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KGL Resources Limited (ASX:KGL)

ALERT: Price-sensitive ASX Announcement for KGL
Current share price for KGL : $0.168 0.003 (1.52%)+
Announcement
Release
19 Aug 2026 9:51AM
Price at Release
$0.165
Full Release
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Summary
KGL Resources Limited has announced the commencement of preparatory development activities at its Jervois Copper Project in the Northern Territory, Australia. Following a successful A$300 million equity raising, the project is now fully funded through to production. Major developments include a A$36 million contract for a 180-person accommodation village and mine infrastructure, the finalization of the EPC contract with Sedgman, and the initiation of procurement for critical long-lead process equipment. The project is positioned to meet key milestones, with the Final Investment Decision targeted for Q3 2026 and initial production projected for the first half of 2028. The Jervois project aims to deliver approximately 30,000 tonnes of copper annually, alongside significant silver and gold by-products, over an initial 10-year mine life.
Key Points
  • A$300 million equity raising completed for Jervois Project.
  • Contract executed for a 180-person accommodation village.
  • Procurement of critical process equipment underway.
  • EPC contract with Sedgman is being finalized.
  • Final Investment Decision targeted for Q3 2026.
  • Production anticipated to start in the first half of 2028.
  • Jervois to produce 30,000 tonnes of copper annually.
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.