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JUBILEE METALS GROUP PLC - Jubilee expanding its international footprint – assessment of copper and gold assets in Cyprus
2021/05/04 08:17:00Download PDF Stock report
Jubilee expanding its international footprint – assessment of copper and gold assets in
Cyprus
Jubilee Metals Group PLC
Registration number (4459850)
Altx share code: JBL
AIM share code: JLP
ISIN: GB0031852162
('Jubilee' or 'the Company' or 'the Group')
Jubilee expanding its international footprint – assessment of copper and gold assets in
Cyprus
Jubilee, the AIM and Altx traded metals processing company refers its shareholders to the
announcement released today by Caerus Mineral Resources (“Caerus”) (LON: CMRS), an
exploration and resource development company focused on developing mineral resources in
Cyprus with a focus on copper and gold. Jubilee has entered into an agreement with Caerus
(“Exclusivity Agreement”) granting Jubilee a six-month exclusive period during which Jubilee
will assess the technical merits, development and economic prospects of all of Caerus’
surface-based mining waste and tailings assets in Cyprus.
The ultimate objective of the Exclusivity Agreement is to identify and define potential projects
within the Caerus portfolio that can be scaled-up and prioritised into one or more joint
venture arrangements with Jubilee, targeting profitable production using modern designs and
technologies guided and financed by Jubilee. Jubilee would become operator of any assets
which may be developed under any joint venture with Caerus. Caerus would retain ownership
of any assets and Jubilee would benefit from a profit share.
The announcement recognises Jubilee’s international brand and expertise in metals
processing. The access under the Exclusivity Agreement to assess the Caerus copper and gold
assets are consistent with Jubilee’s continuous review of various global opportunities that
could benefit from Jubilee’s proven expertise in the processing of historical waste dumps.
This Exclusivity Agreement offers potential access to copper and gold grades in waste
stockpiles that, with the dramatically changed commodity price environment for copper
today, are significantly higher than was historically expected within the copper industry.
Jubilee looks forward to working with Caerus under the Exclusivity Agreement to evaluate the
overall potential of the surface-based mining waste and tailings assets in Cyprus.
United Kingdom
4 May 2021
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
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/Charlotte Hollinshead
Tel +44 (0) 20 7236 1177
Date: 04-05-2021 08:17:00
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