Jabiru Metals Increases Jaguar Mine Life

9 September 2010 (Last Updated September 9th, 2010 18:30)

Base metals miner Jabiru Metals said it had increased the life of its Jaguar project in Western Australia by three years after upgrading its mineral reserves. The total reserve at the Jaguar mine, located 300km north of Kalgoorlie, is now 3.23 million tons, up from 2.05 million tons previ

Base metals miner Jabiru Metals said it had increased the life of its Jaguar project in Western Australia by three years after upgrading its mineral reserves.

The total reserve at the Jaguar mine, located 300km north of Kalgoorlie, is now 3.23 million tons, up from 2.05 million tons previously.

The resource at the project, with a life of more than eight years, stands at 4.68 million tons.

In a statement, Jabiru Metals said the latest reserve upgrade was the largest in the history of the project, which demonstrated the long-term prospectivity of the company's landholdings in the project area.