We talk to Leon Coetzee about the successful placing that took place for Jubilee JBL.

Jubilee's copper portfolio continues to expand in Zambia as demonstrated by our ability to secure what we believe to be the best waste rock projects. The partnership announced recently with Abu Dhabi based IRH is a hugely exciting new venture which has the potential to catapult our growth and copper production profile. This partnership affords Jubilee the opportunity to accelerate its copper from waste production profile without the associated capital burden.

The money raised will allow us to accelerate the manufacturing of our new copper modules on these new projects and importantly secure the long lead items with suppliers in what is a tight market for key materials. The funds will also allow us to expand our plant at Sable by increasing the copper sulphide capacity to meet the increase in volumes.

This proposed fundraise is in addition to our existing funded growth projects in South Africa and Zambia. By fast-tracking this new waste rock project, we will be able to bring forward production and revenues quicker than funding from existing cash flow."

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