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Jubilee Metals intends to raise interest in Kabwe Project to 57.41%

By BFN News | 09:09 AM | Tuesday 06 February, 2018


Jubilee Metals Group Plc said it has advised BMR group that it intends to exercise its option to earn a 40% interest in its Kabwe project in Zambia. This moves would allow Jubilee to increase its effective interest in the Kabwe Project to 57.41 % - comprising 40% direct and 17.41% indirectly as a shareholder in BMR. Leon Coetzer, Chief Executive said: 'The Jubilee board has satisfied itself that the Kabwe Project is indeed a project worthy of development.' 'Our test work has confirmed the quality of the base asset and has provided encouraging results for integration into our future metallurgical studies.' At 9:09am: (LON:JLP) Jubilee Platinum PLC share price was -0.13p at 3.03p Story provided by StockMarketWire.com

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