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JABIRU METALS LIMITED

ASX: JML

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Jabiru Metals Limited (Jabiru) is an Australian resources company whose key products are zinc and copper sold to refineries in the form of zinc concentrate and copper concentrate. Jabiru's copper concentrate also contains significant silver credits and a small amount of gold.

Copper (Cu) is atomic number 29 on the periodic table. Copper is malleable and ductile and is a good conductor of both heat and electricity. It is therefore used extensively in products such as piping (for plumbing, refrigeration and air conditioning), electrical applications such as copper wire, household products such as cookware, and coinage. It is also used in electroplating and as an additive in various chemicals and alloys. Copper is 100% recyclable and it is estimated that 80% of the copper ever mined is still in use today. Zinc (Zn) is atomic number 30 on the periodic table. Its major application is in the corrosion resistance of steel through zinc plating. Other uses of zinc include the making of batteries and alloys such as brass.

Jabiru has significant expertise in exploring, mining and processing of volcanogenic massive sulfide (VMS) style metal deposits. The Company currently operates the 100%-owned Jaguar Project which processes ore from the Jaguar underground mine and is also currently developing the nearby Bentley mine. Ore is processed on site at the Jaguar concentrator and is transported by truck 720km to the Port of Geraldton, located midway on Australia's west coast. There, it is held in inventory until loaded onto ships and delivered to customers.

Ships carrying between 20,000 to 40,000 tonnes of concentrate are commissioned by Jabiru to take the product to customers located in Japan, China, Korea, and Thailand. Jabiru is paid for the metal content within the concentrate minus charges for refining and treatment.

The Company’s projects also include its 100% Jabiru-owned Stockman project in Victoria. Stockman has a significant VMS copper, zinc, silver and gold resource that Jabiru is working towards bringing into production. The Stockman Project is in the advanced exploration stages, with Jabiru having defined significant resources and engaged in further exploration drilling programs, mining and mineral processing studies, and satisfying state requirements for a mining license in Victoria. Jabiru also has a number of greenfields exploration properties in Australia.

Jaguar Project

The Jaguar Exploration Project encompasses 3 high grade VMS deposits, Teutonic Bore, Jaguar and Bentley, centred on the Jaguar mine approximately 300km north of Kalgoorlie and equidistance between Leonora 65km by road to the south and Leinster to the north. Production began from Jaguar in 2007 and in late 2008 Jabiru Metals discovered the Bentley deposit 4km to the south. The Bentley high grade resource remains open at depth and is currently being developed with production planned for 2011.

Stockman Project

The Stockman Project is located in the Victorian Alps region 470km by road north-east of Melbourne and 60km by road north east of Omeo. The project contains two copper-zinc-lead-silver-gold rich VMS deposits, Wilga and Currawong. Wilga was discovered by a WMC /BP joint venture in 1978 and Currawong in 1979. Denehurst mined the copper rich core of Wilga deposit from 1992 to 1996. In 2006 following rehabilitation of the plant site and tailings dam by the Victorian Department of Primary Industries the project was put out for public tender as part of an exploration incentive program. Jabiru was awarded the project in March 2007.

Project Reserves & Resources

Mine For

copper, zinc, silver, gold

Location of operation(s)

Western Australia, Victoria

Address

Ground Floor, 1205 Hay Street
WEST PERTH, WA, AUSTRALIA

Phone

08 9426 8300

Email

Website


Last Updated

1/04/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.