Company News: Jabiru Metals
Updated: 20 Sep 2010
Jabiru is an emerging low cost LME metals producer listed on the Australian Securities Exchange (ASX). Jabiru was floated on the ASX in January 2000 to develop the remnant resources of the old Teutonic Bore mine located in the Goldfields region of Western Australia, mined between1980-1985. A joint exploration venture with Inmet Mining (Australia) Ltd (“Inmet”) discovered the Jaguar resource 4km south of the Teutonic Bore site.
Jabiru completed the Bankable Feasibility Study on Jaguar and with subsequent financing of the project by ANZ Ltd, the successful construction of both the concentrator and underground mine began.
Jabiru commissioned the Jaguar copper and zinc mine in 2008, overcoming a number of mechanical challenges with the Jaguar concentrator. The Jaguar operation has gone onto to generate record production figures and revenue exceeding targets.
In 2006, Jabiru successfully won the competitive tender bid with the Victorian State Government for the historic Benambra, subsequently renamed Stockman, project in East Gippsland, Victoria. The Company has completed a Scoping Study and is now commencing a pre-feasibility study into the development of the Stockman Project.
Jabiru completed the Bankable Feasibility Study on Jaguar and with subsequent financing of the project by ANZ Ltd, the successful construction of both the concentrator and underground mine began.
Jabiru commissioned the Jaguar copper and zinc mine in 2008, overcoming a number of mechanical challenges with the Jaguar concentrator. The Jaguar operation has gone onto to generate record production figures and revenue exceeding targets.
In 2006, Jabiru successfully won the competitive tender bid with the Victorian State Government for the historic Benambra, subsequently renamed Stockman, project in East Gippsland, Victoria. The Company has completed a Scoping Study and is now commencing a pre-feasibility study into the development of the Stockman Project.
Business Category Exploration; Mining
Regions of Operation Australasia
Exchange Ticker JML
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Most Recent Company News
- Independence launches takeover offer for Jabiru - 11 Feb 2011 11:09am
Australia nickel producer Independence Group NL is looking to expand its commodity-base with a A$532 million (US$539 million) takeover of Jabiru Metals Ltd Read more... - Independence agrees to Jabiru takeover - 09 Feb 2011 11:27am
Independence Group NL, an Australian nickel producer, agreed to buy the shares it doesn’t own in Jabiru Metals Ltd, valuing the copper and zinc company at A$532 million (US$539 million) Read more... - Investor Seminars: Base Metals Day Oct 2010 - Copper breaks loose - 22 Oct 2010 11:24am
Goldman Sachs recently raised its copper price forecasts, saying "cyclical volatility will drive prices as macroeconomic concerns lessen". At the recent Investor Seminar on base metals, delegates were told that copper, in particular, is expected to outperform most other metals. Read more... - Jabiru approves Bentley development - 30 Apr 2010 10:51am
The board of directors of Jabiru Metals Ltd has approved development of an underground polymetallic project near to its operating Jaguar mine, 300km north of Kalgoorlie in Western Australia Read more...
Financial Information
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Exchanges listed on ASX
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Ground Floor, 1205 Hay Street
- West Perth,
- Western Australia,
- 6005
- Australia
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