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Latest News: Jubilee Metals Group plc JUBILEE [JBL]

Thu, 8 Oct 2026	Official Announcement [TZ]
Jubilee - update on Large Waste Project disposal Jubilee updated shareholders on the disposal of its Large Waste Project (LWP) and expects to announce Phase 2 drilling results from the Molefe Mine in the coming days. Legal due diligence for the LWP disposal, valued at approximately USD35 million, is complete, with a USD2.25 million deposit to follow shortly. This triggers a 45-day period to finalise technical due diligence and transaction documentation. Combined with USD65 million remaining from the sale of South African operations, the deal brings cash inflows of up to USD100 million, bolstering the balance sheet and enabling accelerated investment in Zambian operations. A further USD15 million instalment from the South African sale falls due in early January 2027.
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