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Jubilee eyeing CAML tailings model

Jubilee eyeing CAML tailings model

Jubilee Metals (JUB) is hoping to follow in Central Asia Metals’ (CAML) footsteps by buying into a copper resource in Zambia. While the Africa-focused company won’t get full ownership of the waste deposit, it is also only putting up $600,000 (£481,000) in cash, on top of $4.4m in shares for 75 per cent of earnings from the project until 1.5 times its investment is paid off. The project is also a tailings deposit, meaning the ore has been processed, compared to the waste model CAML uses at its Kounrad mine in Kazakhstan, which extracts copper from material taken from the mine but not processed. 

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