Jervois trying to snare Tanzania's Kabanga project

AMBITIOUS cobalt junior Jervois Mining has confirmed it’s trying to usurp majors’ Glencore and Barrick and become the new owner of the Kabanga nickel-cobalt project in Tanzania.

Jervois trying to snare Tanzania's Kabanga project Jervois trying to snare Tanzania's Kabanga project Jervois trying to snare Tanzania's Kabanga project Jervois trying to snare Tanzania's Kabanga project Jervois trying to snare Tanzania's Kabanga project

Jervois' ambitions stretch well beyond Nico-Young and the plains of western New South Wales

Headed by ex-Xstrata and Glencore execs and former employees, Jervois said it has submitted an application for a prospecting licence for what it claims is the "highest quality nickel-cobalt deposit in the world", with a previous feasibility work reportedly outlining an operation producing in-excess of 50,000t per annum of nickel.

"If the Tanzanian government grants its application, Jervois will update the Kabanga DFS and Social and Environmental Impact Assessment and obtain construction and operating permits to facilitate project financing," Jervois said.

The ASX-junior would likely be hoping to take advantage of the Tanzanian government's generally more aggressive approach to the mining sector in recent times.

Assisting its bid could be difficult relations be...

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