JUBILEE METALS GROUP PLC PRESENTATION DECEMBER 2018
Summary Jubilee Metals Group(“Jubilee”) is a London and Johannesburg listed mine waste processing and metals recovery company, with projects in South Africa and Zambia. Jubilee is raising project finance capital for the commissioningof the Kabwe Lead, Zinc and Vanadium recovery project in Kabwe, Zambia as well as a Platinum and Chrome Project in South Africa This document provides an overview of Jubilee, the Kabwe project and the proposed funding structure
Jubilee Metals Group Metals Recovery Company Jubilee Metals Group PLC (AIM:JLP; JSE:JBL) is an industry acknowledged expert mine waste retreatment solutions provider, specialising in mineral recovery from tailings, slag, slurry and other secondary material produced by mining. Jubilee has demonstrated a recovery skills base in the mine waste retreatment industry. This skill base has taken Jubilee into the board rooms of major mining houses, discussing their waste problems and potential benefits of retreatment. Jubilee has the in-house ability to design, build and operate recovery plants and optimisation solutions for mining majors. Proven success in the South African Chrome and PGM industry, working with Mitsubishi, Northam, Lonmin and other operators.
Existing Projects
Positioning: Hernic and Chemstof Mine Dilokong Chrome Mine
Hernic The world’s largest platinum processing facility of chrome tailings with a targeted average of 55 000 tonnes per month processing capacity 3.3 million tonnes of platinum rich material at surface growing at 17 000 tonnes per month Total Investment to construct processingunit of GBP 13 million Keyprojectmilestones: • Concluded construction January 2017 • First Chrome production February 2017 • First Platinum production March 2017 • Positive project earnings from June 2017
Dilokong Chrome and Platinum Chrome tailings recovery circuit with and average monthly processing capacity of 45 000 tonnes 1 000 000 tonnes of enriched platinum material at surface Commissioning a state of the art fine chrome recovery circuit in Q4 2018 capable of processing 25 000 tonnes per month of fine chrome Key projectmile stones: • First Chrome production March 2016 • Positive project earnings from June 2016
Dilokong Chrome and Platinum
PlatCro Platinum and Chrome Jubilee secures all PGM and Chrome rights of existing surface material and future material PlatCro is strategically located along the platinum and Chrome rich western limb of South Africa PlatCro currently holds 960 000 tonnes per annum processing facility
PlatCro Platinum Project 1 850 000 tonnes of Platinum rich material at surface and all future arisings Processing agreement executed with currently growing at approximately 12 000 tonnes per month Northam Platinum to recover PGMs at their Containing estimated 2.7 g/t 4E PGMs before further upgrade through Eland Platinum recovery circuit Chrome removal. Project targeting processing rate of 60 000 tonnes per month. Project Targeting production of 30 000 PGM oz per annum will commence processing material from February 2019
PlatCro Chrome Project Processing capacity of 960 000 tonnes per annum from existing infrastructure Plant capacity utilised to process: • Existing on-site tailings • 3 rd party run of mine ore Jubilee targets to enhance processing technology and capacity in excess of 1 mil tonnes per annum
JBL Recent Financial Highlights – Financial Year Ending June 2018 • Combined project revenue up 44.14 % to £ 14.14 million (ZAR 245.53 million) [2017: £ 9.81 million (ZAR 166.97 million)] • Combined project attributable earnings up 206 % to £ 5.03 million (ZAR 86.80 million) [2017: £ 1.64 million (ZAR 28.20 million)]
Jubilee Project Performance HERNIC DCM 3500 7000 1400000 16000 14000 3000 6000 1200000 12000 2500 5000 1000000 10000 TONNES PRODUCED PGM OUNCES 2000 4000 GBP'000S 800000 GBP'000S 8000 1500 3000 600000 6000 1000 2000 400000 4000 500 1000 200000 2000 0 0 0 0 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Project Revenue Jubilee Attributable Earnings PGM Ounces Delivered Project Revenue Jubilee Project Earnings Tonnes Produced
Kabwe Project
ndustrial Kabwe Social and I
Social Responsible Investment Design Principles: Zero effluent facility ensuring no further contamination of soil or water Implementation of a hydro mining solution, rather than the less expansive option of mechanical mining, specifically to suppress airborne dust in the area Upgrade of process flow sheet to avoid the addition of any chloride based salts, to avoid contamination of water systems Segregation of zinc and lead refinery to specifically contain all lead potential exposure to environment and people All lead final residues contained in fully lined facility Capital effect: Approximately US$4.3 mil Support to Artisanal Mining: Currently engaging with regional authorities to offer processing and operational expertise to the sector, including health and safety The refinery design specifically allows for the processing of such material
Kabwe Zinc, Lead and Vanadium Project Recovery of Lead, Zinc and Vanadiumfrom surface assets at Kabwe, Zambia Jubilee holds 91.1% of the Kabwe project company 6.4 million tonnes (3.5 million JORC compliant) surface material containing an Jubilee has establishmenta metallurgical centre of excellence in Kitwe as technical estimated 356 843 tonnes of Zinc and 351 386 tonnes of Lead support foot print to drive growth in Central Africa
Kabwe Key Transaction Terms Jubilee owns direct interest of 87.5% in the project and combined with indirect holdings, holds 91.1% interest in Kabwe Project Jubilee to provide initial required funding to construct required infrastructure to commence Kabwe Project. Jubilee holds option to acquire 100% of the project Capital expenditure to commence towards end of 2018 / 2019. Zinc Production to commence first, thereafter Lead and Vanadium will follow Jubilee to design, build and operate the plant BMR has right to a Royalty of 12.5% after Jubilee has secured a minimum return of 20% on its total investment
Board of Directors
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