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Jervois Mining banks research and development tax refund

Jervois Mining banks research and development tax refund

Jervois Mining (ASX:JRV) has received an A$511,126 tax refund under the Australian Government’s Research & Development Tax Incentive program.

The company has also completed reverse circulation drilling to upgrade the Inferred Resource at its Young nickel-cobalt project in New South Wales to the Indicated category.

Young currently has a Resource of 82.1 million tonnes at 0.79% nickel and 0.06% cobalt.

Results from the drilling include 15 metres at 1.52% nickel, 11 metres at 2,082ppm cobalt and a single interval at 2.03% nickel.

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Jervois Mining Ltd Timeline

June 30 2017

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