JERVOIS GLOBAL LIMITED

JERVOIS GLOBAL LIMITED (ASX: JRV)

Jervois has secured US$15 million in funding from the U.S. Department of Defense to advance the U.S. cobalt supply chain security.
The funding will accelerate drilling at the Idaho Cobalt Operations mine and fund a bankable feasibility study for a cobalt refinery in the U.S.
Cobalt is a critical mineral for defense, military, and energy transition applications, making the advancement of U.S. cobalt supply essential.

2023-06-16 09:23:00

Updated 2023 Mineral Resource Estimate for the RAM deposit at Idaho Cobalt Operations shows potential for extended mine life.
Inferred Resources represent a significant opportunity for resource/reserve development, with drilling results providing confidence in the updated RAM resource.
US Department of Defense intends to award Jervois US$15 million under the Defense Production Act Title III program to accelerate drilling and assess construction of a cobalt refinery in the U.S.

2023-04-19 09:17:00

Jervois suspends final construction at Idaho Cobalt Operations due to low cobalt prices and U.S. inflationary impacts on construction costs.
Company expects cobalt prices to recover over the medium term and will complete construction and commission ICO when prices recover.
Jervois applied for U.S. Government grant monies to accelerate drilling and assess construction of a cobalt refinery in the U.S.

2023-03-29 08:20:00

Jervois's in-fill and expansion drilling campaign at Idaho Cobalt Operations returned promising results throughout last year.
Six expansion drill holes intersected the main mineralized horizon, with 3.1 metre true width @ 0.43% cobalt, 0.17% copper and 0.34 g/t gold.
Results from the completed expansion drilling program will be incorporated into an updated Mineral Resource Estimate in Q2 2023, with final construction and commissioning at ICO continuing and first concentrate production in late Q1 2023.

2023-02-20 09:13:00

Jervois has conducted an in-fill and expansion drilling campaign at its 100% owned Idaho Cobalt Operations (ICO) which has returned promising results.
Results from the first two drill holes indicate that the RAM deposit at ICO continues below its currently modelled extent and remains open at depth.
Jervois is using drilling results to update its ICO resource model, expected in Q2 2023.

2023-01-30 08:28:00