Jervois Mining

Stage of development: Development
Primary minerals: Copper, Nickel , Cobalt
Project to promote: Idaho Cobalt Operations

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Jervois mining is focused on becoming a global supplier of battery metals and is a leading cobalt company with significant nickel and copper exposure. As part of its global strategy, the Company has secured geographic and asset diversification by combining the development-stage Idaho Cobalt Operations (“ICO”) and Nico Young project in Idaho and Australia respectively with a large package of prospective exploration tenements in Uganda and a strategic base in East Africa. ICO has had US$100m invested to date and is a partially built mine and when it moves into production (currently scheduled for H2 2021) it will be the only producing cobalt mine in the US making it highly strategic. It has the largest compliant resource in the US and is amongst the highest average grade cobalt projects globally.

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Management Profile

Simon Clarke, EGM Corporate Affairs

Ex CEO and Executive Director M2 Cobalt Corp.
Co-founder of OSUM Oil Sands and former Executive VP of RailPower Technologies

Russell Bradford, Project Director

Mining executive with 28 years of international experience: qualified metallurgist with significant project and operational exposure to gold, uranium and base metals.
Past roles include BCL in Botswana, LionOre International, Norilsk Nickel, Mantra Resources in Tanzania and, Asanko Gold in Ghana.

What is your rationale for attending 121 Mining Investment?

Continue to raise profile as a global leader in battery metals and broaden investor interest in company and appetite to invest. Most interested in equity investors (fund managers in particular) but also debt providers interested in our development stage projects.

What recent news would you like to highlight to investors attending?

“Update on Idaho Cobalt Development Strategy” – July 25, 2019;
“Jervois appoints bankable feasibility study engineers” – September 19, 2019
“Jervois appoints Wood as ICO Refinery Scoping Study Engineer” – 14 October, 2019;
“Jervois update on drilling at Idaho Cobalt Operations” – 15 October, 2019
“Jervois drilling results from Idaho Cobalt Operations” – 2 December, 2019
Jervois is focused on finalizing bankable feasibility study by end Q1 2020 and moving into construction during H2 2020 with goal of first production at ICO H2 2021
“Jervois Mining receives Phase 1 drill results, Uganda – 15 October, 2019
Jervois is currently drilling several highly prospective targets on its Uganda exploration tenements

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Finalize Bankable Feasibility Study on Idaho Cobalt Operations. Announce next phase of Uganda drill results

6 Months:

Finalize and draw down construction financing for ICO and commence final phase of construction. Launch next phase of drilling in Uganda.

12 Months:

Constrcution fully underway at Idaho Cobalt Operations with target of H2 2021 for first production. Announce drill results in Uganda and next steps. Potential for other East African initiatives to come to fruition.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Challening times in junior mining sector / battery metals sector with risk-off sentiment impacting investor interest and availability of capital. We continue to market as a global cobalt leader and the best way for investors to play the battery metals space especially with our proximity to production. We also have a team with deep technical experience

In a sentence,what do you think makes your company such a compelling investment?

We are strong believers in the battery thematic and the need for new sources of supply of battery minerals; we have a multi-jurisdictional approach with quality assets and a deep technical team and we blend near-term production and development projects with highly prospective exploration.