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The latest update is out from KGL Resources Limited ( (AU:KGL) ).
KGL Resources Limited is advancing its Jervois Copper Project by optimizing operations and securing financing, driven by higher metal prices. The company has welcomed Resource Capital Fund as a significant shareholder, which aligns with its strategy to mobilize capital into critical minerals. The ongoing project improvements include expanding open-cut resources and reducing capital costs, while the feasibility study indicates strong economic potential with a post-tax NPV of A$405M and an IRR of 24%. The company is also exploring options for its bismuth resources, a critical mineral, and is on track to commence enabling works by late 2025/early 2026, contingent on securing optimal financing terms.
More about KGL Resources Limited
KGL Resources Limited operates in the mining industry, focusing on the development of its high-grade Jervois Copper Project. The company is involved in the extraction and processing of critical minerals and metals, with a significant emphasis on copper. KGL Resources is actively working on optimizing its project and securing financing to enhance its market position.
Average Trading Volume: 1,234,986
Technical Sentiment Signal: Buy
Current Market Cap: A$121.2M
For a thorough assessment of KGL stock, go to TipRanks’ Stock Analysis page.