KGL Resources Limited (AU:KGL) has released an update.
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KGL Resources Limited reported significant high-grade copper, silver, and gold intersections from its 2023 drilling campaign, particularly in the near-surface Marshall Lode, promising to boost mining operations. The company is focusing on extending the mine life, which could substantially enhance project value amidst a forecasted copper shortfall. Additionally, with a strong cash position of $10.9 million and corporate leadership changes, KGL is preparing for an updated Feasibility Study and moving towards key milestones.
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