Dual-listed Jervois has commenced its underground resource extension programme at the RAM deposit at Idaho Cobalt Operations (ICO) in the US.
The programme will involve the construction of an underground exploration drift as well as the extensional drilling to define potential step-outs from the existing RAM mineral resource estimate (MRE).
The extensional drilling is expected to start in the first quarter.
Further, Jervois has completed initial surface drilling at the Sunshine historic resource, which is also part of the ICO. The Sunshine deposit is located near the mill and concentrator facilities at ICO.
An inaugural MRE for Sunshine is expected in the second quarter of next year.
Jervois says that, based on the existing US Department of Defense $15-million funding agreement, the costs for these exploration programmes to the end of the third quarter of next year, will be fully reimbursed.