In addition, Jervois expects to commence drilling of twelve (12) planned drillholes this coming U.S. summer at the neighbouring Sunshine and East Sunshine deposits to confirm historic datasets of over 100 holes and 19,000m of prior drilling. Sunshine is a 100% Jervois owned property located a short distance from ICO's processing facilities and infrastructure. In addition to the Sunshine area, Jervois continues to evaluate additional exploration targets at ICO.

During 2022, Jervois spent USD 3.4 million to drill 10,300m of both in-fill and expansion drill holes. This calendar year the expected exploration programme, and that embedded within prior ICO operating and capital cost guidance, is USD 7.4 million which is expected to realise 14,600m of drilling, with an increasing weighting in 2023 of drilling targeted toward expanding the MRRE to support potential mine life extension and expansion. Commissioning continues at ICO with first concentrate production expected before the end of first quarter of 2023.

Once in full production, it will be the only mine supply of cobalt in the U.S., a critical metal necessary for industry, defense, electric vehicles and energy generation and distribution in a carbon constrained economy. Jervois continues to discuss with the U.S. Government mechanisms to enhance the operations' contribution to Americas clean energy ambitions and national security priorities. Quality Assurance: All drill core samples are sent to ALS Global Laboratories (Geochemistry Division), an independent and fully accredited laboratory (ISO 9001:2008), in Vancouver, Canada, for analysis for gold by Fire Assay and multi-element Induction Coupled Plasma Spectroscopy.

Jervois employs a regimented Quality Assurance, Quality Control ("QA/QC") program where at least 10% duplicates, blanks and certified reference material are inserted into each sample shipment.