Battery Metals

(TheNewswire)



HIGHLIGHTS

  • - Klaus Wollhaf has more than 30 years' industry experience spanning operational, technical and commercial roles across multiple commodities, specifically nickel, cobalt, PGM's and ferrochrome

    - Mr Wollhaf was President of Xstrata Nickel International S.A. responsible for all raw material acquisitions and sales for Xstrata Nickel (now part of Glencore plc) globally encompassing nickel, cobalt, copper and PGM intermediates

    - Mr. Wollhaf has extensive experience trading nickel and cobalt intermediate products globally including concentrates, mattes and mixed metal hydroxides and sulphides

TheNewswire - Nov. 26 th , 2020 - Jervois Mining Limited ("Jervois" or the "Company") (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) announces its appointment of Klaus Wollhaf 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 Wollhaf joins Jervois with more than 30 years of experience in the global mining industry. He began his career with Anglo American Platinum Limited (" AngloPlats "), one of the world's largest producers of platinum group metals ( PGM's ) as a Minerals Process Engineer at Anglo's PGM smelting and base metal refining facilities in South Africa.

Over the course of his career, Mr Wollhaf also worked in senior operational roles across multiple commodities including managing ferrochrome smelting operations for Anglovaal Minerals and Assmang in South Africa, and smelting and refining operations of copper and zinc for Falconbridge (now part of Glencore) in Canada.

Mr Wollhaf has also held senior commercial and marketing roles across a number of commodities including nickel, cobalt, copper, and PGM's.

From 2005 to 2012, Mr Wollhaf was based in Brussels, Belgium within Xstrata Nickel International S.A., the trading vehicle responsible for raw material acquisitions and sales for Xstrata Nickel globally encompassing nickel cobalt, copper and PGM intermediates. Mr Wollhaf was responsible for leading purchasing teams based across the United States and Europe with a mandate to fill capacity of the Sudbury nickel-cobalt smelter in Canada, the Nikkelverk nickel-cobalt refinery in Norway, and the BCL nickel-copper smelter in Botswana. Mr Wollhaf was Vice President from 2005 to 2008, then President until his transfer to Asia to head up Nickel Laterite development at Xstrata Nickel in 2012. Since leaving Glencore in 2013, Mr Wollhaf, via his firm KSSM Consulting Pty Ltd, has consulted to a number of international clients in the mining industry predominantly in nickel and cobalt markets (including Jervois).

Mr Wollhaf has an industry leading background in the purchase and sale of nickel and cobalt intermediates, with extensive experience in trading concentrate, matte and mixed metal hydroxide and sulphide products globally. He is familiar with the SMP refinery in Brazil, having visited a number of times on behalf of Xstrata Nickel (now Glencore).

Mr Wollhaf will work alongside Wayde Yeoman (appointment announced yesterday) and shall also report to Greg Young, whose appointment was announced on 19 October 2020. Mr Wollhaf's appointment completes the expansion of Jervois's commercial team to optimise SMP's restart with third party volumes.

On behalf of Jervois Mining Limited

Bryce Crocker, CEO.

For further information, please contact:

Investors and analysts:

Bryce Crocker

Chief Executive Officer

Jervois Mining Limited

bcrocker@jervoismining.com.au

Media:

Nathan Ryan

NWR Communications

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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