Yep.
EG Jubilee Metals: glycine leaching waste - aiming to produce 20,000 tpa Cu @<$4,000/t for $50m capex, 12 months to construct and commission
· Jubilee secures one of the largest copper waste rock assets on surface in Zambia.
· Estimated at more than 350 million tonnes of waste rock material on surface. Early results from preliminary surface sampling indicate zones with grades higher than 1.5% copper ("Waste Rock Project").
· Jubilee's technical services team has commenced extensive resource definition and process technical review with the aim of completing the project implementation detail and timeline within the next 60 days.
· Processing by Jubilee's newly developed modular copper units aims to produce in excess of 20 000 tonnes per annum of copper at a cost of below US$4 000 per tonne of copper from this historical waste rock dump.
· Overall project costs including mining equipment and project infrastructure are likely to be around US$50 million.
· Jubilee has the capability to construct and commission all modular copper units within a 12-month period and aims to commence within Q1 CY2024.
