Jervois mining ltd
Re: Jervois mining ltd
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Re: Jervois mining ltd
Jervois advances construction at Idaho Cobalt Operations
• Update following visit to site to review construction progress by Directors Mr. Bryce Crocker and Mr. Mike Callahan.
• Detailed engineering and procurement substantially advanced with commitments for more than 40 per cent of all equipment and material required for construction of Jervois’ 100% owned Idaho Cobalt Operations (“ICO”), United States.
• Since Board approval for full construction Jervois has now committed more than US$30 million towards equipment, materials and labour costs for ICO.
• Activity underway at ICO includes civil and concrete works for construction of the processing plant and preparation for underground mining.
• ICO construction, procurement and engineering schedule is on track, with commissioning and first production of cobalt concentrate from a mine in the United States in generations expected from mid 2022.
• First draw down of US$100 million bond offering (the “Bond Offering”) continues to be anticipated in Q4 2021
Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) is pleased to update on construction progress at its Idaho Cobalt Operations (“ICO”) in Idaho, United States, which continues on schedule.
• Update following visit to site to review construction progress by Directors Mr. Bryce Crocker and Mr. Mike Callahan.
• Detailed engineering and procurement substantially advanced with commitments for more than 40 per cent of all equipment and material required for construction of Jervois’ 100% owned Idaho Cobalt Operations (“ICO”), United States.
• Since Board approval for full construction Jervois has now committed more than US$30 million towards equipment, materials and labour costs for ICO.
• Activity underway at ICO includes civil and concrete works for construction of the processing plant and preparation for underground mining.
• ICO construction, procurement and engineering schedule is on track, with commissioning and first production of cobalt concentrate from a mine in the United States in generations expected from mid 2022.
• First draw down of US$100 million bond offering (the “Bond Offering”) continues to be anticipated in Q4 2021
Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) is pleased to update on construction progress at its Idaho Cobalt Operations (“ICO”) in Idaho, United States, which continues on schedule.
Re: Jervois mining ltd
• Jervois has commenced underground construction of its 100%-owned Idaho Cobalt Operations (“ICO”).
• During the last quarter Jervois has conducted portal bench construction and extension work to enable development of the mine to start in Q4 2021.
• The start of underground construction marks the first time in decades the United States will have a primary cobalt mine.
• With Jervois’s commencement of underground work, the United States has taken an important leap forward toward a secure cobalt supply chain.
• Jervois is committed to building an ethical, sustainable and secure Western alternative to the current cobalt supply chain, and to working with its diverse customer base across key strategic industries in the United States, Europe and Japan.
• ICO construction, procurement and engineering schedule remains on track, with commissioning and first production of cobalt concentrate expected from mid-2022.
• Separate copper concentrates also expected to be produced and sold to North American customers in parallel, with current copper prices significantly above the US$3.00 per lb applied in the ICO Bankable Feasibility Study (“BFS”).
Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) is pleased to advise that underground construction of its 100%-owned Idaho Cobalt Operations (“ICO”) in the state of Idaho, United States, has commenced.
This historic step marks the first time in decades that the United States will have a primary cobalt mine within its borders. With Jervois’s commencement of underground work, the United States has taken an important leap forward toward a secure cobalt supply chain. The Biden Administration recently discussed the perilous situation faced by the United States related to cobalt in its high-profile review of supply chain vulnerabilities. Jervois looks forward to continuing its work with political leadership in the United States, particularly with Governor Brad Little to consolidate on strong support received by the Company from Idaho and its congressional delegation.
Cobalt is a crucially important material for both defense and civilian applications. The electrification of the United States and global transportation sectors are currently and expected to continue driving exceptional cobalt demand growth. Jervois Global is committed to building an ethical, sustainable and secure Western alternative to the current cobalt supply chain, and to working with its diverse customer base across a wide range of key strategic industries in the United States, Europe and Japan.
Over the last three months portal bench construction and extension work has been conducted as part of the early works package which has enabled the mine to start in Q4 2021. Construction consisted of highwall exposure and cut and fill and compaction during Q3 2021, completed by local contractor Scarrow Excavation. Western United States underground mining contractor, Small Mine Development (“SMD”), completed bolting and meshing of the highwall above the east and west portal as well as the installation of a rock fall fence to protect critical infrastructure.
Initially a 2-foot advance blast was initiated on the west portal.The blast was designed to protect the portal face as part of the development of the mine. Prior to the blast, a 62-foot advance pilot hole was drilled and confirmed dry, reaffirming the decision to initiate development of the early works construction to access the RAM deposit, the initial orebody underpinning Jervois’s published Bankable Feasibility Study (“BFS”) on the development of ICO in September 2020. First ore is anticipated to be reached in Q1 2022.
Broader site construction activity continues, and first draw down of the US$100 million bond offering continues to be anticipated in Q4 2021. ICO construction, procurement and engineering schedule remains on track, with commissioning and first production of cobalt concentrate expected from mid-2022. Separate copper concentrates also expected to be produced and sold to North American customers in parallel, with current copper prices significantly above the US$3.00 per lb applied in the ICO BFS
• During the last quarter Jervois has conducted portal bench construction and extension work to enable development of the mine to start in Q4 2021.
• The start of underground construction marks the first time in decades the United States will have a primary cobalt mine.
• With Jervois’s commencement of underground work, the United States has taken an important leap forward toward a secure cobalt supply chain.
• Jervois is committed to building an ethical, sustainable and secure Western alternative to the current cobalt supply chain, and to working with its diverse customer base across key strategic industries in the United States, Europe and Japan.
• ICO construction, procurement and engineering schedule remains on track, with commissioning and first production of cobalt concentrate expected from mid-2022.
• Separate copper concentrates also expected to be produced and sold to North American customers in parallel, with current copper prices significantly above the US$3.00 per lb applied in the ICO Bankable Feasibility Study (“BFS”).
Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) is pleased to advise that underground construction of its 100%-owned Idaho Cobalt Operations (“ICO”) in the state of Idaho, United States, has commenced.
This historic step marks the first time in decades that the United States will have a primary cobalt mine within its borders. With Jervois’s commencement of underground work, the United States has taken an important leap forward toward a secure cobalt supply chain. The Biden Administration recently discussed the perilous situation faced by the United States related to cobalt in its high-profile review of supply chain vulnerabilities. Jervois looks forward to continuing its work with political leadership in the United States, particularly with Governor Brad Little to consolidate on strong support received by the Company from Idaho and its congressional delegation.
Cobalt is a crucially important material for both defense and civilian applications. The electrification of the United States and global transportation sectors are currently and expected to continue driving exceptional cobalt demand growth. Jervois Global is committed to building an ethical, sustainable and secure Western alternative to the current cobalt supply chain, and to working with its diverse customer base across a wide range of key strategic industries in the United States, Europe and Japan.
Over the last three months portal bench construction and extension work has been conducted as part of the early works package which has enabled the mine to start in Q4 2021. Construction consisted of highwall exposure and cut and fill and compaction during Q3 2021, completed by local contractor Scarrow Excavation. Western United States underground mining contractor, Small Mine Development (“SMD”), completed bolting and meshing of the highwall above the east and west portal as well as the installation of a rock fall fence to protect critical infrastructure.
Initially a 2-foot advance blast was initiated on the west portal.The blast was designed to protect the portal face as part of the development of the mine. Prior to the blast, a 62-foot advance pilot hole was drilled and confirmed dry, reaffirming the decision to initiate development of the early works construction to access the RAM deposit, the initial orebody underpinning Jervois’s published Bankable Feasibility Study (“BFS”) on the development of ICO in September 2020. First ore is anticipated to be reached in Q1 2022.
Broader site construction activity continues, and first draw down of the US$100 million bond offering continues to be anticipated in Q4 2021. ICO construction, procurement and engineering schedule remains on track, with commissioning and first production of cobalt concentrate expected from mid-2022. Separate copper concentrates also expected to be produced and sold to North American customers in parallel, with current copper prices significantly above the US$3.00 per lb applied in the ICO BFS
Re: Jervois mining ltd
Jervois Global Limited (“Jervois”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) is pleased to update its progress on construction at its Idaho Cobalt Operations (“ICO”) in Idaho, United States.
To date, approximately three quarters of all equipment and material for the project is now committed. Jervois has committed more than US$36.0 million of the Board approved capital budget of US$92.6 million towards equipment, materials and labour costs both onsite and for detailed engineering.
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 February 2022. The delay in camp commissioning will decrease productivity through the winter in order to ensure workforce safety.
Together with EPCM M3 Engineering, the project team led on site by ICO Project Director Mike Romaniuk is undertaking a detailed review of the construction schedule. The date of commissioning in the second half of 2022 is expected to be increasingly influenced by weather conditions of the current winter construction season.
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 US$100 million Senior Secured Bond, ahead of the first US$50 million drawdown.
More than US$100 million has been invested at ICO to date. As part of the current construction cycle at site, Jervois has advanced construction of key infrastructure items including (see Appendix A):
• 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 the United States
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 the United States only domestic mine supply of cobalt.
Cobalt is a critical mineral for the United States and is used in applications across industry, defense, energy and electric vehicles. Jervois notes the United States’ increased focus on the importance of developing a secure supply chain for critical materials, particularly cobalt. Jervois notes coverage in the New York Times article on November 21, 2021, that highlighted risks associated with the current geographical concentration of cobalt mining and processing. Jervois is focused advancing ICO into commercial operation, and together with its refining and advanced manufacturing businesses elsewhere in the Americas and Europe, the Company believes it can play a leading role in offering stable, secure supply of critical products to customers in the United States, Europe and Japan that underpin the energy transition to a decarbonized economy in coming decades.
To date, approximately three quarters of all equipment and material for the project is now committed. Jervois has committed more than US$36.0 million of the Board approved capital budget of US$92.6 million towards equipment, materials and labour costs both onsite and for detailed engineering.
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 February 2022. The delay in camp commissioning will decrease productivity through the winter in order to ensure workforce safety.
Together with EPCM M3 Engineering, the project team led on site by ICO Project Director Mike Romaniuk is undertaking a detailed review of the construction schedule. The date of commissioning in the second half of 2022 is expected to be increasingly influenced by weather conditions of the current winter construction season.
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 US$100 million Senior Secured Bond, ahead of the first US$50 million drawdown.
More than US$100 million has been invested at ICO to date. As part of the current construction cycle at site, Jervois has advanced construction of key infrastructure items including (see Appendix A):
• 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 the United States
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 the United States only domestic mine supply of cobalt.
Cobalt is a critical mineral for the United States and is used in applications across industry, defense, energy and electric vehicles. Jervois notes the United States’ increased focus on the importance of developing a secure supply chain for critical materials, particularly cobalt. Jervois notes coverage in the New York Times article on November 21, 2021, that highlighted risks associated with the current geographical concentration of cobalt mining and processing. Jervois is focused advancing ICO into commercial operation, and together with its refining and advanced manufacturing businesses elsewhere in the Americas and Europe, the Company believes it can play a leading role in offering stable, secure supply of critical products to customers in the United States, Europe and Japan that underpin the energy transition to a decarbonized economy in coming decades.
Re: Jervois mining ltd
het is hier al een tijdje stil rond dit aandeel (vroegere formation metals - daarna ecobalt solutions). Het enige kobaltproject in US (Idaho). In de huidige omstandigheden en het toenemende protectionisme groeit de interesse rond het aandeel. het klimt dan ook gestaag en tikte de voorbije nacht in Australie (noteert zowel in Australie als Canada) een recordniveau aan. 0,92 AUD.
Als ze er dit jaar in slagen om effectief de mijn operationeel te krijgen en dit met de huidige kobaltprijs (x2 op jaarbasis) zal dit een boost geven op de waardering.
Als ze er dit jaar in slagen om effectief de mijn operationeel te krijgen en dit met de huidige kobaltprijs (x2 op jaarbasis) zal dit een boost geven op de waardering.
Re: Jervois mining ltd
Ik herinner mij ook nog de naam Formation Capital.
Meer dan 15 jaar geleden kwam een zekere Kevin Van Campenhout met zijn beleggersblad Beursparels hiermee op de proppen.
Ik herinner mij dat er "permits" moesten aangevraagd worden en "feasability studies" worden neergelegd, maar op vandaag ken ik de huidige stand van zaken niet.
Hebben die na +/- 20 jaar nog steeds geen kobalt opgehaald?
Wat er met Kevin gebeurd is, of waar hij zich bevindt, ik heb er het raden naar...
Meer dan 15 jaar geleden kwam een zekere Kevin Van Campenhout met zijn beleggersblad Beursparels hiermee op de proppen.
Ik herinner mij dat er "permits" moesten aangevraagd worden en "feasability studies" worden neergelegd, maar op vandaag ken ik de huidige stand van zaken niet.
Hebben die na +/- 20 jaar nog steeds geen kobalt opgehaald?
Wat er met Kevin gebeurd is, of waar hij zich bevindt, ik heb er het raden naar...
