Extension Drilling Confirms Grown Potential At Jervois ICO

AUSTRALIA - Jervois Global Limited reported on the first four drillholes as part of its extensional drilling program at its Idaho Cobalt Operations’ (ICO) RAM deposit in Idaho. Drilling results complement those obtained at its Sunshine deposit under Jervois funding agreement.

RAM drill results to date include: 1) Hole JU24-093: 1.10% cobalt (Co), 1.18% copper (Cu), 0.69 grams per tonne (g/t) gold (Au) over a calculated true width (CTW) of 1.8 metres and hangingwall (HW) mineralisation of 0.48% Co, 1.74% Cu, 1.13 g/t Au over a CTW of 3.8m. 2) Hole JU24-095: 0.18% Co, 0.34% Cu, 0.10 g/t Au, over a CTW of 4.8m AND HW mineralisation of 0.38% Co, 0.22% Cu, 0.27 g/t Au over a CTW of 2.7m AND footwall (FW”) mineralisation of 0.43% Co, 0.99% Cu, 0.62 g/t Au over a CTW of 1.5m. 3) Hole JU24-096: 0.48% Co, 0.60% Cu, 0.86 g/t Au over a CTW of 2.1m AND HW mineralisation of 1.40% Co, 1.38% Cu, 2.23 g/t Au over a CTW of 5.2m, including 3.3m CTW at 2.26% Co, 2.06% Cu, 3.60 g/t Au. 4) Hole JU24-097: 0.61% Co, 1.35% Cu, 1.51 g/t Au over a CTW of 5.5m including 3.9m CTW at 0.75% Co, 1.56% Cu, 1.85 g/t Au.

Results from the initial four drillholes of Jervois’ RAM extensional drilling campaign under its DoD Agreement Funding have yielded positive indication of resource extension both along strike and at depth. Drillhole JU24-097 provides especially positive indication of the potential for extension of the RAM deposit, with its significant mineralisation and width representing the deepest intersection of the MMH to date at ICO. Additionally, the development of significant HW intercepts across 2024 extensional drilling provides further strategic opportunity for cobalt resource growth.

Jervois has temporarily paused its underground drilling programme under the U.S. DoD Agreement Funding at ICO while it works with its primary regulator, the U.S. Forest Service, on recommencing underground activities.