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Jubilee Metals Group ( (GB:JLP) ) has shared an update.
Jubilee Metals Group has unveiled an updated near-term mine plan for its Molefe Mine in Zambia, integrating Pit 2 and Pit 3 into a larger open-pit to boost mining efficiency and throughput. The company plans about four months of development work, including removal of roughly 400,000 tonnes of overburden, to lift copper reef mining capacity from 15,000 to 60,000 tonnes per quarter at an average stripping ratio of 6:1.
The strategy widens the targeted copper reef to deliver around 1.4% copper to surface, enabling automated ore sorting into high- and medium-grade stockpiles, with high-grade ore sent directly to the Sable refinery and medium-grade ore treated on-site before refining. A Phase 2 drilling programme will focus on the eastern extension of the resource to move that area into construction and production within 12 months, supporting stable feed to Jubilee’s Zambian processing operations and reinforcing its transition to a resource-backed, scalable copper producer.
The most recent analyst rating on (GB:JLP) stock is a Sell with a £3.50 price target. To see the full list of analyst forecasts on Jubilee Metals Group stock, see the GB:JLP Stock Forecast page.
Spark’s Take on JLP Stock
According to Spark, TipRanks’ AI Analyst, JLP is a Neutral.
The score is primarily weighed down by the sharp deterioration in recent financial performance (revenue collapse, negative profitability, and negative free cash flow). Technical indicators also remain bearish with the stock trading below key moving averages and negative MACD, despite oversold readings. Valuation offers limited support because the negative P/E reflects ongoing losses and no dividend yield is available.
To see Spark’s full report on JLP stock, click here.
More about Jubilee Metals Group
Jubilee Metals Group is an AIM and AltX-listed copper producer focused on building an integrated copper business in Zambia. The company targets annual production of 25,000 tonnes of copper by combining exploration, mining, concentrating and refining through its Roan concentrator, Sable refinery, regional mining assets and Large Waste Rock Project, using innovative technologies and a circular resource approach.
Average Trading Volume: 10,837,839
Technical Sentiment Signal: Strong Sell
Current Market Cap: £99.92M
See more data about JLP stock on TipRanks’ Stock Analysis page.