Martyn Churchouse, CEO of Caerus Mineral Resources (CMRS.L) Interview

Caerus Mineral Resources, the exploration and resource development company focused on developing mineral resources in Cyprus to support the global “Clean Energy” initiative.

Is pleased to announce a binding and exclusive Option Agreement (“the Agreement”) with London Listed Jubilee Metals Plc (AIM: JLP) (“Jubilee”), a leading company in the processing of waste materials for the recovery of metals.
 

 

Highlights
· Option Agreement is exclusive to Jubilee, whereby they have six months to assess the technical merits, development and economic prospects of Caerus’ mining assets in Cyprus

· The Agreement allows Jubilee, at its sole discretion, to identify one or more of Caerus’ assets to be converted into Project(s) under a Joint Venture arrangement

· Jubilee’s recent record demonstrates a rapid-growth and diversified metals processing company with strong technical management and a proven ability to move projects forward at a fast pace

· Caerus is a copper and gold development and exploration company focussed on Cyprus, and the owner of substantial stockpiles of copper and gold-bearing remnant ore and mining residues at-surface

· Caerus believes that the multiple large tonnage stockpiles of mining residues from the 16 former mines within its licence areas offer significant Joint Venture potential

· Jubilee’s current market capitalisation is approximately GBP 400 million

Martyn Churchouse, CEO of Caerus Mineral Resources, commented: “We are delighted to be able to engage with Jubilee at a time when the market demand for copper is so vibrant and is forecast to remain so for many years. We are fortunate to have within our wholly-owned tenements the mineralised waste from many of Cyprus’ former copper mines. This enables us to pursue a dual strategy of exploring for new underground VMS resources whilst striving to become a producer by exploiting our stockpiles of copper and gold-bearing waste. Since Jubilee is a recognised market leader in the recovery of metals from a diverse range of waste and feedstocks, they are a natural partner with which to progress our revenue-generating ambitions.”

For further information, please visit www.caerusmineralresources.com 


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