From the annual report. This has a lot of legs imo. Cobalt, high...

From the annual report. This has a lot of legs imo.
Cobalt, high grade, from surface.... open pit mining folks. This will fly.


EL 5527 AND 5571 NICO YOUNG COBALT NICKEL PROJECT, NEAR YOUNG, NSW
The Young Nickle Cobalt Project consists of two exploration licences; EL’s 5571 ‘Thuddungra’ and 5527 Young (Ardnaree). The tenements are approximately 25km north east of Young, NSW.
Jervois Mining is the sole holder of the licenses over the Nico Young deposit in NSW.
In July 2017 an 8 hole, air core, infill drilling program (for 424m) was undertaken to the south and west of the main Ardnaree resource. Assays from one hole in particular, Ya 441, confirmed the continuation of the linear trend of the cobalt and nickel resource in the area.
Young is ideally located geographically due to its proximity to the Cooper Basin gas line, rail and major highways.
The combined licenses contain inferred resources of 82 million tonnes at 0.79 per cent nickel (0.6% cut off) and 0.06 per cent cobalt (based on the 2012 Resource Calculation). Geo Stat Services has been retained to update the resource estimate to include the recent drilling results. The new calculation will be announced to Shareholders when it becomes available.
The mineralized ore-body contain areas of cobalt and nickel grades which are significantly higher than the inferred average. Metallurgical work has commenced to establish if these can be beneficiated using a two-step process.
The Young deposit is a typically in-laterite lithology and extends along a 15km NNE-SSW strike. It consists of two major sectors of ore-bodies and contains horizons of high grade cobalt. Cobalt is one of major ingredients of lithium-ion batteries which are extensively used to power smartphones (5 to 10 g), laptops (approximately 500 g) and electrical cars (5 to 10 kg). Smaller quantities of cobalt are used in making nickel-cadmium and nickel metal hydride batteries.
Depending on the cut-off applied, >75% of the contained Cobalt is hosted in the northern ore-body. However, the southern section of the resource is exposed at or near surface and is therefore the focus of our current metallurgical investigations. The mining and metallurgical assessment of this resource is part of a long-term capitalisation plan. The aim of current metallurgy is working towards the development of smaller sections of the southern ore-body to maximise near-term, low-risk value creation. This will include selecting an acid leach process to enable better overall cobalt and nickel recovery.
Jervois Mining anticipates reporting metallurgical progress on the Nico Young prior to year end.