Jubilee Metals Group PLC announced that Phase 1 infill drilling at Molefe has confirmed the continuity of shallow copper oxide mineralisation, with grades consistent with the current expansion mine plan. The results also identified a new near surface mineralised zone extending approximately 250 metres east of the planned mining area, with mineralisation still open in that direction.

Some of the strongest drill intercepts include 16.00 metres at 8.01 percent total copper from 18.00 metres, 20.0 metres at 5.33 percent from 22.0 metres, 10.7 metres at 6.54 percent from 37.00 metres, and 7.50 metres at 9.17 percent from 43.00 metres.

The shallow nature of the copper oxide mineralisation means the material is well suited for processing at the nearby Sable refinery. This supports Jubilee’s strategy of securing high quality feedstock from its own mining operations to supply its growing processing footprint in Zambia.

Leon Coetzer said the results validate the presence of high-grade copper close to the surface.

“We are very excited by these results, delivered in a few short months, which confirm the apparent continuation of the high-grade copper reef close to the surface that is currently being accessed at the Molefe Mine operations. The high-grade intersections of shallow copper oxide are perfectly suited for processing and refining at the nearby Sable refinery,” he said.

Phase 2 drilling is now underway in partnership with Galileo Resources Plc to test the eastern extension and determine the full extent of the mineralised zone. An updated mine expansion plan, incorporating the latest drilling results, is expected in the coming weeks.

The Phase 1 programme completed a total of 3,390 metres of drilling, with some assay results still pending. Early indications suggest consistent grades and thickness across the drilled areas, supporting the potential for a formal resource estimate in the future.

The Molefe Mine forms part of Jubilee’s broader Zambia strategy to increase copper production by targeting shallow, high grade oxide material that can be rapidly integrated into existing processing infrastructure.

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