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Jubilee - operational and production update
Jubilee published its operational and production update for the nine-month period ended 31 March 2026 ('9m FY2026' or 'the period').
Highlights
• Lost Time Frequency Injury Rate (LTFIR) of 0.00 for the period (FY2025: 1.40)
• Total saleable Cu production for the period increased by 28.7% to 2 177t (9m FY2025: 1 691t)
o Roan production increased to 1 999t of copper ('Cu') units for the period, a 112.7% increase from the comparative period a year earlier
- Roan produced 779t Cu units in oxide concentrate fines for the period (production of Cu units in oxide concentrate fines only commenced in August 2025)
o Sable Refinery production totalled 957t of Cu cathodes for the period (9m FY2025: 751t)
• Commissioning of the expanded Roan Cu concentrate facility is near completion with the ramp- up of dewatered fine Cu concentrate production underway during May 2026. The circuit is currently operating at approximately 75% of the targeted production rate of 110-120tpm of contained Cu
o The dewatering circuit has a design capacity of approximately 230tpm of contained Cu, enabling the simultaneous processing of the historical stockpile (14 000t) and additional production of fine Cu concentrate at a rate of 110-120tpm of Cu
• Molefe Mine operations continue to expand, with 250 162t of ore mined during the period, (181 890t for H1 FY2026), of which 20 064t (9 130t for H1 FY2026) were transported to Sable Refinery at an average Cu grade of 1.84%
• Implementation of the near term mine plan at Molefe Mine is underway (see 31 March 2026 announcement)
o Accelerated stripping programme to expand Pits 2 and 3 into a single open-pit mine progressing to plan and expected to be fully completed by July 2026
o During April 2026, more than 250 000t of pre-stripping material was removed as part of the stripping programme which will support significant increased delivery of Cu ROM to the Sable Refinery once completed
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