Jervois Global Limited reports positive results from U.S. Government-funded drilling at Idaho Cobalt Operations (ICO)

Jervois Global Limited (ASX: $JRV) has reported positive results from the U.S. Department of Defense Defense Production Act Title III funded extensional drilling at its 100%-owned Idaho Cobalt Operations (ICO). The drilling has confirmed the potential for resource growth, with strong cobalt-copper-gold mineralization over mineable widths outside existing reported resource wireframes. The company's deepest targeted drilling to date at ICO has yielded encouraging results, including significant mineralization and width representing the deepest intersection of the main mineralized horizon to date at ICO.

Executive Commentary on U.S. Government-funded Drilling Results

The recent drilling results at ICO have provided positive indications of resource extension both along strike and at depth. The significant mineralization and width from the drilling program represent a promising development for the potential extension of the RAM deposit. The company is pleased with the continuity of prospective mineralization across all completed holes, which consolidates mineralization confidence across a significant area. We have temporarily paused the underground drilling program at ICO while working with the U.S. Forest Service to recommence underground activities.

Summary of U.S. Government-funded Drilling Results

Jervois Global Limited's U.S. Government-funded extensional drilling at its Idaho Cobalt Operations has yielded positive indications of resource growth potential, with strong cobalt-copper-gold mineralization over mineable widths outside existing reported resource wireframes. The company's deepest targeted drilling to date at ICO has demonstrated significant mineralization and width, providing a promising outlook for the potential extension of the RAM deposit. Jervois has successfully completed 2,500m of targeted resource expansion drilling across both its RAM and Sunshine deposits under the U.S. Department of Defense Defense Production Act Title III funding, as well as more than 350m of underground mine development in support of the extensional drilling. The company anticipates further resource extension at depth and is committed to future drilling to test the potential upside.