Jubilee is pursuing an expansion to achieve an initial target of 25,000 tonnes of copper per annum.
The expansion of the Roan concentrator’s front end is on schedule, set for commissioning by the end of Q1 CY2024.
The expansion encompasses both augmenting Jubilee’s copper resource base and enhancing processing capacity,
It also includes a focus on its Roan Concentrator and Sable Refinery.
“Jubilee is expanding its processing facilities at its Roan Concentrator (“Roan”) and Sable Refinery (“Sable”) following the successful securing of both significant virgin waste rock licences and overlooked copper reef opportunities,” the company said in a statement.
Copper Processing Module
Jubilee aims to produce 13,000 tonnes per annum of copper contained in concentrates.
A new 50,000 tonnes-per-month copper processing module is manufactured and ready for commissioning at Roan.
Engineering designs for a new copper concentrate line at Sable Refinery are underway.
The goal is to increase processing capacity to 16,000 tonnes per annum of copper contained in cathode and concentrates.
Scheduled Production Period
Construction is scheduled to begin in Q2 CY2024.
An independent survey has identified a minimum volume of 260 million tonnes of material at the project site.
Processing trials on initial bulk samples confirm the ability to produce high-grade copper concentrate.
This would position the project as a potential supplier to Sable refinery and major producers.
Approximately 80,000 tonnes of mined ore from Munkoyo have been tested at Sable and revealed copper ore grades between 1.5% to 3%.
Initial exploration indicates a one-kilometre-long copper anomaly, prompting an accelerated exploration program aiming for production levels of around 25,000 tonnes of ROM per month in the next 12 months.
Munkyo Acquisition Deal
Jubilee has also secured a deal to acquire Munkoyo for up to $1.5 million.
The discovery at Munkoyo positions the company’s proficiency in converting abandoned surface projects into viable opportunities.
“At Munkoyo, early test work of approximately 80 000 tonnes has revealed excellent copper grades of 1.5% to 3%,” said Jubilee’s CEO, Leon Coetzer.