Jervois owns 100% of the Nico Young Cobalt-Nickel Project in Australia. The project has a total JORC 2012-compliant mineral resource estimate of 167.8Mt at a grade of 0.59% Ni and 0.06% Co, and Jervois is finalizing a PFS basis a 3.0Mtpa ore throughput per annum based on low capital and technical risk heap leaching. Jervois also owns a 4.54%-interest in eCobalt Solutions and has applied for a prospecting licence over the Kabanga Nickel-Cobalt Project, located in Tanzania. The company is well funded and expects to finish 2018 with between A$9m and A$10m in cash and liquid securities, excluding its holding in eCobalt and the Bullabulling royalty. In January, Jervois and M2 Cobalt announced a friendly merger to create an industry leader in raw material supply for lithium ion batteries.
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