KGL Resources Advances Jervois Copper Project with Promising Feasibility Study and Drilling Results

The latest announcement is out from KGL Resources Limited ( (AU:KGL) ).

KGL Resources Limited has released its quarterly activities report, highlighting significant progress in the development of the Jervois Copper Project. The feasibility study update indicates the project’s strong economic potential with a base case NPV of A$405 million and a mine life of 10 years. The company is actively seeking financing options to commence production by 2027, aiming to maximize shareholder returns and contribute to local economic development. The 2024 drilling program has shown promising results, with new discoveries and high-grade mineralization that could extend the project’s life. KGL is also advancing exploration planning with over 30 targets being assessed for strategic mineral occurrences.

More about KGL Resources Limited

KGL Resources Limited is a mining company focused on the development of the Jervois Copper Project, one of the highest-grade undeveloped copper deposits in Australia. The company operates in a Tier One mining jurisdiction and is engaged in exploration and project development activities, particularly in the copper sector.

YTD Price Performance: -6.67%

Technical Sentiment Signal: Strong Buy

Current Market Cap: $41.24M

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