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Update and board appointment
Jubilee Metals Group PLC
Registration number (4459850)
Altx share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or "the Company" or “the Group”)
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Kabwe Mining Licence Renewed
Board Appointment
Jubilee Metals Group ("Jubilee" or the “Company"), the AIM and Altx traded metals processing
company, is pleased to provide the following update.
Kabwe Mining Licence Renewal
The Company has received notification from the Minister of Mines and Mineral Development in Zambia
of the approval of the Company’s application for the renewal of Small Scale Mining Licence 7081-HQ-
SML in Kabwe, Zambia (the “Licence”). The Licence is in respect to the minerals lead, zinc, copper and
cobalt.
The Licence renewal has been approved for a period of ten years and is subject to a number of
customary conditions specified by the Minister of Mines and Mineral Development.
Board Appointment
Jubilee is also pleased to announce the appointment of Nicholas (Nick) Taylor as non-executive director
to the Jubilee board of directors effective 1 October 2020. Based in the UK, Mr. Taylor (aged 51) is a
seasoned finance professional with some 27 years’ of experience in identifying and executing strategic
transactions. Having qualified with Price Waterhouse as a Chartered Accountant, Nick spent over 20
years in investment banking previously as European Head of Metals & Mining and Co-Head of Asia
Pacific Natural Resources Investment Banking at Deutsche Bank, and latterly as European Head of
Natural Resources Investment Banking at The Royal Bank of Canada. While his background extends
across sectors, Nick has a specific focus on the mining and minerals sector where his experience in
corporate transactions, particularly public and private M&A, and deal structuring, is vast. Nick currently
acts as a consultant with EMR Capital, a specialist resource private equity manager, and is a non-
executive director at Maya Gold & Silver Inc., a TSX listed mineral exploration and development
company. Nick holds an MA in Natural Sciences from the University of Cambridge.
Nick’s experience strongly compliments not only the breadth of experience held by Jubilee’s existing
board members but also supports the expanded financial and corporate governance team under the
leadership of Jubilee’s Chief Financial Officer, Pedja Kovacevic.
Leon Coetzer, CEO of Jubilee, commented: “As Jubilee continues to aggressively drive its expansion
across both its Zambian and South African operations, the renewal of the Licence in Zambia is an
endorsement of the work that we are doing on the ground at Kabwe and the support from Government
and the Department of Mines.
“We have made significant progress in Zambia since the acquisition of the Sable Refinery in 2019,
particularly in recent months with Jubilee securing access to vast amounts of copper containing surface
tailings. We expect to be able to produce the first copper concentrate from the most recently acquired
copper run-of-mine material within the next three months, which has the potential to significantly
bolster earnings, whilst also commencing the processing of the 150 million tonnes of copper tailings that
we secured in June. Jubilee has a track record of continuously driving to set new industry standards and
we look forward to providing further updates as we continue on this growth trajectory in Zambia with
further expansion and development over the long term.
“I am very pleased to welcome Nick to the Jubilee board. Nick is a well-respected professional and known
for his prowess in driving successful M&A transactions in our industry. Nick, together with my CFO Pedja,
form a strong complimentary team who jointly hold exceptional experience and a depth of knowledge
of the financial and capital markets as well as the natural resources industries.
“The Jubilee team is pivotal to Jubilee’s continued success and the commitment of my team is displayed
in the results that we continue to achieve.”
United Kingdom
14 September 2020
For further information visit www.jubileemetalsgroup.com or contact:
Jubilee Metals Group PLC
Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913
Nominated Adviser - SPARK Advisory Partners Limited
Andrew Emmott/James Keeshan
Tel: +44 (0) 20 3368 3555
Broker - Shard Capital Partners LLP
Damon Heath/Erik Woolgar
Tel +44 (0) 20 7186 9900
Joint Broker – WHIreland
Harry Ansell/Katy Mitchell
Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618
JSE Sponsor - Sasfin Capital (a member of the Sasfin group)
Sharon Owens
Tel +27 (0) 11 809 7500
PR & IR Adviser - St Brides Partners Limited
Catherine Leftley/Beth Melluish
Tel +44 (0) 20 7236 1177
The following disclosures are required regarding Mr. Nicholas Andrew Taylor appointment pursuant to
Schedule 2 paragraph (g) of the AIM Rules for Companies:
Current Directorships Directorships within the last 5 years
Quad Strategic Limited None
Maya Gold & Silver Inc (TSX listed)
There are no further disclosures required to be made in respect of the appointment of Nicholas Taylor
under Schedule 2 paragraph (g) of the AIM Rules for Companies.
Date: 14-09-2020 01:36:00
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