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Jervois Mining Quarterly Activities Report to 30 June 2020

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douginil   Thursday, 07/23/20 08:52:02 AM
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Jervois Mining Quarterly Activities Report to 30 June 2020

Highlights

- United States Idaho Cobalt Operations (“ICO”) Bankable Feasibility Study (“BFS”) close to finalisation; marketing negotiations continue and public release of the study (delayed due to Covid-19) to occur by the end of Q3 2020
- RPM Global USA Inc (“RPM”) work as Independent Technical Engineer for lender(s) advanced to an interim stage then paused ahead of BFS completion
- Jervois Board approved mobilisation of drill crew in Uganda to test the CC copper-gold target in the Kilembe Area with up to 1,000 metres of drilling on significant outcropping mineralisation
- Jess Birtcher appointed Acting Chief Financial Officer based in Idaho, United States
- A$5.8 million cash as at 30 June 2020, with no debt
- Jervois’ cash position will allow it to finalise the ICO BFS and associated marketing, continue United States government and lender engagement as part of the ICO project financing process, complete the Uganda drilling outlined above, and maintain its current operational footprint for more than 12 months

Read at:
https://mcusercontent.com/6f52ace6c580fa2e1b6485f53/files/da0b0de8-bb12-4559-b923-575a88505168/02257686.pdf



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