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Jervois Mining increases contained Idaho Measured cobalt resource

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douginil   Tuesday, 01/21/20 06:06:33 PM
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Jervois Mining increases contained Idaho Measured cobalt resource by 22%

Jan 21, 2020

Updated Idaho Cobalt Operations (“ICO”) Mineral Resource Estimate (“MRE”), to improve geological certainty ahead of project financing and mine development, has increased the contained Measured cobalt resource by 22%. Total tonnage of Measured and Indicated resources (available for conversion under JORC into Reserves) also rose by 22%.

Jervois bankable feasible study (“BFS”) team has revisited and substantially modified stope design and mine plan execution versus the approach taken by prior ICO owners. This will increase mined cobalt grade and reduce dilution versus published historical studies.

Updated ICO MRE audited by CSA Global (an ERM Group Company) ahead of appointment of lender Independent Engineer associated with project financing.

BFS mine design is underway with an updated ICO Reserve estimate to be released in conjunction with BFS.

ICO BFS remains on track for completion by the end of March 2020, with first concentrate production scheduled in Q4 2021.

Jervois Mining Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) (FRA: IHS) is pleased to announce updated Mineral Resource Estimate (“MRE”) modelling at its Idaho Cobalt Operations (“ICO”) in the United States.

Click here to view the full ASX announcement
https://mcusercontent.com/6f52ace6c580fa2e1b6485f53/files/352337df-2fef-47d7-b001-908484e683b3/02194526.pdf

Jervois is also pleased to provide an update on drill programmes at its Kilembe and Bujagali area properties in central and western Uganda, following partial receipt of confirmed assays from 2019 exploration.

Click here to view the ASX announcement
https://mcusercontent.com/6f52ace6c580fa2e1b6485f53/files/85cd9c1c-9c4c-41c1-a8f2-08c4b278bfbf/02194531.pdf

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