(via TheNewswire)
Highlights:
Detailed engineering and procurement at Jervois’s 100%-owned Idaho Cobalt Operations (“ICO”), in
Idaho ,United States are substantially advanced with commitments for approximately 75% of all equipment and material required for construction.
Mine development has advanced to over 136 feet on the west portal and 100 feet on the east portal, critical progress required to establish underground mining infrastructure.
Jervois Global Chief Executive Officer Mr.Bryce Crocker returned to site to review construction progress.
Once complete, ICO will be the only mine supply of cobalt in
the United States , a critical mineral necessary for industry, defense, electric vehicles and energy generation and distribution in a carbon constrained economy.
To date, approximately three quarters of all equipment and material for the project is now committed. Jervois has committed more than
Jervois has ordered all long lead items for the process plant, which are expected to begin arriving onsite from December. Mining camp units are anticipated to arrive late December upon receipt of necessary permits, with kitchen and supporting units expected to arrive on site in
Together with EPCM M3 Engineering, the project team led on site by
This updated project schedule will then underpin completion of a cost to complete test by Independent Engineer RPM Global, whom is engaged under the terms of the previously announced
More than
Dry stack tailings storage facility which is now prepared for storage of mine waste material and tailings.
Advancing mill building erection and civil work.
SAG and ball mill foundations are being finalized prior to form work and concrete pours.
Flotation building civil work is well underway, and an additional steel erection crew has mobilized to site to complete flotation building erection.
A water treatment plant (WTP”) has been water commissioned and expected to complete in early
December 2021 .A pump back system will move water from the portal pump station to the WTP and is expected to be complete and commissioned in early December.
Mine development in the west portal has advanced over 136 feet and the east portal has now advanced 100 feet.
Operational readiness activities are also advancing. ICO has completed recruiting for key management positions at the operations level including finance manager, mill manager and mine manager in advance of full operations commencing in 2022.
A future domestic source of cobalt for
ICO is a key asset in delivering Jervois’ strategy to become a leading independent cobalt and nickel company providing metals and minerals for the world’s energy transition through a western supply chain. When commissioned, ICO will be
Cobalt is a critical mineral for
On behalf of Jervois
For further information, please contact:
---------------------------------------------------------------- |Investors and analysts: |Media: | |James May |Nathan Ryan | |Chief Financial Officer |NWR Communications | |Jervois Global |nathan.ryan@nwrcommunications.com.au| |jmay@jervoismining.com.au|Mob: +61 420 582 887 | ----------------------------------------------------------------
Forward-Looking Statements
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule”, “expected” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the timing construction activities at ICO, the timing of productions at ICO and certain other factors or information. Such statements represent Jervois’ current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Jervois, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results,performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Jervois does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
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