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Wednesday, 09/23/2020 9:52:59 AM

Wednesday, September 23, 2020 9:52:59 AM

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Jervois receives A$1.537 million R&D tax refund for Nico Young

Sept 23, 2020


- Jervois Mining has received from the Australian Tax Office (“ATO”) a research and development (“R&D”) tax refund of A$1.537 million for the year ending June 2019
- Refund relates to metallurgical and other process testwork on Jervois’s 100% owned Nico Young nickel-cobalt heap leach development in New South Wales, Australia
- Nico Young NI 43-101 Preliminary Economic Assessment (“PEA”) confirmed the deposit represents an attractive opportunity for development in a low risk jurisdiction
- OEM’s (automakers) and lithium ion battery manufacturers are seeking secure, reliable supply of low carbon nickel and cobalt, produced in an environmentally and socially responsible manner, from stable jurisdictions. Nico Young is unique in its low capital intensity and technical risk relative to alternate laterite flowsheets
- Current Jervois cash balance of A$5.6 million

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