Jervois Mining Quarterly Activities Report to 31 March 2020

HIGHLIGHTS

  • Workstreams of ICO Bankable Feasibility Study ("BFS") in final stages; public release delayed due to Covid-19 outbreak
  • Jervois received indicative financing proposals for ICO from selected lenders invited to tender; BFS economic outcomes will be provided to potential lender(s) shortly, with revised term sheets to finalise appointment
  • RPM appointed as Independent Engineer to act on behalf of lender(s) for ICO debt financing, diligence well underway - site visit delayed due to Covid-19
  • Jervois has also paused ICO remobilization, pre-construction and field exploration plans in light of Covid-19
  • Jess Birtcher appointed Finance Manager for ICO
  • Final results from 2019-20 drilling in Uganda continue to expand prospective areas - Ugandan exploration paused due to Covid-19
  • Post Covid-19, Jervois restructures operational footprint, Director and Management fees
  • Jervois' strong cash position will allow it to finalise ICO BFS and maintain operational footprint for in excess of 12 months

  • A$7.9 million cash as at 31 March 2020

Melbourne, Australia--(Newsfile Corp. - April 13, 2020) - Jervois Mining Limited (ASX: JRV) (TSXV: JRV) (OTCQB: JRVMF) (FSE: IHS) (the "Company" or "Jervois") is pleased to report quarterly activities to March 31, 2020.

CORPORATE UPDATE

Liquidity

Jervois ended the March 2020 quarter with A$7.9 million in cash and no debt. As announced on 17 March 2020, the Company has sufficient liquidity to fund its current operational footprint for more than 12 months. Jervois will release its Australian Securities Exchange ("ASX") Appendix 5B cashflow statement in conjunction with its North American TSX-V quarterly financials later in April.

Fee Restructure

In light of the global Covid-19 pandemic, Jervois focused on aggressively reducing all cash expenditure not related to advancing the project financing of its United States based Idaho Cobalt Operations ("ICO"). As part of the organisational review in response to Covid-19, Jervois' Non-Executive Directors will waive their fees for six months from 1 April 2020 to 30 September 2020. Executive management has been restructured with salary reductions ranging between 30 and 75 percent.

Jervois has both a Long-Term Incentive Plan ("LTIP") and Short-Term Incentive Plan ("STIP") in place to reward and retain key Directors and management.

Jervois has transformed over the past year, with the company completing both the M2 Cobalt Corp and eCobalt Solutions Inc transactions, pivoting and repositioning its portfolio at a time when competitors were vulnerable. In order to reward employee performance and enhance retention of its Board and management as it brings ICO into production, Jervois's 2019 STIP option allocation was applied effective 1 April 2020.

In recognition of 2019 performance, an expansion of its United States team to support project financing at ICO and the significant reduction in salaries, Jervois awarded 10,438,200 LTIP and STIP options to Executive Management and 2,435,000 STIP options to Non-Executive Directors of the Company, pursuant to the Company's Stock Option Plan approved at the 2019 AGM. Mr Brian Kennedy's Director option allocation also included compensation for his role on the Technical Sub-Committee of the Board. Chief Executive Officer, Mr Bryce Crocker, didn't receive either option allocation.

All options will only vest and become potentially exercisable if the individual concerned remains an employee or Director at three years from grant - or 1 April 2023. Subject to satisfaction of the vesting condition on 1 April 2023, options are exercisable at A$0.15 each (5-day trailing VWAP at award) and will expire on 31 March 2028.

Jervois strongly believes the quality and depth of its Board and management team are critical to finance, construct and transition ICO into operations. Retaining this team is imperative to its success and future shareholder wealth creation.

Grant of options to Directors is subject to Jervois shareholder approval. Jervois will seek this at the Company's 2020 AGM.

ICO Finance Manager Appointment

In March, Jervois announced the appointment of Mr Jess Birtcher as ICO Finance Manager, based in Salmon, Idaho. Mr Birtcher is an experienced resources executive and joins Jervois from Coeur Mining ("Coeur") (NYSE: CDE), which operates five precious metal mines in North America and is listed on the New York Stock Exchange. At Coeur, Mr Birtcher held the roles of Vice President - Internal Audit (from 2017), and Vice President - Corporate Controller (from 2013). Prior to Coeur, Mr Birtcher spent seven years as Finance Director in Rio Tinto's North American business unit and was a senior manager with Ernst & Young for 10 years.

Investor Relations

In January, Jervois Chief Executive Officer Mr Bryce Crocker presented at the TD Securities Mining Conference in Toronto, Canada.

In February Jervois' EGM Corporate Affairs Mr Simon Clarke presented at the 121 Mining Investment conference in Cape Town, South Africa. He attended the conference and hosted 1-1 meetings with institutional investors alongside Idaho Cobalt Operations Project Director Mr Russell Bradford.

Mr Crocker presented again at the BMO 29th Global Metals & Mining Conference in Hollywood, Florida, USA in February.

Separately, Jervois was also invited to present at PDAC 2020 in Toronto on 2 March 2020. Mr Clarke presented to the Energy Materials and Specialty Products session.

PROJECT UPDATES

Idaho Cobalt Operations ("ICO"), United States

ICO BFS work streams are largely complete. Jervois updated the geological model and Mineral Resource Estimate ("MRE") with data from 2019 drilling, which was audited by CSA Global prior to its public release in January 2020. In the limited period since Jervois took ownership of ICO in July 2019 up to when it demobilised drills due to November snow, it has undertaken over 20 percent more drilling on the main RAM deposit than prior owners undertook in just under 25 years. Both Measured, and Measured + Indicated, categories of MRE increased over 20 percent from prior estimates, with a focus on de-risking ore production in early years of operations, whilst a senior debt facility is envisaged to be outstanding.

The mine schedule was completed, and a tender for contract mining services undertaken to underpin BFS costing. Metallurgical test work including lock cycle work has been completed on representative samples of the ore body and the final reports are being prepared.

Jervois has designed a process plant, developed a 3D model of the operation, and received equipment pricing. Infrastructure and logistics requirements for the project have been assessed and any additional requirements to the well-established site have been costed and incorporated into the BFS. Jervois is optimising and reviewing capital and operating costs, which are in an financial model which shall be released to potential lenders shortly.

Jervois engaged engineering contractor Wood to conduct an independent audit of the permitting status ahead of project financing. Separate to the BFS to produce separate cobalt and copper concentrates, Wood is also advancing a scoping study to understand requirements to economically refine cobalt concentrate within the United States. This study will be finalised alongside the BFS.

Jervois is reviewing its project execution plan and schedule in light of Covid-19 and associated travel and equipment transportation restrictions. Care and maintenance status is already implemented at ICO, so no further immediate actions are required at site as a result of Covid-19. Certain ICO site activities are required during the Northern Hemisphere's 2020 summer for Jervois to maintain its planned Q4 2021 first production date. Jervois is reviewing its plans for these activities in light of Covid-19 and is yet to enter any commitments.

ICO off-take negotiations have been impacted by Covid-19, particularly in Japan and South Korea where travel has been restricted to date in 2020. Jervois continues to prepare and dispatch physical concentrate samples to additional markets and is engaging with customers remotely.

Jervois has decided to delay the public release of the BFS, to take account of the Covid-19 implications for implementation of the project.

In relation to financing, an Information Memoranda was sent to selected senior lenders in December 2019, with Jervois receiving indicative financing proposals the following month. In March, Jervois appointed RPM to act as independent engineer ("IE") for prospective lenders.

RPM has a well-established (50-year) track record of acting as IE for financiers on mining projects globally, including significant base and precious metal experience in North America. The scope of work includes RPM completing an independent due diligence review of ICO and preparing an Independent Technical Expert ("ITE") report in a form suitable for debt financiers of the project. RPM is reviewing the final drafts of the BFS workstreams. RPM's site visit has been delayed due to an inability to safely travel to Idaho.

Despite the significant uncertainty and market volatility created by the Covid-19 pandemic, Jervois remains confident that progressing its debt financing process is the sensible way forward, with the aim of being construction ready for when conditions allow project implementation to proceed. None of the selected shortlisted lenders invited to submit term sheets have indicated Covid-19 prevents them from writing new loans. Covid-19 has vividly demonstrated why United States industry and its supply chains require secure access to physical cobalt without reliance on the Democratic Republic of Congo or China. Restarting construction at ICO will create Idaho employment and demand for United States manufactured capital goods, at a critical period to support post Covid-19 economic recovery.

Ugandan Exploration Properties

In March, Jervois reported final results from 2019-20 drill programmes at its Kilembe and Bujagali area properties in western and central Uganda.

Kilembe Area Properties, Western Uganda

Drilling at the Kilembe Area Properties represented 1,905 metres of diamond drilling across 17 holes in 2019, and another four holes in 2020, representing an additional 465 metres. Fourteen (14) drill hole results were previously reported in January 2020 (ASX announcement 22/01/2020: Jervois Mining 2019 Drill Programme, Uganda)1, with final drill assays from the remaining holes received and reported in March (ASX announcement 20/03/2020: Exploration Results, Uganda)1. Programme highlights included:

  • 9.9m @ 1.37 grams per tonne gold ("g/t Au") from 29m - hole 19DDHS001
    • Including 0.45m @ 9.98 g/t Au; 0.1 percent copper ("% Cu") from 34.05m
    • Including 1.9m @ 3.59 g/t Au from 37.0m
  • 6.1m @ 2.10 g/t Au; 0.24% Cu from 101.3m - hole 20DDHS002
    • Including 1.00m @ 11.50 g/t Au; 1.36% Cu from 102.2m
  • 1.0m @ 5.21 g/t Au; 0.73% Cu from 39.3m - hole 19DDHS015
  • 8.0m @ 1.26 g/t Au; 0.15% Cu from 64.0m - hole 20DDHS001
  • 6.0m @ 1.90 g/t Au; 0.43% Cu from 70.0m - hole 20DDHS002
    • Including 3.1m @ 2.72 g/t Au; 0.63% Cu from 70.9m.

Groundwork at the Kilembe Area Properties, including ground geophysics, soil and rock chip sampling, and prospecting have extended the strike length of mineralisation at surface to more than 6.0km, of which only 1.5km has yet been tested. Newly discovered rock chip samples included 43.5 g/t Au, 10.1 g/t Au and 9.5 g/t Au.

These results continue to expand the prospective areas and improve understanding of mineralization at Ugandan properties and are being used to prepare future field plans.

Bujagali Properties

Drilling at Bujagali targeted the Waragi anomalies detected through earlier geochemical and geophysical programmes, which includes a large (>20km) Cu-Co anomaly. Jervois received all results from its drilling with the final results reported in March. Overall, although target mineralization at Bujagali was intercepted, it was not with the consistency of width nor grade necessary to support a potentially economic resource.

Nico Young Nickel-Cobalt Project, New South Wales, Australia

Jervois continues to engage potential customers and strategic partners for Nico Young, primarily focused around the award of partial off-take in exchange for funding to complete further drilling and a BFS. As with ICO, these discussions have been impacted by travel restrictions arising from Covid-19.

Kabanga Application, Tanzania

In response to a pre-qualification tender announced by Government of Tanzania, as advised in its December quarterly filed in January, during the quarter Jervois submitted a revised offer for the Kabanga nickel-cobalt deposit. Prior to Covid-19 affecting travel, Jervois's executives held a number of meetings with the Government of Tanzania to discuss the offer.

NON-CORE ASSETS

Jervois's non-core assets are summarized on the Company's website. Sale negotiations to rationalize the Company's portfolio continued.

ASX WAIVER INFORMATION

On 6 June 2019, the ASX granted a waiver to Jervois in respect of extending the period to 8 November 2023 in which it may issue new Jervois shares to the eCobalt option holders as part of the eCobalt transaction.

As at 31 March 2020, the following Jervois shares were issued in the quarter on exercise of eCobalt options and the following eCobalt options remain outstanding:

Jervois shares issued in the quarter on exercise of eCobalt options: Nil

eCobalt options remaining*

2,205,225   eCobalt options exercisable until 27 April 2020 at C$0.12 each
2,714,250   eCobalt options exercisable until 6 September 2021 at C$0.36 each
3,654,750   eCobalt options exercisable until 28 June 2022 at C$0.71 each
288,750   eCobalt options exercisable until 5 October 2022 at C$0.70 each
231,000   eCobalt options exercisable until 11 January 2023 at C$1.16 each
165,000   eCobalt options exercisable until 12 March 2023 at C$0.85 each
206,250   eCobalt options exercisable until 6 April 2023 at C$0.84 each
4,191,000   eCobalt options exercisable until 28 June 2023 at C$0.61 each
123,750   eCobalt options exercisable until 24 September 2023 at C$0.50 each
1,980,000   eCobalt options exercisable until 1 October 2023 at C$0.53 each
15,759,975    

 

* The number of options represent the number of Jervois shares that will be issued on exercise. The exercise price represents the price to be paid for the Jervois shares when issued.

By Order of the Board
Bryce Crocker
Chief Executive Officer

For further information, please contact:

Investors and analysts:
Simon Clarke
EGM Corporate Affairs
Jervois Mining
Phone: +1 604 551 9665

Media:
Nathan Ryan
NWR Communications
Phone: +61 420 582 887

Competent Person's Statement

The information in this release that relates to Mineral Exploration is based on information compiled by David Selfe who is full time employee of the company and a Fellow of the Australasian Institute of Mining and Metallurgy and Dean Besserer, P.Geol. who is the GM Exploration for the Company and a member of The Association of Professional Engineers and Geoscientists of Alberta. Both David Selfe and Dean Besserer have sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. David Selfe and Dean Besserer consent to the inclusion in the release of the matters based on their information in the form and context in which it appears.

Disclosure required for TSX-V Regulations

Qualified Person's Statement

The technical content of this news release has been reviewed and approved by Dean Besserer, P.Geol., who is the GM Exploration for the Company and a Qualified Person as defined by National Instrument 43-101

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to exploration work to be undertaken at ICO or in Uganda, preparation of studies on the ICO, the reliability of third party information, and certain other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Tenements

Australian Tenements

Description Tenement number Interest owned %
Ardnaree (NSW) EL 5527 100.0
Thuddungra (NSW) EL 5571 100.0
Nico Young (NSW) EL 8698 100.0
Area 1 (NSW) EL 8474 100.0
West Arunta (WA) E80 4820 49.0
West Arunta (WA) E80 4986 49.0
West Arunta (WA) E80 4987 49.0
Old Khartoum (QLD) EPM 14797 100.0
Khartoum (QLD) EPM 19112 100.0
Three Mile Creek (QLD) EPM 19113 100.0
Carbonate Creek (QLD) EPM 19114 100.0
Mt Fairyland (QLD) EPM 19203 100.0

 

Uganda Exploration Licences

Description Exploration Licence number Interest owned %
Bujagali EL1666 100.0
Bujagali EL1682 100.0
Bujagali EL1683 100.0
Bujagali EL1665 100.0
Bujagali EL1827 100.0
Kilembe Area EL1673 100.0
Kilembe Area EL1674 100.0
Kilembe Area EL1735 100.0
Kilembe Area EL1736 100.0
Kilembe Area EL1737 100.0
Kilembe Area EL0012 100.0

 

Idaho Cobalt Operations - 100% Interest owned
Claim Name County # IMC #
SUN 1 222991 174156
SUN 2 222992 174157
SUN 3 Amended 245690 174158
SUN 4 222994 174159
SUN 5 222995 174160
SUN 6 222996 174161
SUN 7 224162 174628
SUN 8 224163 174629
SUN 9 224164 174630
SUN 16 Amended 245691 177247
SUN 18 Amended 245692 177249
Sun 19 277457 196394
SUN FRAC 1 228059 176755
SUN FRAC 2 228060 176756
TOGO 1 228049 176769
TOGO 2 228050 176770
TOGO 3 228051 176771
DEWEY FRAC Amended 248739 177253
Powder 1 269506 190491
Powder 2 269505 190492
LDC-1 224140 174579
LDC-2 224141 174580
LDC-3 224142 174581
LDC-5 224144 174583
LDC-6 224145 174584
LDC-7 224146 174585
LDC-8 224147 174586
LDC-9 224148 174587
LDC-10 224149 174588
LDC-11 224150 174589
LDC-12 224151 174590
LDC-13 Amended 248718 174591
LDC-14 Amended 248719 174592
LDC-16 224155 174594
LDC-18 224157 174596
LDC-20 224159 174598
LDC-22 224161 174600
LDC FRAC 1 Amended 248720 175880
LDC FRAC 2 Amended 248721 175881
LDC FRAC 3 Amended 248722 175882
LDC FRAC 4 Amended 248723 175883
LDC FRAC 5 Amended 248724 175884
RAM 1 228501 176757
RAM 2 228502 176758
RAM 3 228503 176759
RAM 4 228504 176760
RAM 5 228505 176761
RAM 6 228506 176762
RAM 7 228507 176763
RAM 8 228508 176764
RAM 9 228509 176765
RAM 10 228510 176766
RAM 11 228511 176767
RAM 12 228512 176768
RAM 13 Amended 245700 181276
RAM 14 Amended 245699 181277
RAM 15 Amended 245698 181278
RAM 16 Amended 245697 181279
Ram Frac 1 Amended 245696 178081
Ram Frac 2 Amended 245695 178082
Ram Frac 3 Amended 245694 178083
Ram Frac 4 Amended 245693 178084
HZ 1 224173 174639
HZ 2 224174 174640
HZ 3 224175 174641
HZ 4 224176 174642
HZ 5 224413 174643
HZ 6 224414 174644
HZ 7 224415 174645
HZ 8 224416 174646
HZ 9 224417 174647
HZ 10 224418 174648
HZ 11 224419 174649
HZ 12 224420 174650
HZ 13 224421 174651
HZ 14 224422 174652
HZ 15 231338 178085
HZ 16 231339 178086
HZ 18 231340 178087
HZ 19 224427 174657
Z 20 224428 174658
HZ 21 224193 174659
HZ 22 224194 174660
HZ 23 224195 174661
HZ 24 224196 174662
HZ 25 224197 174663
HZ 26 224198 174664
HZ 27 224199 174665
HZ 28 224200 174666
HZ 29 224201 174667
HZ 30 224202 174668
HZ 31 224203 174669
HZ 32 224204 174670
HZ FRAC 228967 177254
JC 1 224165 174631
JC 2 224166 174632
JC 3 224167 174633
JC 4 224168 174634
JC 5 Amended 245689 174635
JC 6 224170 174636
JC FR 7 224171 174637
JC FR 8 224172 174638
JC 9 228054 176750
JC 10 228055 176751
JC 11 228056 176752
JC-12 228057 176753
JC-13 228058 176754
JC 14 228971 177250
JC 15 228970 177251
JC 16 228969 177252
JC 17 259006 187091
JC 18 259007 187092
JC 19 259008 187093
JC 20 259009 187094
JC 21 259010 187095
JC 22 259011 187096
CHELAN NO. 1 Amended 248345 175861
GOOSE 2 Amended 259554 175863
GOOSE 3 227285 175864
GOOSE 4 Amended 259553 175865
GOOSE 6 227282 175867
GOOSE 7 Amended 259552 175868
GOOSE 8 Amended 259551 175869
GOOSE 10 Amended 259550 175871
GOOSE 11 Amended 259549 175872
GOOSE 12 Amended 259548 175873
GOOSE 13 228028 176729
GOOSE 14 Amended 259547 176730
GOOSE 15 228030 176731
GOOSE 16 228031 176732
GOOSE 17 228032 176733
GOOSE 18 Amended 259546 176734
GOOSE 19 Amended 259545 176735
GOOSE 20 228035 176736
GOOSE 21 228036 176737
GOOSE 22 228037 176738
GOOSE 23 228038 176739
GOOSE 24 228039 176740
GOOSE 25 228040 176741
SOUTH ID 1 Amended 248725 175874
SOUTH ID 2 Amended 248726 175875
SOUTH ID 3 Amended 248727 175876
SOUTH ID 4 Amended 248717 175877
SOUTH ID 5 Amended 248715 176743
SOUTH ID 6 Amended 248716 176744
South ID 7 306433 218216
South ID 8 306434 218217
South ID 9 306435 218218
South ID 10 306436 218219
South ID 11 306437 218220
South ID 12 306438 218221
South ID 13 306439 218222
South ID 14 306440 218223
OMS-1 307477 218904
Chip 1 248956 184883
Chip 2 248957 184884
Chip 3 Amended 277465 196402
Chip 4 Amended 277466 196403
Chip 5 Amended 277467 196404
Chip 6 Amended 277468 196405
Chip 7 Amended 277469 196406
Chip 8 Amended 277470 196407
Chip 9 Amended 277471 196408
Chip 10 Amended 277472 196409
Chip 11 Amended 277473 196410
Chip 12 Amended 277474 196411
Chip 13 Amended 277475 196412
Chip 14 Amended 277476 196413
Chip 15 Amended 277477 196414
Chip 16 Amended 277478 196415
Chip 17 Amended 277479 196416
Chip 18 Amended 277480 196417
Sun 20 306042 218133
Sun 21 306043 218134
Sun 22 306044 218135
Sun 23 306045 218136
Sun 24 306046 218137
Sun 25 306047 218138
Sun 26 306048 218139
Sun 27 306049 218140
Sun 28 306050 218141
Sun 29 306051 218142
Sun 30 306052 218143
Sun 31 306053 218144
Sun 32 306054 218145
Sun 33 306055 218146
Sun 34 306056 218147
Sun 35 306057 218148
Sun 36 306058 218149
Chip 21 Fraction 306059 218113
Chip 22 Fraction 306060 218114
Chip 23 306025 218115
Chip 24 306026 218116
Chip 25 306027 218117
Chip 26 306028 218118
Chip 27 306029 218119
Chip 28 306030 218120
Chip 29 306031 218121
Chip 30 306032 218122
Chip 31 306033 218123
Chip 32 306034 218124
Chip 33 306035 218125
Chip 34 306036 218126
Chip 35 306037 218127
Chip 36 306038 218128
Chip 37 306039 218129
Chip 38 306040 218130
Chip 39 306041 218131
Chip 40 307491 218895
DRC NW 1 307492 218847
DRC NW 2 307493 218848
DRC NW 3 307494 218849
DRC NW 4 307495 218850
DRC NW 5 307496 218851
DRC NW 6 307497 218852
DRC NW 7 307498 218853
DRC NW 8 307499 218854
DRC NW 9 307500 218855
DRC NW 10 307501 218856
DRC NW 11 307502 218857
DRC NW 12 307503 218858
DRC NW 13 307504 218859
DRC NW 14 307505 218860
DRC NW 15 307506 218861
DRC NW 16 307507 218862
DRC NW 17 307508 218863
DRC NW 18 307509 218864
DRC NW 19 307510 218865
DRC NW 20 307511 218866
DRC NW 21 307512 218867
DRC NW 22 307513 218868
DRC NW 23 307514 218869
DRC NW 24 307515 218870
DRC NW 25 307516 218871
DRC NW 26 307517 218872
DRC NW 27 307518 218873
DRC NW 28 307519 218874
DRC NW 29 307520 218875
DRC NW 30 307521 218876
DRC NW 31 307522 218877
DRC NW 32 307523 218878
DRC NW 33 307524 218879
DRC NW 34 307525 218880
DRC NW 35 307526 218881
DRC NW 36 307527 218882
DRC NW 37 307528 218883
DRC NW 38 307529 218884
DRC NW 39 307530 218885
DRC NW 40 307531 218886
DRC NW 41 307532 218887
DRC NW 42 307533 218888
DRC NW 43 307534 218889
DRC NW 44 307535 218890
DRC NW 45 307536 218891
DRC NW 46 307537 218892
DRC NW 47 307538 218893
DRC NW 48 307539 218894
EBatt 1 307483 218896
EBatt 2 307484 218897
EBatt 3 307485 218898
EBatt 4 307486 218899
EBatt 5 307487 218900
EBatt 6 307488 218901
EBatt 7 307489 218902
EBatt 8 307490 218903
OMM-1 307478 218905
OMM-2 307479 218906
OMN-2 307481 218908
OMN-3 307482 218909
BTG-1 307471 218910
BTG-2 307472 218911
BTG-3 307473 218912
BTG-4 307474 218913
BTG-5 307475 218914
BTG-6 307476 218915
NFX 17 307230 218685
NFX 18 307231 218686
NFX 19 307232 218687
NFX 20 307233 218688
NFX 21 307234 218689
NFX 22 307235 218690
NFX 23 307236 218691
NFX 24 307237 218692
NFX 25 307238 218693
NFX 30 307243 218698
NFX 31 307244 218699
NFX 32 307245 218700
NFX 33 307246 218701
NFX 34 307247 218702
NFX 35 307248 218703
NFX 36 307249 218704
NFX 37 307250 218705
NFX 38 307251 218706
NFX 42 307255 218710
NFX 43 307256 218711
NFX 44 307257 218712
NFX 45 307258 218713
NFX 46 307259 218714
NFX 47 307260 218715
NFX 48 307261 218716
NFX 49 307262 218717
NFX 50 307263 218718
NFX 56 307269 218724
NFX 57 307270 218725
NFX 58 307271 218726
NFX 59 307272 218727
NFX 60 Amended 307558 218728
NFX 61 307274 218729
NFX 62 307275 218730
NFX 63 307276 218731
NFX 64 307277 218732
OMN-1 revised 315879 228322

 

Black Pine - 100% Interest Owned
Claim Name Book & Page County # IMC #
NOAH #1 304761 217757
NOAH #2 304762 217758
NOAH #3 304763 217759
NOAH #4 304764 217760
NOAH #5 304765 217761
NOAH #6 304766 217762
NOAH #7 304767 217763
NOAH #8 304768 217764
NOAH #9 304769 217765
NOAH #10 304770 217766
NOAH #11 Amended 305804 218081
NOAH #12 305803 218082
NOAH #13 FRAC 305802 218083
NOAH #14 305805 218084
NOAH #15 305806 218085
NOAH #16 305807 218086
NOAH #17 305808 218087
NOAH #18 305809 218088
NOAH #19 305810 218089
NOAH #20 305811 218090
NOAH #21 305812 218091
NOAH #22 305813 218092
NOAH #23 305814 218093

 

Morning Glory - 100% Interest Owned
Claim Name Bk and Pg - County # IMC #
KING SOLOMON NO. 1 193520 138110
KING SOLOMON NO. 2 193521 138111
KING SOLOMON NO. 3 193522 138112
KING SOLOMON NO. 4 193523 138113

 

____________________
1 In accordance with listing rule 5.23.2, the company confirms it is not aware of any new information or data that materially affects the information included in the relevant market announcements referred to above.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54402

info