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
