JRV - I hold .
Jervois successfully closes A$45.0 million equity raise
HIGHLIGHTS
• Jervois Mining (“Jervois”) raises A$45.0 million at A$0.305/share, a 1.2% discount to the
10-day VWAP
• Existing shareholder AustralianSuper demonstrates robust support with A$18.5 million
investment
• Directors and Management invest a further A$1.75 million cash, following up on the
A$2.75 million co-invested with AustralianSuper in the July 2019 capital raise
• Jervois received significant investment demand following release of the Idaho Cobalt
Operations (“ICO”) Bankable Feasibility Study (“BFS”) and acquisition of the São Miguel
Paulista (“SMP”) nickel-cobalt refinery in São Paulo, Brazil
• Placement gives Jervois a strong balance sheet to move ICO and SMP toward production,
and strengthens the Company’s position with regard to negotiations with third parties in
relation to debt financing, off-take and asset partnering structures
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