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KGL Resources Limited (ASX:KGL)

ALERT: Price-sensitive ASX Announcement for KGL
Current share price for KGL : $0.195 -0.073 (-27.10%)+
Announcement
Release
25 Jun 2026 10:08AM
Price at Release
$0.268
Full Release
download
Summary
KGL Resources Limited is advancing its Jervois Copper Project through an equity raising aimed at fully funding the project to production. The Jervois project is positioned as a high-grade copper mine with a robust 10-year mine life, producing an average of 30ktpa of copper. Key areas include the Rockface, Reward, and Bellbird deposits, with the project transitioning from open-pit to higher-grade underground mining. The project's mineral resources are predominantly in sulphides, and there is substantial exploration upside as many areas remain undrilled. Initial copper production is anticipated by 2028.
Key Points
  • KGL is raising equity to fund the Jervois project into production.
  • The Jervois project has a significant resource base with 27.5Mt @ 1.87% Cu across three deposits.
  • Expected mine life of 10 years with average copper production of 30ktpa.
  • Jervois is characterized by high-grade copper resources primarily in sulphides.
  • The project involves transitioning from open-pit to higher-grade underground mining.
  • Expected first copper production by 2028.
  • The project includes significant exploration potential with many areas remaining undrilled.
  • Key mining areas include the Rockface, Reward, and Bellbird deposits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.