Sable Refinery – Kabwe, Roan and Elephant

SNAPSHOT

Commodity

Copper, Cobalt

Location

Kabwe & The Copperbelt Region, Zambia

Status

Production commenced Q4 2019

Production of A-Grade Copper Cathode at Sable Refinery located in Kabwe, Zambia, utilising material from 3rd party sources in Kabwe as well as large copper rich tailings material to be upgraded to concentrate on-site

  • As a result of the completed Sable Zinc transaction, the pre-existing copper leaching circuit has been brought on-line to process historical copper tailings as well as third party sourced run of mine material
  • The copper refining line at the Sable Refinery was brought into full operation during H2 2019
  • Sable Refinery achieved H1 2020 earnings from its copper and cobalt production of GBP 1.8 million (ZAR 39 million)
  • Jubilee’s copper strategy continues to gain momentum with the commencement of the construction of the new copper concentrator as part of its Project Roan
  • Project Roan will be commissioned over three phases with the first phase targeted to commence delivery of first copper units to Sable Refinery by end February 2021
  • In addition to Project Roan, Jubilee has acquired tailings as part of its Project Elephant strategy, generating a combined 270 million tonnes of copper rich tailings in the Copperbelt region
  • The additional Tailings offer the potential to double the targeted production profile for Project Elephant estimated at 12, 000 tonnes of copper units per annum in addition to Project Roan, currently under construction
  • The close proximity of  all of the projects offers the potential to integrate components of the processing facilities, which could offer significant capital savings
  • The Agreements places Jubilee on track to deliver its objective of reaching 25,000 tonnes of copper units per annum
  • The implementation of these Agreements combined with Jubilee’s existing copper projects, will establish Jubilee as a leading copper producer from historical tailings alone
  • The combined magnitude of the total secured copper tailings resources and related projects, offers the potential to deliver long term sustained quality earnings
  • The Sable Refinery is operationally ready and able to significantly enhance its capacity alongside the expected production build up, without incurring any significant new capital expenditure

Video: Sable Refinery’s commissioning of the front-end ROM ore
processing and beneficiation circuit for the processing of 3rd party ore