Jubilee Metals Provides Update On Kabwe Multi-Metal Processing Project

BEIJING (Asian Metal) 18 Sep 19 – On September 17, UK-based Jubilee Metals Group Plc provided an update on its Kabwe Project in Zambia. The Kabwe Project, combined with Jubilee Metals’ recently acquired multi-metal Sable Refinery (previously referred to as Sable Zinc Refinery), which acts as a central processing facility for third party material in the region, gives access to a current resource comprising of an estimated 6.4 million tonnes (3.2 million JORC compliant) of surface waste assets containing 356,843 tonnes of zinc, 351,386 tonnes of lead and 1.26% equivalent vanadium pentoxide.

The existing copper leaching circuit has been brought on-line to process historical copper tailings as well as third party sourced run of mine material, targeting the first plated copper cathode metal production during early Q4 2019. The ramp-up of the copper circuit remains on track targeting 250 tonnes of plated copper cathode per month during Q1 2020, before stepping up to reach 400 tonnes per month from Q2 2020 resulting in early project cash flows during the construction of the zinc and vanadium refining circuits.

The zinc and vanadium circuit is primarily constructed for the processing of the Kabwe tailings material, targeting the production of 8,000 tonnes of zinc and 1,500 tonnes of vanadium pentoxide per annum. Completion of the zinc circuit remains on track for Q2 2020 with the vanadium circuit following during Q3 2020.