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The latest announcement is out from KGL Resources Limited ( (AU:KGL) ).
KGL Resources has completed an A$11 million capital raising and is pushing ahead with project-enabling works and construction readiness at its Jervois Copper-Silver-Gold Project, while global prices for all three metals have surged well above prior assumptions. The funds will support early site works, procurement and key contracts, as well as ongoing optimisation of the open-pit mine plan and processing plant to lift contained metal feed, recovery rates and overall capital efficiency. The quarter also saw the addition of new institutional investors, a higher stake from Resource Capital Fund, and the appointments of a new independent non-executive director and a seasoned mining executive as CEO, moves that collectively strengthen governance, leadership and financing appeal as KGL advances funding discussions and prepares a revised baseline economic model for potential partners.
The most recent analyst rating on (AU:KGL) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.
More about KGL Resources Limited
KGL Resources Limited is an Australian mineral resources company focused on the development of the Jervois Copper-Silver-Gold Project. The company is advancing this polymetallic project through enabling works and optimisation studies, positioning itself to benefit from structurally higher copper, silver and gold prices and growing demand in global metals markets.
Average Trading Volume: 348,354
Technical Sentiment Signal: Buy
Current Market Cap: A$204.3M
Learn more about KGL stock on TipRanks’ Stock Analysis page.