Battery Metals

(TheNewswire)



Highlights:

  • - Former Rio Tinto General Manager Matthew Lengerich will join Jervois as EGM Mining, based in Idaho, United States

    - Mr Lengerich will also fulfil the role of Acting GM – Idaho Cobalt Operations through ICO's construction and expected completion of commissioning in H2 2022

    - Mr Lengerich will join Jervois after more than 20 years at Rio Tinto across copper, iron ore, bauxite (aluminum) and coal

    - Prior to guiding Rio Tinto's drive into mining technological development, Mr Lengerich was GM at Bingham Canyon Mine, Utah, one of Rio's largest global copper operations, and GM of Rio Tinto Iron Ore's integrated operations centre in Perth, Australia

    - Jervois' ICO expects to commence commercial cobalt and copper production in mid-2022 when it will be the only cobalt mine in production in the United States

TheNewswire - 12 July 2021 - Jervois Mining Limited (" Jervois " or the " Company ") (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) is pleased to announce experienced mining executive Matthew Lengerich will be joining as Executive General Manager (" EGM ") – Mining.

Mr Lengerich joins Jervois from global miner Rio Tinto, where he has spent more than 20 years in a range of roles, with his last position as General Manager – Digital Transformation, based in Salt Lake City, Utah.  Over the past four years, Mr Lengerich has been a key leader of Rio Tinto's efforts to advance its capacity in artificial intelligence, data analytics and mine productivity across its global operating sites.

Prior to these specialised mining technology roles, as General Manager of Rio Tinto Iron Ore's integrated operations centre in Perth, Australia, Mr Lengerich had responsibility for 450 staff in central control, executing dynamic scheduling and maintaining the production systems associated with the delivery of 320Mtpa of iron ore from Western Australia.  This product was sourced from 15 mines, and transported through 1,700km of rail network and four independent ports, by the remote operating team.

Earlier, Mr Lengerich was General Manager of the Bingham Canyon Mine near Salt Lake City, a major Rio Tinto mine moving 260Mtpa of material to produce 300,000tpa copper.  Mr Lengerich led the site team of 1,100 employees.  Bingham Canyon remains a world-class operation with industry leading geotechnical engineering, safety and asset performance, and life of mine planning.  Prior to the General Manager role, Mr Lengerich was Bingham Canyon's Mine Manager for two years.

Mr Lengerich will be responsible for all of Jervois's mining activities globally, and will remain based in the United States.  In addition to EGM Mining, he will also fulfil the role of Acting GM – Idaho Cobalt Operations (" ICO "), until the mine is constructed and commissioned, expected in the second half of 2022.

Jervois is excited to welcome an operating executive of Mr Lengerich's calibre at this important time in the Company's transition from developer to operator.

Mr Lengerich received a BSc in Mining and Mineral Engineering from the Colorado School of Mines and remains a Director on its Industry Advisory Board.

On behalf of Jervois Mining Limited

Bryce Crocker, CEO

For further information, please contact:

Investors and analysts:

James May

Chief Financial Officer

Jervois

jmay@jervoismining.com.au

Media:

Nathan Ryan

NWR Communications

nathan.ryan@nwrcommunications.com.au

Mob: +61 420 582 887

Forward-Looking Statements

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule", "expected" and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to timing of commissioning and production at ICO, and certain other factors or information. Such statements represent Jervois' current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Jervois, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Jervois does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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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