Following completion of a Bankable Feasibility Study, Jervois has approved the appointment of M3 Engineering to progress detailed engineering at Idaho Cobalt Operations. Detailed engineering will support ordering long lead items for ICO, with USD 4.7 million expenditures approved to end March 2021. This work package ensures ICO remains on schedule for first product in 2022. ICO remains scheduled to be commissioned in July 2022.
In parallel, ahead of a BFS commencing at Sao Miguel Paulista nickel-cobalt refinery, Jervois has appointed Elemental Engineering to complete sysCAD modeling for product integration. The modeling will review the integration of hydroxides and carbonate products, oxides and sulphide concentrates at the SMP Refinery through to production of nickel and cobalt refined metal, products marketed previously under the brand of Tocantins
Formal tender process for the SMP Refinery BFS will be undertaken prior to calendar year end.