douginil Monday, 03/02/20 06:22:09 PM Re: None Post # of 44 Jervois appoints RPM Global as independent engineer for Idaho project finance March 2, 2020 HIGHLIGHTS Jervois has appointed RPM Global USA Inc (â€œRPMâ€) to act as Independent Engineer (â€œIEâ€) for financing Idaho Cobalt Operations (â€œICOâ€) RPM will assess ICO on behalf of lender(s) in relation to the project financing required for the final phase of construction RPM has a strong track record of acting as IE for debt financiers on mining projects globally and has significant base metals experience in North America ICO Bankable Feasibility Study (â€œBFSâ€) due for completion by the end of March 2020; targeted close for project financing is mid-2020 This timeline enables final construction at ICO to commence during 2H 2020; first commercial production expected end of Q4 2021 Jervois Mining Limited (â€œJervoisâ€ or the â€œCompanyâ€) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) (FRA: IHS) is pleased to announce it has appointed RPM to act as independent engineer (â€œIEâ€) for prospective lenders as the Company works to finalise debt financing for its Idaho Cobalt Operations (â€œICOâ€), USA. Jervois took ownership of ICO in July 2019. RPM has a well-established (50-year) track record of acting as IE for financiers on mining projects globally, including significant base and precious metal experience in North America. The scope of work includes RPM completing an independent due diligence review of ICO and preparing an Independent Technical Expert (â€œITEâ€) report in a form suitable for debt financiers of the project. An Information Memoranda was sent to selected senior lenders in December 2019, with Jervois receiving indicative financing proposals the following month. A final decision with regard to lender(s) appointment will be aligned with BFS finalization. The ICO BFS remains on track for completion by end of March 2020. The appointment of RPM as IE is an important step to maintain Jervoisâ€™s targeted timeline of debt facility drawdown availability by mid-2020.