(via TheNewswire)
Highlights:
Following drift mine development alongside the RAM orebody at Jervois’ 100% owned Idaho Cobalt Operations (“ICO”), Jervois has commenced underground extension drilling from the existing mineral resource estimate (“MRE”)
Jervois is interpreting previously announced1assay results from the Sunshine surface programme, with modelling of the deposit nearing completion
Sunshine and RAM exploration programmes are fully funded under
the United States (“U.S.”) Government’sDepartment of Defense (“DoD”) Production Act Title IIIUS$15.0 million grant award (“Agreement Funding”)
Prior to these exploration programmes, ICO’s mineral resource and reserve is already the largest and highest grade confirmed cobalt orebody in the
U.S.
Cobalt is a critical mineral as declared by the
U.S. Government due to cobalt’s aerospace, defense and energy transition applications
U.S. Congressional Select Committee on theChinese Communist Party has put forward a reserve or price floor to sustain domestic American production
The RAM resource extension programme has completed approximately 50% of the underground exploration drift and step-out drilling to define potential extension of the existing RAM mineral resource has commenced.
Based on the existing
The Agreement Funding is under the Manufacturing Capability Expansion and Investment Prioritization office of Industrial Base Policy using the
On behalf of
For further information, please contact:
Investors and analysts: Group Manager – External Affairs alicia.brown@jervoisglobal.com | Media: nathan.ryan@nwrcommunications.com.au Mob: +61 420 582 887 |
Forward-Looking Statements
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule”, “expected” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to drilling outcomes at Sunshine, underground exploration development in the RAM deposit, drilling in the RAM deposit, mineral resource estimates for Sunshine, reimbursement payments from the
Neither
1 See ASX announcment dated
2See ASX announcement dated
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