KGL Resources continued to discover new areas of mineralisation at the 100% owned Jervois Copper-Silver-Gold Prospect in the Northern Territory. The board is mindful of the current low commodity prices and has implemented a number of cost cutting activities including a reduction in the size of the board, a reduction in board fees and reducing the size of the workforce to reflect the reduced level of activity. On 29 Dec [...]
KGL Resources advises that the fully underwritten, 2 for 9 non-renounceable pro-rata entitlement offer announced on 29 December 2015 has concluded. Acceptances were received from shareholders for 18,096,779 new fully paid ordinary shares under the entitlement offer. A total of 285 shareholders accepted the offer, with almost 30% of these applying for top-up shares. The Company's significant shareholders, KMP Investments [...]
KGL Resources is pleased to announce a capital raising to raise up to $3 million by way of a two for nine pro rata non-renounceable entitlement offer, fully underwritten by Denis Leslie Wood. Eligible shareholders will be able to apply for additional shares through a top-up offer. The offer price for the Entitlement Offer is $0.095 per share. Funds raised through the capital raising will be used for the exploration and [...]
KGL Resources advises that in response to low commodity prices and market conditions, the Company is implementing plans to minimise administrative expenditure. As part of this process, Mr John Taylor will step down as a non-executive Director and Simon Milroy will also step down from the board and continue as Chief Executive Officer. Denis Wood will now assume the role of Chairman of the Company and in this capacity, he [...]
KGL Resources advises that Mr Chris Bain has stepped aside as Acting Chairman of the company and the board has unanimously elected Mr Denis Wood as his replacement. The internal rotation recognises Mr Wood's proximity to the company's head office and the time requirements of the Acting Chairman position. The Board thanked Mr Bain for his service during the last 8 months and for his continuing contribution as a [...]
KGL Resources (ASX:KGL) is pleased to announce the discovery of two new base metal prospects at the Yambah Project. The Dawn and Emily prospects were discovered during reconnaissance mapping on the Bald Hill tenement (EL28271). Highlights - Two new base metal prospects discovered - Copper and lead-zinc occurrences extend for over 500m - Rock chips return assays of up to 1.5% Zn, 0.89% Pb, 0.58% Cu - No previous [...]
KGL Resources completed the PFS of its 100% owned Jervois Copper-Silver Project and announced the results on 16 Oct. Jervois was confirmed as a robust, mid-level scale mining project with an initial annual production of 21,000 tonnes of copper, one million ounces of silver, plus lead and zinc, with a mine life of more than 8 years. The completed PFS was updated from the initial PFS announced last December. The enhanced [...]
KGL Resources recently completed a 3D - Induced Polarisation (3DIP) & Magnetotelluric (MT) survey in the Bellbird region to search for additional sulphide mineralisation in a poorly tested and yet highly prospective portion of the 12km long mineralised corridor at Jervois (Northern Territory). A strong coincident IP chargeability and conductivity response was modelled at the Rockface prospect that extends to a vertical [...]
KGL Resources is pleased to announce the results of the completed Pre-Feasibility Study (PFS) of KGL's 100% owned Jervois Copper-Silver Project in the Northern Territory. Pre-Feasibility Study shows strong economics of KGL's Jervois Copper-Silver Project - Low C1 cash cost of US$0.88/lb over mine life - 3.2 years payback - A$807M operating cash flow The initial PFS, announced in December 2014, found Jervois to be [...]
KGL Resources recently completed a 3D - Induced Polarisation & Magnetotelluric survey in the Bellbird region to search for additional zones of mineralisation in a poorly tested and yet highly prospective zone along the 12km of mineralised strike length at Jervois. Highlights - Mineralisation intersected over 14.0 metres at the Rockface prospect from 253.5m - Mineralisation coincides with a strong, IP chargeability and [...]
Darwin, Australia (ABN Newswire) - KGL Resources (ASX:KGL) recently completed a 3D - Induced Polarisation (3DIP) & Magnetotelluric (MT) survey in the Bellbird region to search for additional zones of mineralisation in a poorly tested and yet highly prospective zone along the 12km of mineralised strike length at Jervois. Highlights - Drilling of IP targets is underway - 4 holes completed and one hole in progress with [...]
KGL Resources are pleased to provide an investor presentation regarding its operations at its Jervois Copper Project. The Jervois Project is located 250km northeast of Alice Springs in the Northern Territory and is owned 100% by KGL Resources Pty Ltd (KGL). Between September 2013 and December 2014, KGL drilled 432 holes for 53,601m at Jervois with up to three drill rigs on site, making it one of the most active explorers [...]
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