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Market:	ASX
Sector:	General Mining
EPIC:	JMC

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Jabiru Metals

Jabiru Metals Limited (ASX: JML) is an emerging Australian base metals company which will make the transition to production following the development completion and commissioning of the Jaguar Zinc-Copper Project, located 300km north of Kalgoorlie in Western Australia.

Jabiru Metals bags longer mine life at Jaguar Base Metals Project

Thursday, September 09, 2010

Jabiru Metal's (ASX: JML) Jaguar Project Reserve at the Bentley Mine has been further extended, with the mine life to now exceed eight years. This is an increase of three years over the 1 July 2010 Reserve upgrade.

Total Proved & Probable Reserves at Jaguar Project now total 3,234,900 tonnes at 1.8% Copper (Cu), 7.9% Zinc (Zn), 99g/t Silver (Ag) and 0.4 g/t gold (Au).

The latest Reserve upgrade is the largest in the history of the Project.

The company said the strong cash flows from the Jaguar Project can be expected to continue.

The Bentley Reserve now includes all of the massive sulphide and stringer Resource in the upper 350 metres of the Bentley ore body, but does not include the lower 200 metres of as yet unclassified mineralisation.

Jaguar and Bentley Resources have both achieved a +95% Resource/Reserve conversion to date for the massive sulphides.

The latest Bentley underground Reserve increases the overall Jaguar Project direct feed reserve to over 7 years mine life at current treatment rates with an additional +1 year available from footwall stringer that is copper-gold rich and has demonstrated amenability to preconcentration using heavy media separation.

Potential further upside is available from the stage three’ mineralisation below the current classified resource at Bentley, with the stage three’ upgrade to the Bentley Mine Resource expected in the December quarter.

Jabiru is now in a position to consider what opportunity exists to increase the size and scale of the Project in order to optimise and increase cash flows and profit into the future.

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