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Jubilee Metals Group PLC (AIM:JLP,JSE:JBL, OTC:JUBPF) CEO Leon Coetzer speaks to Thomas Warner fromProactive after the metal recovery business published an operationalupdate for the first quarter of its financial year. Coetzer starts bysummarising achievements in South Africa, highlighting its modularexpansions and progress toward becoming one of the world's majorchrome producers.
The results,according to Coetzer, align with expectations. The second vitalcomponent is their copper operations in Zambia. Coetzer emphasisestheir expanding copper portfolio and how the strategies in Zambia haveevolved from the lessons they've learned. A key takeaway from theupdate is the modularity and simplicity in their expansion, thanks totheir technical and development centres.
Addressing investor concerns, Coetzer stated that while thecompany's strategies bring novelty and complexity, they'vedemystified the technical aspects into an operational module. Theirunique approach aims to extract copper from previously overlookedlow-grade processed tailings.
Looking to the company's second quarter, running from 31September to the end of the calendar year, October saw furtherexpansions in Jubilee's chrome footprint in South Africa andcontinued momentum in expanding their copper footprint in Zambia.Coetzer aims to reflect the growing operating margin in their Chromebusiness by the end of December and further expand their coppermodular rollout.
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