Jervois orders Metso Outotec SAG mill for Idaho Cobalt Operations

(TheNewswire)



Highlights

  • - Jervois appoints Metso Outotec to manufacture SAG Mill for its Idaho Cobalt Operations ("ICO"), United States, following its award of engineering contracts for the project

    - Jervois has approved US$4.7 million expenditure to end March 2021 to support engineering and order of long lead items for ICO

    - Jervois is scheduling delivery of all ICO long lead items to site by Q4 2021 to meet planned construction and commissioning timelines

    - ICO remains on schedule for initial concentrate production from mid 2022

TheNewswire – January 19 th , 2021 - Jervois Mining Limited ("Jervois" or the "Company") (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) advises it has appointed Metso Outotec to undertake engineering and fabrication of a SAG mill for its Idaho Cobalt Operations (" ICO ") in Idaho, United States, which remains on track for first product from mid 2022.

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, and metals refining industries globally.

Jervois awarded a contract for the design, fabrication and delivery of a 4.7-metre diameter and 2.5m-long 750kW SAG (semi-autogenous grinding) mill.  The mill design will comfortably accommodate the nameplate 1,200 short tons of ore per day (" stpd ") Jervois applied in its recent ICO Bankable Feasibility Study (" BFS ") (refer to ASX announcement on 29 September 2020).

The mill will be delivered to site prior to end of 2021.  As part of the order, Metso Outotec will provide mill layout drawings to Jervois's appointed engineering firm at ICO, M3 Engineering, so final site layout for upcoming site construction reactivation can be detailed and awarded in Q2 2021.

Jervois is working through a detailed design phase of ICO and will continue to award long lead item packages in the coming weeks to schedule delivery to site of all major equipment by Q4 2021. This will enable it to meet construction schedule requirements and targeted commercial commissioning of mid 2022.

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) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)
The cobalt periodic symbol with a rainbow in the background.

Top 5 Canadian Cobalt Stocks of 2025

Cobalt prices regained momentum in the third quarter of 2025 as tighter export controls from the Democratic Republic of Congo (DRC) fueled expectations of a market rebound. After languishing near multi-year lows early in the year, the metal surged to US$47,110 per metric ton in late October, its... Keep Reading...
Cobalt symbol over glowing light pattern.

Top 3 ASX Cobalt Stocks of 2025

Cobalt is used in a wide variety of industrial applications, with lithium-ion batteries for electric vehicles (EVs) and energy storage systems as the largest demand segment. As an important battery metal, cobalt's fate is tied to demand for EVs. The EV market may be facing headwinds now, but the... Keep Reading...
Hexagonal icons and text saying "cobalt" on a dark digital background.

Cobalt Market Update: Q3 2025 in Review

Tight export controls out of the Democratic Republic of Congo (DRC) added tailwinds to cobalt prices in Q3, prompting market watchers to anticipate a shift from oversupply to balance in the coming months. After starting the year at lows unseen since 2016 (US$21,502 per metric ton), cobalt began... Keep Reading...
Embroidered US presidential seal with an eagle on a blue carpet.

US Cancels US$500 Million Cobalt Tender in Setback for Critical Minerals Strategy

The US Department of Defense has canceled its long-awaited plan to buy up to US$500 million worth of cobalt, a mineral vital to electric vehicles, jet engines and advanced weapons systems.The Defense Logistics Agency (DLA) confirmed the cancellation in a notice published Wednesday (October 15),... Keep Reading...
Fortune Minerals President and CEO Robin Goad.

Fortune Minerals Advancing NICO Project to Mine Construction Decision in 2026

Fortune Minerals (TSX:FT,OTCQB:FTMDF) is advancing its NICO cobalt-gold-bismuth-copper-critical minerals project in Canada toward a project construction decision by late 2026. Robin Goad, president and CEO, shared how government funding has been essential to advancing the NICO project.Fortune... Keep Reading...
Aerial view of a cargo ship with colorful containers in vibrant blue ocean.

DRC to End Cobalt Export Ban, Move to Quota System

The Democratic Republic of Congo (DRC) announced it will lift its eight month cobalt export ban on October 16, replacing it with annual quotas designed to stabilize global supply and prices.Bloomberg reported that the country's Authority for the Regulation and Control of Strategic Mineral... Keep Reading...

Latest Press Releases

Related News