Jubilee Metals Secures Long-Term Feedstock Deal to Boost Copper Production in Zambia
Diversified metals producer Jubilee Metals has signed a long-term feedstock supply agreement for its Roan concentrator in Zambia, following successful processing trials of high-grade shallow transition copper ore. Production under the new supply deal has already commenced.
“This eight-week trial period has confirmed Roan’s unique ability to process transitional copper reefs, which are widely available both at surface and near-surface levels,” said Jubilee Metals CEO Leon Coetzer.
Under the agreement, the Roan concentrator will sustain a run-of-mine (ROM) throughput of 35,000 to 40,000 tons per month, producing 240 to 360 tons of copper units monthly.
The processed ore, previously considered waste due to its complexity, has shown average copper grades of 1.4% with recoveries of approximately 65%.
As part of a broader project update, Jubilee Metals announced plans to increase high-grade ROM deliveries from the Munkoyo mine to its Sable refinery, targeting a rise from 4,500 tons in June to 8,500 tons by October 2025.
The company is also advancing pilot trials and preparing for the rollout of two modular processing units, each capable of treating 30,000 tons of low-grade ore per month on-site.
In addition, Project G, Jubilee’s upcoming initiative, will begin drilling in June. The company is exploring collaborative opportunities for a central processing facility with neighboring operators. With infrastructure already in place, Jubilee is positioned to accelerate implementation.
As part of its strategy to streamline operations and finance growth, Jubilee has sold a non-core waste asset for $12.3 million, reinforcing its capital-efficient approach and sharpening its focus on core operations.
