ADVANCED EXPLORATION INVESTMENTS
EXPLAURUM LIMITED TAMPIA GOLD PROJECT
Jervois currently holds shares in Explaurum Limited which has targeted the discovery of a 1 million ounce plus gold deposit in the wheat belt of Western Australia, 250km east of Perth. The Tampia Gold project is a shallow high grade deposit, with the latest mineral resource being 11.3Mt @ 1.91 g/t Au (0.7Moz).
The scoping study has been completed indicating the potential for a low cost, high margin and relatively low technical risk development. Definitive feasibility study is due to completion in the first quarter of 2018, with planned production from mid 2019.
ELEMENTOS LIMITED – MT CLEVELAND PROJECT
Elementos has an exceptional management team headed by the major shareholder and Chairman, Andy Grieg, who ran the global mining unit of Bechtel for over 20 years.
The company is a focused tin exploration and development company, owning 100% of the Cleveland Tin Project in Tasmania, and is funded to confirm the geological model and process flow sheet to facilitate a reopening.
The operation is scheduled to recommence in 2019, with a combination of open cut mining and tailings retreatment to produce tin and copper concentrates.
The tin market is increasingly being driven by the use of the commodity in the energy related technologies, particularly its application in electric vehicles, lithium ion batteries and lead-free electronics.