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Nico Young Project

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NICKEL-COBALT

Highlights:

  • Nico Young has a JORC Inferred Resource of 167.8 million tonnes (Mt) at 0.59% nickel and 0.06% cobalt
  • Mineral Resource includes a higher-grade zone of 42.5Mt at 0.80% Ni and 0.09% Co
  • Mineral Resources are held in two Exploration Licences – EL5527 “Ardnaree” and EL5571 “Thuddungra”
  • Mineralisation is associated with laterite enrichments of nickel and cobalt
  • Jervois has completed more than 10,000m of drilling Nico Young over the past 20 years
  • A Pre-Feasibility Study for Nico Young is underway and expected to be completed by the end of Q3 CY2018.

Nico Young is a nickel and cobalt deposit located 25km northwest of Young, New South Wales, Australia. Nico Young comprises two distinct bodies of mineralisation held under separate but adjacent exploration licenses: “Ardnaree” and “Thuddungra”. Both resources are large, shallow, flat-lying structures amenable to low-strip, open-pit mining.

Jervois has rapidly developed Nico Young into a core asset, with cobalt-nickel resources becoming increasing valuable as demand of lithium-ion batteries for a range of products including electric vehicles (EVs) continues to grow.

Nico Young has JORC Inferred resources of 167.8Mt @ 0.59% Ni and 0.06% Co (using a 0.6% Ni equivalent cut-off); including a higher grade zone of 42.5Mt @ 0.80% Ni and 0.09% Co (using a 1.0% Ni equivalent cut-off).

Nico Young is well positioned and serviced by existing infrastructure including rail, road, power and natural gas. The deposit is 300km from export facilities at Wollongong and 15km from existing rail loading facilities.

Jervois has completed infill drilling at Nico Young in early 2018 aiming to upgrade a section of the resource to JORC Indicated category and proving up shallow, higher grade cobalt zones that may be amenable to early mining.

A Pre-Feasibility Study (PFS) for Nico Young is underway and expected to be complete by the end of Q3 CY2018.