Jubilee Metals is entering a defining phase in Zambia, transforming years of groundwork into concrete results. With its Roan Concentrator achieving breakthrough processing capabilities and a bold portfolio reshuffle underway, the company is creating a streamlined path toward significant copper output and investor returns. This is not just progress, it’s momentum, measured in tonnes and strategic decisions.
Jubilee has successfully concluded extensive processing trials at its Roan Concentrator in Zambia, showcasing the plant’s ability to handle high-grade shallow transitional copper reefs. These ore bodies were once considered economically unviable by traditional miners, but Jubilee’s innovative approach has unlocked yields of around 65% from material grading at least 1.4% copper. This trial phase wasn’t just theoretical—it resulted in a firm feedstock supply agreement, and copper production has already begun.
Roan’s ramp-up will see it process between 35,000 and 40,000 tonnes of run-of-mine material monthly, producing between 240 and 360 tonnes of copper units. Complementing this is the Munkoyo site, currently supplying 3,500 tonnes per month of ROM ore exceeding 2.5% copper to the Sable Refinery. This feed equates to roughly 88 tonnes of copper units, with targeted increases to 4,500 tonnes (112 units) by June 2025 and a substantial rise to 8,500 tonnes (212 units) by October.
Alongside production gains, Jubilee is actively rebalancing its asset base. It recently sold non-core surface tailings assets for $12.3 million in a deal structured over the next 20 months. A separate transaction involving 10 million tonnes of material from its Large Waste Project has added another $6.75 million in expected proceeds. These divestments are aimed at focusing capital and operational bandwidth on high-impact copper projects while maintaining robust cash flow.
Growth is accelerating through Project G, with resource drilling scheduled for June. Jubilee has secured exclusive rights to two additional shallow mining targets, reinforcing its expansion blueprint. Plans are in motion for modular processing units with a combined capacity of 60,000 tonnes per month, designed to yield up to 350 tonnes of copper units monthly by early 2026. These modular units are tailored for flexibility and fast deployment, aligning with Jubilee’s nimble, capital-efficient development model.
The Sable Refinery, central to the group’s copper strategy, is also undergoing a capacity boost. Its throughput will rise to 14,000 tonnes per annum by the first quarter of 2026, enabling it to process the anticipated surge in production from Roan, Munkoyo, and Project G. By mid-2025, Jubilee expects monthly copper output to reach 288 tonnes, increasing to 400 tonnes by August and potentially 500 to 550 tonnes by October. These targets reflect an integrated supply chain coming online in synchrony.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
