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Jervois Mining Quarterly Activities Report to 31 December 2019

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douginil   Friday, 01/31/20 08:48:14 AM
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Jervois Mining Quarterly Activities Report to 31 December 2019

January 30, 2020

HIGHLIGHTS

Bankable Feasibility Study (“BFS”) for Idaho Cobalt Operations (“ICO”) on track for completion by end March 2020

ICO Refinery Scoping Study underway in parallel with BFS

Updated ICO Mineral Resource Estimate (“MRE”) increased contained cobalt in Measured Resource by over 20%

New ICO MRE maximises cobalt grade using improved block design and modelling methods

3,125m diamond drilling completed at ICO, reconfirming Ram zone mineralisation as a high grade cobalt deposit with copper and gold credits, and extending hanging wall zones

Initial results from 3,645m diamond drilling at Kilembe and Waragi, Uganda released after quarter end. Initial results expand prospective Kilembe areas (rock chip highlights include 41.0 g/t Au, 20.5 g/t Au, 10.3 g/t Au and 9.8 g/t Au) and improve understanding of mineralization

In Uganda, initial Kilembe drill intercepts included 9.9m @ 1.37 g/t Au; Waragi 1.5m @ 0.23% Co – majority of assay results from this program yet to be returned

Uganda exploration continues in Q1 2020

On January 17, revised offer filed for Kabanga deposit, Tanzania

A$12.4 million cash as at 31 December 2019


Click here to view the activities report
https://mcusercontent.com/6f52ace6c580fa2e1b6485f53/files/5a4fabb3-cac5-4258-83c1-a711c6d8c7e3/02197252_1_.pdf



Click here to view the cash flow report
https://mcusercontent.com/6f52ace6c580fa2e1b6485f53/files/1ab19d3b-ddf9-430c-87d3-503c806a2909/02197196.pdf



The Company is also pleased to attach a presentation that Simon Clarke, EGM Corporate Affairs will give at the 121 Mining Investment conference in Cape Town, South Africa, scheduled next week alongside Indaba. Mr Clarke is attending the 121 Mining Investment conference hosting 1-1 meetings with institutional investors alongside Russell Bradford, Idaho Cobalt Operations Project Director.

Click here to view the presentation
https://jervoismining.com.au/wp-content/uploads/2019/01/02197158.pdf



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