Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
KGL Resources Limited ( (AU:KGL) ) just unveiled an update.
KGL Resources Limited has completed a drilling program supporting an updated Mineral Resource Estimate and mine plan for their Feasibility Study Update at the Jervois Copper Project. The company reports a 17.4% increase in the Mineral Resource Estimate, noting a rise in contained copper, silver, and gold, although with a slight reduction in copper grade. The Feasibility Study Update is progressing, with RPMGlobal overseeing an independent technical review to meet financial lender requirements. The company’s exploration program yielded high polymetallic grades, while corporate developments included the resignation of CEO Philip Condon, with Chairman Jeff Gerard assuming executive functions temporarily.
More about KGL Resources Limited
KGL Resources Limited operates in the mining industry, focusing primarily on the exploration and development of mineral resources, particularly copper. The company is engaged in the Jervois Copper Project, demonstrating a significant focus on enhancing its mineral resource base and advancing feasibility studies to support its mining operations.
YTD Price Performance: -10.0%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $34.37M
For detailed information about KGL stock, go to TipRanks’ Stock Analysis page.
