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Jervois Mining Ltd.
Summary
| Project: | Nico Young | |
|---|---|---|
| Deposit: | Nico Young | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt | |
| Date: | 5/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-5-2019: Jervois Mining Ltd. announces a PEA report for its Nico Young deposit at the Nico Young project. PEA results incl. post-tax NPV of US $179.6M (8%), IRR of 14.4%, 20yr LOM at the project. The Nico Young Project (“the Project”) is a mineral explo | |
| Resources: | (Resource): 90.1Mt @ 0.63% Ni, 0.05% Co (Inf.), 3.2Mt @ 0.67% NI, 0.04% Co (Ind.) | |
| CP/QP: | [Resources]: Jeremy Peters (Snowden Mining Industry Consultants Pty Ltd.) | |
| ABSTRACT: | The Nico Young Project (“the Project”) is a mineral exploration area for nickel cobalt laterite located approximately 30 kilometres (km) west-northwest of the town of Young in the State of New South Wales (NSW), Australia. The Project area is held by Nico Young Pty Ltd under Exploration Licences (ELs) 5571, 5527 and 8698 in accordance with the NSW Mining Act 1992 for Group 1 Minerals including nickel and cobalt. Nico Young Pty Ltd is owned by Jervois Mining Limited (“JRV”), a company listed on the Australian Securities Exchange (ASX). JRV’s titles cover 40.6 square kilometres (km2). An unrelated magnesite quarry is located on Mining Lease CML15 and is shown on the map in the Adjacent Properties section. EL7333 surrounds CML15 to the North and West and is an exploration licence for Group 2 Minerals. | |
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