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KGL Resources Limited (ASX:KGL)

ALERT: Price-sensitive ASX Announcement for KGL
Current share price for KGL : $0.170 -0.01 (-5.56%)+
Announcement
Release
31 Jul 2026 9:41AM
Price at Release
$0.180
Full Release
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Summary
KGL Resources Limited has secured full funding for the Jervois Copper-Silver-Gold Project, ensuring no project debt and unencumbered copper offtake. The funding includes a US$300 million agreement with Wheaton Precious Metals and an A$180 million Conditional Placement, totaling approximately A$689 million. The Baseline Economic Model confirms strong project economics with a pre-tax NPV8 of A$1.226 billion and a post-tax IRR of 30%. The project is set to advance towards construction with a focus on completing the Final Investment Decision by Q3 CY2026. Exploration activities are funded to enhance resource growth and extend mine life in the Jervois and Unca Creek tenements. KGL continues to progress in engineering, contracting, and procurement to support the construction and production timeline.
Key Points
  • KGL secured a US$300 million agreement with Wheaton Precious Metals.
  • A$180 million Conditional Placement completed.
  • Total funding package of approximately A$689 million.
  • Baseline Economic Model shows compelling economics with pre-tax NPV8 of A$1.226 billion.
  • The project has a post-tax IRR of 30%.
  • Final Investment Decision targeted for Q3 CY2026.
  • Exploration program funded with A$20 million.
  • Expected strong financial returns from high-grade copper production.
  • Copper offtake remains unencumbered.
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.