+ + data and comment ++

JBM--JUBILEE MINES
http://www.jubileemines.com.au/

BigChart:
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=au%3AJBM&time=&freq=

Shares: 124.6 mill. 0.5 mill pp shares. 1.1 mill. options.

April 21: Quarterly Report & Letter to Shareholders:
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=259760

March 31, 2004: Strong financial position with cash at bank and receivables totalling A$107.3 million at 31 March 2004.
One concentrate shipment left port during the quarter and, with forthcoming shipments in the June quarter, we are on track to achieve our targeted annual production to June 30 2004 of between 11,500 – 12,000 tonnes of nickel in concentrate.
Unit cost (incl, deprec/amort and royalties: $A3.17/lb.

COSMOS PROJECT:
Mine grades for the quarter were 10.11% nickel, with mill feed grades slightly lower (due to blending with scats), but still excellent at 9.15% nickel metal.
We have now confirmed that the Cosmos Mine area hosts a large, strongly endowed, high tenor mineralised system. It is highly likely that additional discoveries will be made, as is typical with mineralised nickel sulphide systems. As a result, we have determined to increase our exploration expenditure for the forthcoming twelve months to $12 million.

ANOMALY1:
We are currently carrying out a geological interpretation which will shortly be followed by a formal resource calculation (to be completed in the June quarter) followed by mining and other studies.

To date we have tested the mineralisation to an approximate depth of 350 metres below surface, and the next phase of drilling will test the orebody below this level where it is still open. Our thinking at this stage is to mine and process Anomaly 1 as a *separate* operation.

Febr. 18, 2004: 2004 HY Finanical Performance & Update Presentation Parts 1 and 2. (These will take some time to load):
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=255668

http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=255669

Febr. 18, 2004: Media Rel: $53.5M First Half Profit/Record Dividend (20 cents interim)
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=255617

Sept. 10, 2003: Sets new record with $48.4m Net Annual Profit (20 cts final div.).
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=243993

Extract:
On the strength of the result, Jubilee’s directors have recommended a 20 cent final dividend payable on 26 September 2003. This dividend will be partly franked (65.8%) for the first time, reflecting the availability of franking credits from corporate tax payments, and increases the full-year payout to 28 cents representing $34.5 million or 71% of net profits earned during the year returned to shareholders. The increase in profitability was a direct reflection of the 29% increase in revenue recorded.

10 Febr. 2003. Press Release: $16.9m Record First Half Profit (8 cents int. div.)
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=232442

Aug. 22, 2002: Media Rel: Maiden15c Dividend Following $29.56m Full-Yr.Pft.
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=221755

MINING AND EXPLORATION

1. COSMOS (Nickel)
Oct. 4, 1999: Launches Cosmos Project after signing up $52M Package
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=167634

Febr. 16, 2000: Massive Nickel Sulphides Intersected at Cosmos Deeps
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=174298

April 3, 2001: Completion of Cosmos Deeps Feasibility Study (2 parts)
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=194194

Oct.22, 2001:Gives Green Light to Cosmos Deeps
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=203941

June 17, 2003: Commences Underground Mining at Cosmos
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=239024

1.1 ANOMALY 1:
Dec 18, 2003: Anomaly 1 and COSMOS DEEPS Study - Exploration Update
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=252445

1.2 ANOMALY 3 (COSMOS SOUTH). (Nickel).
July 11, 2003: Discovers new zone of nickel sulphides at Cosmos South
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=240289

2. VARIOUS PROPERTIES
March 15, 2000: Joint venture Agreement with Alkane Exploration NL ( Leinster Down, Miranda WEll, McDonough Lookout, Mt Keith):
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=175933

http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=175959

http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=176168

3. THE BANOCKBURN PROJECT (Nickel)
Nov. 13, 2001: JV with Breakaway Resources Ltd on the Banockburn Project
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=205799

4. YUNDAMINDRA PROJECT. (Gold)
Febr. 12, 2002: Enters into JV Agmt with Delta Gold Exploration P/L
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=211002

5. KATHLEEN VALLEY PROJECT (gold)
Kathleen Valley is subject to a joint venture between Jubilee and Giralia Resources NL (Giralia).
Aug.7, 2002: Intersects zone of high grade gold mineralisation
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=221070

6. RANDLES FIND (Nickel)
Oct. 1, 2002: Enters Into JV Agmt On The Randles Find Nickel Sulphide Proj:
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=224175

7. MT GOODE PROJECT (Nickel)
April 8, 2003: Secures strategic Mt Goode Project
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=232442


8. LAKE EMU PROJECT (Nickel).
July 29, 2003: Enters into New Joint Venture
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=241066

Oct. 20, 2003: Emu Lake Drilling Programme:
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=247095

March 1, 2004: Jubilee Discovers High-Grade Nickel Sulphides at Emu Lake
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=256558

9. TAKING SHARES IN NORTHERN STAR.
Oct. 14, 2003: Backs East Kimberley Explor. Push Through Nthn Star Invest.
http://stocknessmonster.com/news-item?S=JBM&E=ASX&N=246663

Under a Subscription Agreement announced today, Jubilee will subscribe for 9.375 million shares at an issue price of 8 cents per share and 9.375 million free options (exercisable at 25 cents) for a total investment of A$750,000.

Northern Star is raising approximately A$1 million in seed capital through an Information Memorandum, and plans to proceed to IPO and subsequent ASX listing as soon as practicable. (Note: NST (Nortern Star Resources) is 11.5 cents at present).

Gerry

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