Following Phase 1 drilling and trenching results, Jubilee Metals plans to expand Molefe Mine by linking two open pits, increasing ore supply to the Sable refinery and advancing further drilling on the project’s eastern extension.

Jubilee’s unaudited interim results for the six months to 31 December 2025 show copper production up 8.7% to 1,543 tonnes, revenue up 70.5% to US$14.1 million and EBITDA from continuing operations improving to US$2.0 million, as the group advances its integrated copper strategy in Zambia.

Phase 1 infill drilling at the Molefe copper mine confirmed near-surface oxide mineralisation and grades consistent with the expansion mine plan, while identifying a new mineralised zone extending about 250 metres to the east. Jubilee said Phase 2 drilling is under way to define the extension and support a future formal resource estimate.