Jubilee Metals Group Plc
Registration number (4459850)
Altx share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or the "Company” or the “Group”)


                              Appointment of Chief Financial Officer
                           New Strategic and Operational Executive Team


Jubilee Metals Group Plc, a leader in metals processing with operations in Africa (AIM: JLP/Altx: JBL),
is pleased to announce the expansion of its executive leadership team in support of its growth strategy
with the appointment of Neal Reynolds as Chief Financial Officer (CFO) effective October 1, 2023, as
well as Ricus Grimbeek who will be leading Jubilee’s expansion drive into energy metals with a specific
focus on the roll-out of the Company’s Zambian Copper Strategy.
Neal is a Chartered Accountant (South Africa) with a postgraduate qualification in Leadership
Development. Neal holds more than 14 years of experience in mostly African focused mining and
metals operations. He was most recently Chief Operational Officer at Chemaf, an established copper
and cobalt producer in the Democratic Republic of the Congo. He began his career at Deloitte &
Touche and in 2009 moved to Pan African Resources Plc. In 2019, he was appointed CFO of Mopani
Copper Mines and later became CFO of Glencore Copper Africa.
Pedja Kovacevic, the current acting CFO, will continue in his role as Chief of Strategy and Advisory once
Neal has joined the Company.
Ricus is a Mining Engineer and has more than 30 years of experience in the mining industry holding
various executive management and technical roles with global mining houses. He has managed
numerous operations and the implementation of projects, across various mining jurisdictions. He is
also a board member of Makor Resources which focuses on the formalisation of small scale and
artisanal miners in Africa.
Expanded Executive Management Team
In addition to the appointment of the CFO, Jubilee has expanded its executive and senior leadership
to coincide with the expansion of the Company’s operations and strategic focus.
The new structure entails the formation of a Strategic Executive Committee, comprising five members
including Leon Coetzer the Chief Executive Officer, along with the Chief of Operations, Chief of Strategy
and Advisory, Chief of Energy Metals, and the CFO.
Reporting to them will be an Operational Executive Committee, made up of the various country heads,
the heads of technical, projects, human resources, as well as finance.


Leon Coetzer, CEO, commented:

“I am pleased to welcome Neal to this important role at Jubilee and look forward to working closely
with him as we continue to build capacity and grow our footprint in Zambia and investigate new
opportunities in South Africa. As an accomplished mining executive with over 14 years of experience,
we are delighted to have attracted someone of his calibre.
“Additionally, I am delighted to welcome Ricus to the Jubilee Metals team and believe that, with more
than 30 years of experience in various management and technical roles, he will make an invaluable
contribution to the team and will assist in achieving our goal of rapid growth and expansion specifically
in Zambia.

“I am equally pleased to be announcing the new executive structure within the Group which I am
confident provides the organisational capacity to support our ambitious growth strategy, both in South
Africa and Zambia.”

14 August 2023


For further information visit www.jubileemetalsgroup.com or contact:

Jubilee Metals Group Plc
Leon Coetzer
Tel: +27 (0) 11 465 1913

PR & IR Adviser - Tavistock
Jos Simson/ Gareth Tredway
Tel: +44 (0) 207 920 3150

Nominated Adviser - SPARK Advisory Partners Limited
Andrew Emmott/ James Keeshan
Tel: +44 (0) 20 3368 3555

Joint Broker - Berenberg
Matthew Armitt/ Jennifer Lee/ Detlir Elezi
Tel +44 (0) 20 3207 7800

Joint Broker - WHIreland
Harry Ansell/ Katy Mitchell
Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618

Joint Broker - Shard Capital Partners LLP
Damon Heath/ Erik Woolgar
Tel +44 (0) 20 7186 9900

JSE Sponsor - Questco Corporate Advisory Proprietary Limited
 Alison McLaren
Tel: +27 (11) 011 9212