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.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.