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Jervois Mining Quarterly Activities Report to 31 March 2020

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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