KGL Resources Limited is an Australian mineral explorer and developer focused on the delineation and development of the high grade Resource at the Jervois Copper Project in the Northern Territory, Australia and establishing a world class, low cost copper mine.
Using modern, cost effective exploration methods, the Company has successfully defined a current JORC Resource of 20.97 Million tonnes at 2.03% Copper and 31.9g/t Silver.
The Company is currently focused on completing Project studies that will determine the optimal development scenario at Jervois, with environmental approval recommended in October 2019, and the Jervois Mining Management Plan approved by the NT Government in January 2021
All primary approvals have been received from the NT government for the development of KGL Resources’ wholly-owned Jervois copper-gold-silver mine. Morgans slightly alters the rating to Speculative Buy from Add and increases the target to $0.619 from $0.377.
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