Peter Johnston's Jervois eyes Idaho cobalt development

JERVOIS Mining, the ASX junior with the heavyweight board, has used a sizeable chunk of its cash holdings to invest about A$10 million buying a 4.5% stake in Toronto-listed, Idaho-focused cobalt developer eCobalt Solutions.

Peter Johnston's Jervois eyes Idaho cobalt development Peter Johnston's Jervois eyes Idaho cobalt development Peter Johnston's Jervois eyes Idaho cobalt development Peter Johnston's Jervois eyes Idaho cobalt development Peter Johnston's Jervois eyes Idaho cobalt development

Jervois is trying to lift its involvement in the advancing Idaho cobalt project owned by eCobalt.

Jervois, which started the June quarter with about $17 million and whose executive chairman Peter Johnston and CEO Bryce Crocker are ex-Glencore/Xstrata, said it made the investment "to facilitate discussing how it may support eCobalt's board and management in the financing, construction and successful commissioning" of the company's Idaho project.

Whether any previous attempts to hold discussions were made or rebuffed isn't known, with MNN unable to immediately reach Crocker who is on site at the company's Young pre-development cobalt and nickel asset in New South Wales.

eCobalt's high grade Idaho project is in the throes of feasibility optimisation and financing assessment ahead of planned construction in the first quarter next year.

The project's c...