About Jabiru
Company Overview
Jabiru Metals Limited (Jabiru) is an Australian resources company whose key products are zinc and copper sold to refineries in the form of zinc concentrate and copper concentrate. Jabiru's copper concentrate also contains significant silver credits and a small amount of gold.
Copper (Cu) is atomic number 29 on the periodic table. Copper is malleable and ductile and is a good conductor of both heat and electricity. It is therefore used extensively in products such as piping (for plumbing, refrigeration and air conditioning), electrical applications such as copper wire, household products such as cookware, and coinage. It is also used in electroplating and as an additive in various chemicals and alloys. Copper is 100% recyclable and it is estimated that 80% of the copper ever mined is still in use today. Zinc (Zn) is atomic number 30 on the periodic table. Its major application is in the corrosion resistance of steel through zinc plating. Other uses of zinc include the making of batteries and alloys such as brass.
Jabiru has significant expertise in exploring, mining and processing of volcanogenic massive sulfide (VMS) style metal deposits. The Company currently operates the 100%-owned Jaguar Project which processes ore from the Jaguar underground mine and is also currently developing the nearby Bentley mine. Ore is processed on site at the Jaguar concentrator and is transported by truck 720km to the Port of Geraldton, located midway on Australia's west coast. There, it is held in inventory until loaded onto ships and delivered to customers.
Ships carrying between 20,000 to 40,000 tonnes of concentrate are commissioned by Jabiru to take the product to customers located in Japan, China, Korea, and Thailand. Jabiru is paid for the metal content within the concentrate minus charges for refining and treatment.
The Company’s projects also include its 100% Jabiru-owned Stockman project in Victoria. Stockman has a significant VMS copper, zinc, silver and gold resource that Jabiru is working towards bringing into production. The Stockman Project is in the advanced exploration stages, with Jabiru having defined significant resources and engaged in further exploration drilling programs, mining and mineral processing studies, and satisfying state requirements for a mining license in Victoria. Jabiru also has a number of greenfields exploration properties in Australia.
Corporate Governance
Corporate Governance is the system by which companies are directed and managed. It influences how the objectives of the Company are set and achieved, how risk is monitored and assessed and how performance is optimised.Good corporate governance procedures encourage companies to create value whilst providing accountability and controls commensurate with the risks involved. Jabiru Metals Limited is committed to high standards of corporate governance.
Policies and procedures which follow the “Principles of Good Corporate Governance and Best Practice Recommendations” issued by the Australian Stock Exchange (“ASX”) Corporate Governance Council in March 2003, to the extent they are applicable to the Company, have been adopted.
These documented policies and procedures for the basis of the Company’s corporate governance system and are set out in the following documents:
- JML Constitution
- Board Charter
- Audit and Risk Management Committee
- Remuneration and Nomination Committee
- Directors’ and Executive Officers’ Code of Conduct
- Performance Evaluation Process
- Code of Business Conduct
- Securities Dealing Policy
- Communications Strategy
- Disclosure Policy
- Risk Management and Internal Control