STOCKMAN (BENAMBRA) PROJECT

Jabiru Metals Ltd announced the results of a Scoping Study on its Stockman Project located in Victoria, Australia. The study has confirmed that the Stockman Project is economically and technically robust. Operating at an annualised capacity of ~ 950,000 tpa the operation will produce 126,000 tonnes of copper, 4.2 million ounces of silver and 96,000 ounces of gold in copper concentrate and 206,000 tonnes of zinc in zinc concentrate over its initial 7.25 year life.

Jabiru Metals announced that the Victorian Department of Primary Industries has approved the grant of mining licence 5523 which covers the planned Stockman Project area located in Victoria, Australia.

Jabiru Metals reported to have completed a revised resource estimate for the Stockman Project based on a combination of historic and recent drilling data. The revised estimate has upgraded the previously defined Inferred Resource to a combination of Indicated and Inferred Resource Categories in line with 2004 JORC guidelines. The newly revised estimate comprises a combined Indicated + Inferred Resource that is comparable to the previous Inferred Resource Estimate of 12.3Mt @ 2.4% Cu, 4.7% Zn, 0.7% Pb, 38g/t Ag (+1.0g/t Au). The revised estimate for the Currawong deposit is directly comparable to the previously reported Inferred Resource of 9.0Mt @ 2.0% Cu, 4.2% Zn, 0.8% Pb, 39g/t Ag, 1.2g/t Au. The revised estimate for Wilga differs from the previously reported Inferred Resource Estimate of 3.3Mt @ 3.4% Cu, 6.1% Zn, 0.5% Pb, 36g/t Ag, 0.5g/t Au, with lower copper and zinc grades.