Jubilee Metals and BMR get Kabwe licence reinstated
April 05 2018 - 8:31AM
ADVFN NewsWire
A condition of the licence is for production to
start by end 2018
Kabwe has to be up and running by end of the
2018
PLC (LON:JLPLON:JLP) and its partner
PLC () have had their licence
at the Kabwe project in Zambia restored, paving the way for
development work to start.
Conditions attached to the licence reinstatement are that
construction of the processing plant starts within 3 months, it is
commissioned by 30 September and first production is achieved by
end 2018.
A lead, zinc and vanadium recovery circuit is part of the
accelerated development programme.
Leon Coetzer, Jubilee’s chief executive, said the decision
recognised the work already performed on the project and its
readiness, while the partners were confident the conditions of the
restated licence can be met.
In early trading, Jubilee Metals' shares were 19.8p higher at
3.02p.
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