Diggers and Dealers Presentation
Sydney, Aug 4, 2015 AEST (ABN Newswire) - KBL Mining Ltd (
ASX:KBL) are pleased to provide a company presentation for the Diggers and Dealers Forum, August 2015.
Value proposition highlights include:
Refinancing- Clean Balance sheet, projects funded and working capital raised
- USD23 M ( AUD30 M) raised on 16th March from Quintana through a participative metal stream
- A$3 million raised in late July for working capital
- KBL has repaid the Capri debt of AUD 12.6 million and repaired the balance sheet
- Capri/RIKID/Kidman litigation complete in favour of KBL, AUD 3 million returned and costs awarded
- Convertible notes deferred to 2017.
Mineral Hill Moves to 6.5 g/t Open cut or in late Aug/Sept
- Mining high grade lead and zinc on 40 level SOZ and copper gold on 20 level
- Developing access to G gold lode 1.3% copper and 2.1 g/t gold
- First oxide ore mined in the 6.5 gram Pearse open cut, oxide ore stockpiled with first sulphide ore to be processed later August. Tails will be stored for CIL
- CIL project construction underway commissioning in November..
- Lead cleaner installed to increase grade of concentrate lead and zinc
- Zinc circuit installation underway
Future
- Drilling program to test surface targets- Jacks hut sulfide copper and Pearce North targets.
- Sorby lead silver project- environmental approval complete and undergoing preparatory work for attaining the construction license in 6 months and mine development license in 12 months.
To view the company presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KBL-729139.pdf
About KBL Mining Ltd
KBL Mining Ltd (ASX:KBL) is an Australian resource Company listed on the ASX with a focus on producing precious and base metals. KBL's main assets include the Mineral Hill copper-gold-silver-lead-zinc mine near Condobolin in New South Wales and Sorby Hills lead-silver-zinc project in Western Australia. The Company has been operating the refurbished processing plant at Mineral Hill since October 2011 to produce copper-gold concentrates and in 2013 commenced producing a separate lead-silver concentrate. Sorby Hills (KBL holds 75% with Henan Yuguang Gold & Lead Co. Ltd (HYG&L) holding 25%) is a large near surface undeveloped silver-lead deposit close to port infrastructure and a short distance from Asian markets.
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