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Royalties

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Jervois has accumulated royalties over several projects in which it was previously involved. These are now viewed as non-core assets and the Company is seeking strategies to monetise these holdings.

FOREST REEFS

Jervois has a 1.5% NSR on any production from Forest Reefs which is held by Newcrest. This project is currently in the exploration phase.

MT MOSS ROYALTY

Jervois holds a 1.5% NSR over any base metal, magnetite or silver production from Mt Moss mine in Queensland, Australia.  The mine is currently on care and maintenance and had a production capacity of approximately 0.5Mtpa magnetite prior to operations ceasing.  Remaining resources were estimated at December 2012 as 11Mt @ 44.5% Fe in oxide (hematite) and 9.4Mt @ 45.0% Fe (magnetite).  The mine also has the geological potential to produce copper and zinc concentrates as secondary products due to its skarn classification.