius of Project Lechwe and adjacent to the targeted Northern Refinery at Kitwe 
  • Project targets the production of 10,200 tonnes of copper units per annum at a dedicated brownfields expansion of an existing copper concentrator for further refining at the targeted Northern Refinery at Kitwe 
  • The tailings resource have been previously drilled and sampled to confirm both content and size containing on average 0.05% cobalt in addition to the copper content offering the potential to incorporate a cobalt refining circuit as part of the Northern Refinery  

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