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Monday, 05/16/2022 8:37:54 AM

Monday, May 16, 2022 8:37:54 AM

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Jervois Commencing BFS Refinery Expansion at Kokkola

- Jervois commencing Bankable Feasibility Study (“BFS”) to expand its cobalt refinery capacity at Kokkola
- Jervois Finland, a 100% owned subsidiary of Jervois, has operated for more than 50 years producing cobalt chemicals and powders
- BFS scope will expand annual Jervois refinery capacity access from 6,250 metric tonnes to at least 12,250 metric tonnes of refined cobalt, to meet growing global demand
- Kokkola expansion expected to increase Jervois' participation in cobalt regeneration, with 10-15% of cobalt inputs to be received as recycled units
- Advances Jervois’ strategy to become a globally significant supplier of cobalt products for batteries and other industries

Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTCQX: JRVMF) announces it is commencing a Bankable Feasibility Study (“BFS”) to expand production of refined cobalt at the Kokkola Industrial Park, Finland.

Jervois’ 100%-owned subsidiary, Jervois Finland, is a leading supplier of high quality cobaltbased products, with advanced technological capabilities, product quality and reliability, and a strong commitment to high environmental and sustainability standards. Jervois Finland has more than 50 years’ experience in cobalt production at Kokkola, with a global customer base across rechargeable batteries, chemicals, catalysts, ceramics and powder metallurgy applications.

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