Board changes

Jubilee Metals Group PLC

Registration number (4459850)

AIM share code: JLP

Altx share code: JBL

ISIN: GB0031852162

("Jubilee" or "the Company" or "the Group")

Board changes

Jubilee Metals is pleased to announce the appointment of Jonathan (Jonny) Morley-Kirk as Board Director. Additionally, the Company confirms the appointment of Dr Reuel Khoza as a Board Director, following the announcement made on 19 September 2024. Both appointments are effective immediately.

Jonathan has also been appointed as the interim Finance Director of the Company, effective immediately, until a new Group CFO is appointed. At that time, Jonathan will transition to a non-executive role on the Jubilee Board. He will be largely based at the South African and Zambian offices of Jubilee. During this interim phase, Jonathan will support the Board, particularly the CEO, in engaging with shareholders and advancing the implementation of decentralised executive boards for the Company's operations in Zambia and South Africa, in alignment with the enhanced governance structures. 

Jonathan qualified as a Chartered Accountant in 1986 and held directorial positions at Samuel Montagu & Co and SG Warburg Securities in London before moving to Jersey in 1995. Jonathan has over 30 years' experience in senior finance roles in public and private companies, mainly focused on natural resources in developing economies, including CFO roles at Longreach Oil & Gas Ltd (TSX-listed) and Jersey Oil & Gas (E&P) Ltd (before its sale to AIM-listed Trap Oil plc).

He is currently a non-executive director of Clean Tech Lithium PLC, Bluebird Mining Ventures Limited and Amala Foods PLC, as well as at a number of investment companies and investment funds.  Jonathan has previously served as a non-executive director of various listed companies, including Cardinal Resources PLC and East Siberian PLC. He has also acted as interim CFO at a number of private and public companies and has extensive experience managing multi-jurisdiction projects, different teams and governance environments, as well as investor relations.

Leon Coetzer, CEO of Jubilee commented:

"I am delighted that both Reuel and Jonathan have joined our Board, and particularly pleased that we can tap into Jonathan's extensive executive experience of financial leadership within rapidly growing, listed resource companies, during his role as Jubilee's interim Finance Director."

Regulatory disclosures

Jonathan Morley-Kirk

The following details in relation to the appointment of Jonathan (Jonny) Charles Rowell Morley-Kirk, aged 63, are disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies:

Dr Reuel Khoza

The following details in relation to the appointment of Dr Reuel Jethro Khoza, aged 74, are disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies:

ENDS

31 October 2024

For further information visit www.jubileemetalsgroup.com , follow Jubilee on Twitter (@Jubilee_Metals) or contact below:

Jubilee Metals Group PLC  

Leon Coetzer (CEO)/Jonny Morley-Kirk (FD)

Tel: +27 (0) 11 465 1913 / Tel: +44 (0) 7797 775544

Nominated Adviser - SPARK Advisory Partners Limited  

Andrew Emmott/James Keeshan 

Tel: +44 (0) 20 3368 3555 

PR & IR Adviser - Tavistock  

Jos Simson/ Gareth Tredway

Tel: +44 (0) 207 920 3150 

Joint Broker - RBC Capital Markets

Farid Dadashev/Jamil Miah

Tel +44 (0) 20 7653 4000

Joint Broker - Zeus Capital

Harry Ansell/Katy Mitchell  

Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618 

JSE Sponsor - Questco Corporate Advisory Proprietary Limited  

Alison McLaren

Tel: +27 63 482 3802

About Jubilee

Jubilee is a low-cost, diversified producer, specialising in the recovery and processing of metals from previously overlooked resources, such as unprocessed historical waste rock, run-of-mine materials and tailings in Zambia and South Africa. The Company's low-capex, modular processing facilities are deployed close to these various types of material, producing high-grade concentrates for sale or further refining to finished metal at the Company's downstream facilities. Production currently consists of copper, chrome, and platinum group metals (PGMs). The modular processing facilities offer a platform for growth and the rapid expansion of Jubilee's operational footprint in Zambia and South Africa. Jubilee's success is derived from operational and technical excellence, an experienced management team and a pioneering Technical Development Centre.