With recent drilling and down-hole surveys, the resource has been expanded with the discovery of additional copper, lead and zinc mineralization.
The company share price performance has reflected the increase in size of the newly discovered deposits. With a market capitalization of around $12 Million in December last year to approximately five times that in under 12 months.
With a pre-feasibility study due in October, the company has plans for a 2 million tonne floatation plant and processing capability of 25,000 tonnes of copper concentrate per year, with the additional mineral credits of zinc, lead and silver.
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About KGL Resources Ltd
KGL Resources (ASX:KGL) is an Australian mineral exploration company focussed on increasing the high grade Resource at the Jervois Copper-Silver-Gold Project in the Northern Territory and developing it into a multi-metal mine.
KGL Resources Ltd