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Jervois Weighing Joint Venture Options for Nico Young

Jervois Mining expects to secure a joint-venture partner for its Nico Young nickel-cobalt project by the end of 2019.

Jervois Mining (ASX:JRV) has said it anticipates locking down a joint-venture (JV) partner for its Nico Young nickel-cobalt project in New South Wales by the end of the year.

In a conversation with Reuters, Jervois Chief Executive Bryce Crocker said the company is in discussions with a few different parties for a 20- to 40-percent JV agreement. The potential partners include miners, battery producers and equipment makers from Korea, China and Japan.

“We are pushing hard […] [but] we are not under pressure to do the deal tomorrow,” Crocker told the news outlet.

The company is currently working on a prefeasibility study for Nico Young; though its completion date had originally been docketed for Q3 2018, the miner said it should be released in the next few months.

With an inferred resource of 167.8 million tonnes at 0.59 percent nickel and 0.06 percent cobalt, Jervois has been hurriedly trying to develop Nico into what it calls a “core asset.” The company cites growing demand for nickel and cobalt as lithium-ion batteries become more prominent with the electric vehicle (EV) revolution as its reason for lasering its focus on Nico.

While Nico Young remains Jervois’ flagship asset, it’s one of many nickel-cobalt projects in Australia. Also on the list of miners eager to supply the EV market are Australian Mines (ASX:AUZ,OTCQB:AMSLF) with its Flemington and Sconi cobalt-scandium-nickel projects and Ardea Resources (ASX:ARL,OTC Pink:ARRRF) with its flagship Goongarrie nickel-cobalt asset.

In a recent conversation with the Investing News Network, CRU Group Principal Consultant Alex Laugharne explained that battery demand could be a major driver of nickel demand in the coming years, but said that it may take longer than market watchers realize.

“Batteries only account for about 4 percent of nickel demand at the moment, and I think at CRU we see that growing to 9 percent by 2023. But then, when you look further ahead, we’ve got sort of exponential growth, not only in the number of electric vehicles that are expected to be produced, but also in the nickel intensity of individual batteries,” Laugharne said.

“[That growth] will push batteries [towards] accounting for as much as almost a quarter of the entire nickel market maybe towards 2030, so it depends how far ahead you look.”

As of Wednesday (March 20), nickel was trading at US$13,190 per tonne on the London Metal Exchange, while cobalt was trading at US$29,000 per tonne.

Jervois’ share price dropped 2.22 percent by the end of trading on Thursday (March 21), closing at AU$0.22 on the ASX.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

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Highlights: – Former Xstrata plc executive, Mr. Ian Woolsey, has joined Jervois as Group Manager Information Technology – Mr. Woolsey will lead the IT integration of Freeport Cobalt in Finland, Idaho Cobalt Operations in the United States and the São Miguel Paulista nickel-cobalt refinery in Brazil – Mr. Woolsey joins Jervois after more than 10 years with Glencore Xstrata where he led the IT integration of major …

(TheNewswire)

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AustralianSuper announces that it acquired 47,534,965 ordinary shares in the capital of Jervois Mining Limited on 27 October 2020 and a further 13,120,773 Shares on 3 December 2020 such that immediately following the second acquisition, AustralianSuper held a total of 108,450,700 of the issued and outstanding Shares in Jervois. The Shares were acquired pursuant to private placements by Jervois to institutional and …

AustralianSuper announces that it acquired 47,534,965 ordinary shares (“Shares”) in the capital of Jervois Mining Limited (ASX: JRV) (TSXV: JRV) (“Jervois”) on 27 October 2020 and a further 13,120,773 Shares on 3 December 2020 such that immediately following the second acquisition, AustralianSuper held a total of 108,450,700 (or approximately 13.71%) of the issued and outstanding Shares in Jervois.

The Shares were acquired pursuant to private placements by Jervois to institutional and sophisticated investors. The average purchase price per Share was AUD0.305/ CAD0.29 for an aggregate total purchase consideration of AUD18.5 million/ CAD17.6 million .

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HIGHLIGHTS: -James May becomes Jervois’ CFO after almost 15 years in leadership roles with Rio Tinto -Mr May’s most recent role in Rio Tinto was as Interim Vice President, Sales and Marketing for the Energy & Minerals portfolio, based in Singapore -Mr May was also previously the CFO of Energy Resources of Australia Limited, an ASX-listed uranium miner, majority owned by Rio Tinto -Mr May also worked in various …

(TheNewswire)

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carbon emissions

Following international pressure, the Australian government has promised to reach net zero emissions by 2050.

In a last-minute commitment after months of debate, the Australian government has promised to reach net zero emissions by 2050, expecting to meet the goal largely through technology development.

The move comes following international pressure as Australia had previously refused to join countries in pledging to meet the target ahead of the United Nations' COP26 climate conference in Glasgow.

However, the plan unveiled on Tuesday (October 26), which includes a government investment of AU$20 billion, does not strengthen the target set for 2030, with Prime Minister Scott Morrison saying Australia is on track to beat its Paris Agreement goal, cutting emissions by 30 to 35 percent by that decade.


"We will do this the Australian way," Morrison said ahead of a press conference, announcing investments in new energy technologies like hydrogen and low-cost solar.

An Australian hydrogen industry could be worth more than AU$50 billion in 2050, according to the government. Meanwhile, expanding production and processing of metals like lithium, nickel, copper and uranium could together be worth around AU$85 billion in exports in 2050.

That said, Australia will continue to be heavily dependent on fossil fuels as the plan will not shut down coal or gas production. The country is a major coal player, with the third largest reserves in the world, but its reliance on coal-fired power makes it one of the world's largest carbon emitters per capita.

"We want our heavy industries, like mining, to stay open, remain competitive and adapt, so they remain viable for as long as global demand allows," Morrison said. "We will not support any mandate — domestic or international — to force closure of our resources or agricultural industries."

Australia's desire to achieve net zero emissions by 2050 is a step in the right direction, Prakash Sharma, Wood Mackenzie's Asia Pacific head of markets and transitions, said.

"Our analysis shows that Australia can reach net zero emissions by 2050," he said. The country's major trading partners — China, Japan and South Korea — are already in transition towards that goal.

According to Wood Mackenzie, nearly 83 percent of Australia's power generation will come from solar and wind by 2050, as compared to about 20 percent last year. Natural gas, bio energy, geothermal and small modular reactors will supply the remaining 17 percent in power output. Coal into power is expected to be phased out by 2035.

"Although the pathway requires complete transformation of its traditional energy and export sectors, there are significant opportunities to capitalise on and protect future revenues," Sharma said.

"This will require Australia to become a significant player in low-carbon hydrogen trade as well as being able to offer carbon storage and offset services."

Meanwhile, the Australian Conservation Foundation has welcomed the prime minister's commitment to reach net zero by 2050, but said the mid-century goal is only meaningful with deep cuts to climate pollution this decade.

"Unless the government sets the wheels in motion to cut our emissions in half by 2030, it is making climate change worse and turning its back on the opportunities," said Chief Executive Kelly O'Shanassy.

"Australia can become a global clean energy superpower in the next decade by replacing coal and gas with renewable energy," she added. "We have abundant clean energy, tools and talent, but we cannot delay any longer."

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

panoramic view of sydney with the business district

There are at least five companies mining silver in New South Wales right now. Learn more about silver stocks in this key Australian state, as well as its rich history with the precious metal.

New South Wales is where silver mining began in Australia, and where the modern company known as BHP (ASX:BHP,NYSE:BHP,LSE:BHP) has roots dating back more than a century.

Silver was discovered at Broken Hill in the west of New South Wales in 1883. Two short years later, the Broken Hill Proprietary Company was floated, and from there the rest is history.

Broken Hill Proprietary, now known simply as BHP, rapidly became the largest mining company in Australia, and then the world, by diversifying, acquiring, merging and spreading its reach so that it had assets and interests on four continents — and it all began with the discovery of silver in New South Wales.


New South Wales' strong silver-mining history

BHP doesn't have silver operations in New South Wales today, but the legacy of silver continues in the state.

Australia has a reputation for being a desirable mining jurisdiction, but as an investment prospect, New South Wales is one of the country's less attractive areas, ranking fifth out of seven among its states and territories.

Globally, however, New South Wales is a safe bet, outranking Chile in mining investment attractiveness, according to the Fraser Institute's latest survey of mining companies.

There are at least five companies currently mining silver in the state, as per government data — though many of them are private. Publicly traded entities are accessible through the Australian Securities Exchange (ASX).

Overall, Australia is ranked among the top global producers of silver, sharing the title of fifth largest producer with Chile and Poland in 2020. It put out 1,300 tonnes of the precious metal that year.

It's worth noting that the amount of silver mined in Australia used to be much higher. Going back through US Geological Survey reports, the country enjoyed a spike in silver mining around the turn of the millennium, when annual production hovered around 2,000 tonnes per year. Since then, it's slowly fallen away to where it sits now.

For its part, New South Wales produced 128 tonnes of silver in the 2015/2016 financial year — a number that is fairly consistent year-on-year due to the number of operational mines located there. Within the region, silver is mined as a by-product at each operational mine, all of which are in the central part of the state.

ASX-listed silver stocks in New South Wales

As mentioned, quite a few of the companies mining silver in New South Wales are private, while others are public, but not listed on the ASX. Examples include China Molybdenum (OTC Pink:CMCLF,HKEX:3993) and Nonfemet.

Of course, public entities are busy in the state too. Read on for a look at some of the ASX-listed operators focused on silver in New South Wales. And if you're interested in jumping into the market, tools to learn how to invest on the ASX are freely available online through the ASX website — here's a little starter to make it even easier.

1. Newcrest Mining (ASX:NCM)

Market cap: AU$20.23 billion; current share price: AU$24.73

True to form, silver is produced as a by-product by the top mining company with silver operations in New South Wales — Newcrest Mining's Cadia operation is actually mainly centered on copper and gold. Even so, for the 12 months ended June 30, 2021, Cadia put out 643,000 ounces of the white metal, accounting for the vast majority of the company's overall silver production globally (945,000 ounces overall in the latest annual period).

2. Aeris Resources (ASX:AIS)

Market cap: AU$461.58 million; current share price: AU$0.21

Another company with interests mainly in copper and gold, Aeris Resources is the owner and operator of the Tritton copper operation. Silver plays so little a role in the company's profile that it doesn't list its output of the metal, but it has been hitting some silver mineralization in exploration works at Tritton over the last few months, with holes drilled at the Constellation deposit yielding results as fancy as 28.6 grams per tonne silver.

The company has also reported silver mineralization at the nearby Avoca Tank exploration project.

3. Silver Mines (ASX:SVL)

Market cap: AU$261.49 million; current share price: AU$0.21

Silver Mines is the owner of the Bowdens silver project in Central New South Wales, and the company describes it as one of Australia's largest undeveloped silver resources. The company also has interests in another two silver projects in the state: Conrad and Webbs, both located in the north.

The company's goal is to become one of Australia's preeminent silver companies.

A feasibility study for Bowdens was completed in 2018, and envisions a maiden ore reserve of 29.9 million tonnes at 69 grams per tonne silver, 0.44 percent zinc and 0.32 percent lead for a 16 year mine life initially. Since 2018, the company has fine tuned the proposed mine, and recently began a scoping study on underground mining.

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Scott Tibballs, currently hold no direct investment interest in any company mentioned in this article.