29th Oct 2026 13:07
Jubilee Metals Group PLC - London-based metal processing company operating in Zambia - Says it has completed phase two drilling at its Molefe copper mine in Zambia. Phase two follows the initial infill drilling and trenching, which formed part of phase one. Phane one was sought to test the eastern continuation of the mineralised structure and identify suitable locations for planned mine infrastructure.
"The phase two drilling results at Molefe are encouraging and confirm the further expansion potential of the Molefe mining operations, with multiple significant copper intersections, including both high-grade and wider mineralised intercepts," Jubilee Chief Executive Officer Leon Coetzer says. "Of note is the shallow depth at which the copper intersections are recorded," Coetzer says.
Current share price in London: 1.8715 pence, down 8.8% on Thursday
12-month change: down 35%
Current share price in Johannesburg: 44 rand cents, down 4.4%
12-month change: down 32%
By Artwell Dlamini, Alliance News senior reporter South Africa
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Jubilee Metals