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Company News
Gold, rare earth capital raises dominate September quarter, exploration spend hits new record
Capital raisings by Australian exploration companies totalled $1.29 billion in the three months to 30 September, with gold stocks taking more than a quarter of that sum, followed by rare earths and oil and gas hopefuls. Financial services firm BDO Australia also reported that exploration spending came to $1.07 billion, the highest amount recorded since […]
Jervois Mining directors invest $2.2m in recent capital raise
Three of Jervois Mining’s (ASX: JRV) directors have put their own cash behind the company – scooping up a combined 11.1 million shares worth $2.2 million under the recent capital raising. The company revealed at the end of June it had secured $16.5 million in an oversubscribed equity raising – up from the initial $15 […]
‘Twiggy’ Forrest returns to take Fortescue reins, Woolworths buys majority stake in MyDeal and rain hits Boral profits
Fortescue Metals Group (ASX: FMG) has announced its founder Dr Andrew “Twiggy” Forrest will step in as interim boss when outgoing chief executive officer Elizabeth Gaines concludes her tenure in August. The change comes as the mining giant attempts a mass shake-up of its leadership team. As executive chairman, the mining billionaire will once again […]
Jervois Mining reports more gold, copper intercepts in Uganda
Jervois Mining (ASX:JRV) has reported that final assay results from the latest drilling program at its historic Kilembe mine in Uganda continue to expand prospective areas and understanding of the property. Jervois acquired Kilembe in mid-2019 after a merger with Toronto-listed M2 Cobalt. It is on the hunt for VMS-style copper-cobalt mineralisation of the type that […]
Jervois Mining appoints RPMGlobal to assist with financing Idaho Cobalt Operations
Advanced cobalt explorer Jervois Mining (ASX: JRV) has appointed the US arm of RPMGlobal (ASX: RUL) to act as an independent engineer for the financing of its Idaho Cobalt Operations. Headquartered in Australia, RPMGlobal has a 50-year track record of acting as an independent engineer for financiers on mining projects globally, including base and precious […]
Jervois Mining boosts Idaho Cobalt Operations resource, uncovers gold and copper in Uganda
Advanced cobalt explorer Jervois Mining (ASX: JRV) has boosted the measured resource at its US-based Idaho Cobalt Operations by 22%, while revealing high-grade gold and copper assays from its recent drilling campaign at its Ugandan Kilembe asset. At a 0.15% cobalt cut-off, measured resources for the Idaho project now total 2.92 million tonnes at 0.45% […]
Drilling at Jervois Mining’s advanced Idaho cobalt operation generates up to 2.83% cobalt
Jervois Mining (ASX: JRV) has revealed positive drilling results from the aggressive exploration campaign underway at its Idaho cobalt operations in the US, with drilling unearthing up to 2.83% cobalt in the main resource. Since acquiring the asset in July, Jervois has been undertaking an “aggressive” drilling program to de-risk and optimise the bankable feasibility […]
Jervois Mining boosts cash reserves via Bullabulling gold royalty sale, uncovers new copper-cobalt mineralisation at Idaho project
Advanced cobalt play Jervois Mining (ASX: JRV) has boosted its cash reserves by selling its Bullabulling gold royalty for $3.1 million, as exploration at its Idaho Cobalt Operations in the US heats up with the company intercepting new copper and cobalt mineralisation. The results are reported to confirm Jervois’ exploration model and demonstrate the potential […]
Jervois Mining commences feasibility study drilling program for Idaho cobalt operation
Australian exploration company Jervois Mining (ASX:JRV) has kicked off an initial 2,000 metre diamond core drilling program at its Idaho Cobalt Operations (ICO) in the US to supply metallurgical samples for testwork to support the project’s updated feasibility study. Drilling will target the main lens of the Ram deposit for samples and test the existence […]
Jervois Mining, eCobalt tie-up to go through this week after shareholders approve merger
After First Cobalt Corp’s recent attempts to thwart the merger between Jervois Mining (ASX: JRV) and TSX-listed eCobalt, Jervois announced this morning that shareholders of both companies had approved the tie-up, which is now expected to be completed this week. On Friday, 72.54% of eCobalt’s shareholders approved the merger, with Jervois holders giving the transaction […]
