Jervois advances construction of Idaho cobalt operations, says commissioning will be weather dependent
(Kitco News) - Jervois Global (TSX-V: JRV) today announced that detailed engineering and procurement at the company's 100%-owned Idaho cobalt operations ("ICO"), in Idaho, United States are substantially advanced with commitments for approximately 75% of all equipment and material required for construction.
Jervois said it has committed more than US$36.0 million of the Board approved capital budget of US$92.6 million towards equipment, materials and labour costs both onsite and for detailed engineering.
Importantly, the company added that mine development has advanced to over 136 feet on the west portal and 100 feet on the east portal, which is a critical progress required to establish underground mining infrastructure.
Additionally, the company said it has ordered all long lead items for the process plant, which are expected to begin arriving onsite from December. Mining camp units are anticipated to arrive late December upon receipt of necessary permits, with kitchen and supporting units expected to arrive on site in February 2022.
However, Jervois noted that the date of commissioning in the second half of 2022 is expected to be increasingly influenced by weather conditions of the current winter construction season.
"Once complete, ICO will be the only mine supply of cobalt in the United States, a
critical mineral necessary for industry, defense, electric vehicles and energy generation and distribution in a carbon constrained economy," the company said in a statement.