Jubilee Metals Group PLC
JSE:JBL
Jubilee Metals Group PLC
Jubilee Metals Group Plc is a platinum focused mining and exploration company, which engages in the exploration and exploitation of natural resources. The firm focuses on the retreatment and metals recovery from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations. The firm's segments include Metals Processing, Business Development, Exploration and Corporate. The Metals Processing of PGM, chrome and copper-containing materials. The Business Development is focused on the development and implementation of process solutions, specifically targeting both liquid and solid waste streams from mine processes. This includes existing pilot operations as part of the process development cycle to provide mature solutions which include extractive-metallurgy, pyro-metallurgy and hydro-metallurgy. The Company’s operations span across five countries, South Africa, Australia, Mauritius, Zambia and the United.
Jubilee Metals Group Plc is a platinum focused mining and exploration company, which engages in the exploration and exploitation of natural resources. The firm focuses on the retreatment and metals recovery from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations. The firm's segments include Metals Processing, Business Development, Exploration and Corporate. The Metals Processing of PGM, chrome and copper-containing materials. The Business Development is focused on the development and implementation of process solutions, specifically targeting both liquid and solid waste streams from mine processes. This includes existing pilot operations as part of the process development cycle to provide mature solutions which include extractive-metallurgy, pyro-metallurgy and hydro-metallurgy. The Company’s operations span across five countries, South Africa, Australia, Mauritius, Zambia and the United.
South Africa Outperforming: The company’s South African chrome and PGM operations are exceeding expectations, with chrome production on track to surpass guidance and PGM costs kept at the low end of the industry.
Zambia Commissioning Delays: The Zambian copper and cobalt ramp-up was delayed by about four months due to unexpected water and power infrastructure issues, but these have now been resolved with new in-house water and upgraded power supply.
Production Guidance: Full-year targets include 38,000 ounces of PGMs, over 1.2 million tonnes of chrome concentrate, and 3,000 tonnes of copper, with copper output expected to grow sharply next year as the new facilities run for a full 12 months.
Flexible Cobalt Strategy: Cobalt production can be rapidly adjusted depending on market prices, and capacity is set to increase after May when copper and cobalt processing lines are physically separated.
Strong Cash Flow: Cash flow from operations has increased nearly eightfold, supporting growth without shareholder dilution.
Expansion Plans: Construction of a new chrome plant in South Africa’s Eastern Limb is set to begin this year, all funded internally.
Share Price Frustration: Management acknowledged the share price disappointment, attributing it to project delays and broader market risk aversion, but stressed the underlying asset strength and operational progress.
Outlook Positive: Management is optimistic about translating new capacity into revenues and earnings, especially as copper and chrome prices remain strong and cobalt shows early signs of recovery.
