Jubilee Metals intends to raise interest in Kabwe Project to 57.41%
Source - SMW
Jubilee Metals Group Plc said it has advised BMR group that it intends to exercise its option to earn a 40% interest in its Kabwe project in Zambia.
This moves would allow Jubilee to increase its effective interest in the Kabwe Project to 57.41 % - comprising 40% direct and 17.41% indirectly as a shareholder in BMR.
Leon Coetzer, Chief Executive said: 'The Jubilee board has satisfied itself that the Kabwe Project is indeed a project worthy of development.'
'Our test work has confirmed the quality of the base asset and has provided encouraging results for integration into our future metallurgical studies.'
At 9:09am: (LON:JLP) Jubilee Platinum PLC share price was -0.13p at 3.03p