Jervois acquired the partially complete Idaho Cobalt Operations (“ICO”) near Salmon, Idaho in 2019. Having finalised construction of ICO, Jervois will commence commissioning in H2 CY2022, with full rate ore processing forecast by early 2023.
Once in production, ICO will be the only primary cobalt mine in the United States and will supply a critical metal necessary for electric vehicles, energy generation and distribution, defense and other industries and plays a key role in the transition to the low carbon economy.
Jervois has commenced infill and expansion drilling at ICO from both surface and underground platforms to improve ICO’s resource model to be used for short and medium-term mining operations. The RAM deposit at ICO remains open at depth and along strike, and Jervois is confident of strong potential of both resource and reserve expansion.
In addition, planning is underway in relation to Jervois’ neighbouring Sunshine deposit and historical mineral resource where it is preparing for 2023 summer drilling. The historical Sunshine cobalt resource is located a short traverse to the ICO mill and concentrator.
ICO is a key asset in delivering Jervois’ strategy to become a leading independent cobalt and nickel company providing metals and minerals for the world’s energy transition through a western supply chain.