Surface Drilling Campaign Commences At The Sunshine Deposit

AUSTRALIA - Jervois Global Limited has commenced its surface drilling campaign at the Sunshine deposit adjacent to Idaho Cobalt Operations (ICO) in Idaho. Mobilisation is underway with drilling to commence at the start of September 2023, pending final U.S. Forest Service (USFS) approval. Drilling will occur under the previously announced the U.S. Department of Defense US$15.0 million funding agreement. The Agreement Funding is under the Manufacturing Capability Expansion and Investment Prioritization office of Industrial Base Policy using the U.S. Defense Production Act Title III authorities and utilises funds from the Additional Ukraine Supplemental Appropriations Act.

Jervois expects to complete approximately 2,000 metres of drilling from surface, designed to intersect the Sunshine deposit with the results expected to enable the deposit to be upgraded to a modern mineral resource. Sunshine is a unique brownfield exploration opportunity, with a significant historical dataset which has underpinned design of this upcoming programme. Sunshine is an historic deposit adjacent to Jervois’s 100% owned ICO, within short trucking distance of the recently constructed processing facilities.