Jubilee Metals (JLP) Zambia Strategy August 2024 presentation summary

Business overview and financial performance

• Profitable, diversified, low-cost metals producer listed on AIM and AltX exchanges.

• Focuses on unlocking value from overlooked materials and improving operational efficiencies.

• Key business pillars: Zambian copper production and South African chrome and PGM production.

• H1 FY24 revenue of £74.8m, EBITDA of £11.7m, and £12.9m capital invested.

• Zambian total assets valued at £76.2m.

Operational capacity and production guidance

• Zambian copper operations target 3,250–4,000 tonnes copper in cathode and concentrates for FY24.

• Roan Concentrator and Sable Refinery upgrades aim for combined capacity of up to 16,000 tpa copper.

• South African operations target 1,450,000 tonnes chrome concentrates and 40,000 ounces PGMs for FY24.

• Chrome concentrate capacity at 1,500,000 tpa and PGM capacity at 42,000 ounces per annum.

Zambian copper strategy and resource development

• Strategy leverages processing capability across open-pit mining, previously mined, and processed materials.

• Munkoyo Mine operational; Project G acquisition pending due diligence by August 2024.

• Secured and contracted additional waste rock and previously processed materials for Roan operations.

• Roan's sulphide concentrator produces copper concentrates from tailings; R&D ongoing for sustainable solutions.