Jervois Global Ord Shs V.JRV

Alternate Symbol(s): JRVMF

Metals & Mining Industrial Metals & Minerals

Jervois Global Limited is an Australia-based supplier of cobalt and nickel, serving both the battery and chemicals markets. The Company's segments include Australia, Brazil, Finland, United States and Other. The Australia segment includes Nico Young and other Australian tenement licenses held. The Brazil segment includes the Sao Miguel Paulista nickel and cobalt refinery (SMP Refinery). The Finland segment includes the cobalt refining and specialty products business located in Kokkola, Finland. Its product categories include chemical and catalysts, pigments, powder metallurgy and battery. The United States segment includes the Idaho Cobalt Operations (ICO) cobalt-copper-gold mine in Lemhi County outside of the town of Salmon, Idaho. The Other segment consists of non-core exploration not related to Australia and the United States. The Company's non-core assets are located in Canada (Virgin River project and Kernahan/Bell project) and Australia (Arunta West project).

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Post by MBASon Apr 04, 2024 1:18pm

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Post# 35970766

Jervois Completes Maiden JORC Resource for Sunshine at ICO,

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Jervois Completes Maiden JORC Resource for Sunshine at ICO, USA

Jervois completes maiden JORC Resource
for Sunshine at ICO, USA

Highlights

Inaugural JORC Mineral Resource Estimate (“MRE”) for the Sunshine deposit at Idaho Cobalt Operations (“ICO”) incorporates 1,100 meters (“m”) of verification drilling across seven drill holes
Sunshine hosts Inferred Resources of 0.52 million metric tonnes @ 0.50% cobalt, 0.68% copper and 0.49 g/t gold; at a 0.25% Co cut-off-grade
Inferred Resources represent Sunshine’s future potential as additional strategic, domestic United States (“U.S.”) cobalt supply to be processed at ICO’s existing surface infrastructure
Sunshine MRE established via by United States Department of Defense (“DoD”) Defense Production Act (“DPA”) Title III US$15 million award
Extensive historical data validated and incorporated within initial Sunshine MRE to maximise use of and leverage existing funding from U.S. DoD DPA Title III award
Jervois continues underground development to support extensional drilling of the RAM deposit at ICO with underground drilling underway
U.S. Government has declared cobalt a critical mineral, and a reserve or price floor to sustain domestic American production has been put forward by the U.S. Congressional Select Committee on the Chinese Communist Party

Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) is pleased to announce its inaugural JORC/CIM compliant MRE for the Sunshine deposit which, along with the RAM deposit is part of its 100%-owned ICO in the U.S.

This Sunshine MRE has been completed in accordance with modern international geological reporting standards, namely the Australian JORC Code 2012, the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) definition standards and best practice guidelines (2014, 2018, 2019), and is reported in accordance with the Canadian Securities Administrations National Instrument (“NI”) 43-101.

Table 3: ICO Consolidated Mineral Resource Statement

Click here to view the full announcement

For further information, please contact:

Investors and analysts:
Alicia Brown
Corporate Affairs
Jervois Global Limited
Alicia.brown@jervoisglobal.com

Media:
Nathan Ryan
NWR Communications
nathan.ryan@nwrcommunications.com.au
+61 (0) 420 582 887

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Jervois Global
Suite 2.03, 1-11 Gordon Street
Cremorne, VIC 3121
Australia

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