JML 0.00% 75.5¢ jabiru metals limited

"Jabiru have also recently purchased the Benambra deposit in...

  1. 1,038 Posts.
    "Jabiru have also recently purchased the Benambra deposit in Victoria from the state government"

    This is incorrect!

    Benambra was won by JML in a tender process. JML has a commitment of $19.6m over the first five years of the project which is now the minimum statutory requirement for Jabiru to retain the tenements. (from the 05/04/07 announcmement).

    So JML was given the following potential resource:

    • Wilga - 3.3Mt @ 3.4% copper, 0.5% lead, 6.1% zinc, 36 g/t silver, 0.5 g/t gold;
    • Currawong - 9Mt @ 2% copper, 0.8% lead, 4.2% zinc, 39 g/t silver, 1.2 g/t gold1;
    (from the 28/03/07 announcmeent)



 
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