Battery Metals

(TheNewswire)



Highlights:

  • -Wayde Yeoman has more than 30 years' experience in the cobalt industry, including production, purchasing and sales

    -Mr Yeoman has been active in the global cobalt supply chain and has direct experience with placing cobalt intermediates into Jervois' Sao Miguel Paulista refinery

    -Yeoman was Director of Cobalt Sourcing and Marketing at OMG and a member of the OMG Cobalt Management team, which made strategic decisions on refining volumes, product mix and pricing strategies

    -Mr Yeoman was also a member of the LME Cobalt Committee and a company representative at the Cobalt Institute

25 November 2020 - TheNewswire - Jervois Mining Limited (" Jervois " or the " Company ") (ASX: JRV) (TSXV:JRV) (OTC:JRVMF) announces its appointment of Wayde Yeoman as Group Manager - Commercial as it drives development and construction of its Idaho Cobalt Operations (" ICO ") in the United States and restart of the Sao Miguel Paulista (" SMP ") refinery in Sao Paulo, Brazil .

Mr Yeoman joins Jervois with more than 30 years of experience in the global cobalt industry. He began his career with The Shepherd Chemical Company (" Shepherd "), a manufacturer of metal-based chemicals, including many cobalt products. Shepherd remains one of the largest consumers of cobalt in the United States. At Shepherd, he progressed through various positions in production, purchasing and sales.

Over the course of his career, Mr Yeoman also worked for global cobalt merchants Metal Resources Group and Darton Commodities, where he had responsibility for sales of cobalt metal to major consumers in the United States.

Mr Yeoman also spent 14 years in multiple roles at OM Group, Inc (" OMG "). OMG was the world's largest cobalt refiner at the time, with more than 10,000 metric tonnes of refined cobalt output annually from the Kokkola facility in Finland. Kokkola's production included cobalt metal powder, cobalt fine powders, cobalt oxide and other salts for use in the battery, hard metal, catalyst and other industries.

As Director of Cobalt Sourcing and Marketing at OMG, Mr Yeoman was active across the global cobalt supply chain. He was responsible for purchasing cobalt feedstocks for the Kokkola cobalt refinery, as well as cobalt metal raw materials for OMG's carboxylate production facilities. As a member of OMG's Cobalt Management executive team, he was involved with strategic decisions regarding refining volumes, product mix and pricing strategies.

In addition, Mr Yeoman sold cobalt salts and cobalt oxide cathode precursors to the lithium ion battery industry, and cobalt metal to alloy producers (including 100% of Norilsk's cobalt production from 2007-2012). When Freeport-McMoRan purchased the OMG cobalt business, Mr Yeoman also had responsibility for the sale of Tenke Fungarume cobalt hydroxide to cobalt refiners around the world, including to the SMP refinery, the facility in Brazil recently purchased by Jervois.

Mr Yeoman was a member of the London Metal Exchange (" LME ") Cobalt Committee, the Minor Metals Trade Association (" MMTA ") North American Sub-Committee, and was a company representative at the Cobalt Institute, the leading global body addressing regulation and government policy for cobalt.

Immediately prior to joining Jervois, Mr Yeoman was General Manager of Chemalloy Co. LLC, a processor of metals and alloys, in greater Philadelphia, PA, United States.

Jervois is excited to have attracted a commercial executive of Mr Yeoman's experience; his background will be enormous value as the Company commences commercial negotiations with both cobalt and nickel suppliers to support the SMP reopening.

Mr Yeoman will be based in the United States and report to Greg Young, EGM - Commercial, whose appointment was announced on 19 October 2020. Jervois expects to announce further additions to its commercial team to support optimising SMP's restart with third party volumes to complement concentrate from its own 100% owned ICO, in the United States.

On behalf of Jervois Mining Limited

Bryce Crocker, CEO.

For further information, please contact:

Investors and analysts: Media:

Bryce Crocker Nathan Ryan

Chief Executive Officer NWR Communications

bcrocker@jervoismining.com.au nathan.ryan@nwrcommunications.com.au

Mob: +61 420 582 887

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Copyright (c) 2020 TheNewswire - All rights reserved.

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Austral Resources Australia Ltd and Glencore Finalise Agreements for $8.3M Spend

Brisbane, Australia (ABN Newswire) - Copper producer Austral Resources Australia Ltd (ASX:AR1) is pleased to announce that the Company has finalised the binding exploration earn-in agreements ("Earn-in Agreements") with MIM, a subsidiary of one of the world's largest mining companies, Glencore.

As announced to the market on 8 June 2022, Austral and MIM entered into a value generating nonbinding complementary Exploration Earn-in Agreements with Austral to expand its oxide exploration activity in both the Exploration Area and within MIM's prospective Russell Fault EPM. Under the Earnin Agreements, the parties agree to share exploration data and certain resources.

Key details of the Earn-in Agreements can be found below

Under the Earn-in Agreements, MIM will have the right to earn-in up to a 65% interest of Austral's JV EPMs by spending A$6.3m over four years. Austral retains the right to explore for and commercially exploit copper oxide ore within the Exploration Area. Additionally, under the Earn-in Agreement with MIM, Austral is entitled to earn-in up to 65% interest within MIM's Russell Fault EPM by spending A$2.0m over four years, effectively increasing the Company's copper exploration area by 116km2 .

Program of work for the Russell Fault Tenement

Indicative program of works across the Russell Fault EPM 26435 as part of the Glencore JV includes:

- Establish scheduled and recurring meetings between AR1 and MIM technical exploration staff.

- Source all relevant Russell Fault exploration data from MIM and evaluate:

o The extent, vintage and quality of data relevant to copper oxides;

o Regional and local structures with the emphasis on structural elements known to be highly prospective;

o Stratigraphic units present within EPM 26435 with the emphasis on the structural juxtaposition of stratigraphy;

o Surface geochemistry and drilling results to identify areas of known copper anomalism;

o Review of known and historic prospects, and extent of exploration; and

o Complete integrated lithological & structural interpretation including 2021 geophysical surveys to identify prospective zones.

- Field visits to prioritised prospective areas including mapping and geochemical sampling if warranted.

- Review and integrate copper oxide targets at Russell Fault EPM 26435 into a prioritised sequence, ranked against current Austral exploration targets, for further testing and evaluation.

- Design and execution of a lean and focused exploration program commensurate with prospectivity.

Austral's Managing Director and Chief Executive Officer, Dan Jauncey, commented:

"This is an exciting JV with Glencore's Mount Isa Mines, as it will provide Austral the opportunity to create significant shareholder value, as the additional expenditure increases the potential for further discoveries. Austral stands to benefit greatly from working with and learning from MIM's seasoned exploration team and we look forward to updating the market with our exploration plans over coming months."

*To view full details, please visit:
https://abnnewswire.net/lnk/ZF0HIAG1



About Austral Resources Australia Ltd:

Austral Resources Australia Ltd (ASX:AR1) is a copper cathode producer operating in the Mt Isa region, Queensland, Australia. Its Mt Kelly copper oxide heap leach and solvent extraction/electrowinning (SXEW) plant has a nameplate capacity of 30,000tpa of copper cathode. Austral is developing its Anthill oxide copper mine which has an Ore Reserve of 5.06Mt at 0.94% Cu. The Company expects to produce 40,000t of copper cathode over a four-year period from mid-2022.

Austral owns a significant copper inventory with a JORC compliant Mineral Resource Estimate of 60Mt at 0.7% Cu and 1,940km2 of highly prospective exploration tenure in the heart of the Mt Isa district, a world class copper and base metals province. The Company is implementing an intensive exploration and development programme designed to extend the life of mine and increase then review options to commercialise its copper resources.

News Provided by ABN Newswire via QuoteMedia

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