Brisbane, Australia, Aug 4, 2015 - (ABN Newswire) - KGL Resources Ltd (ASX:KGL) are pleased to provide an investor presentation regarding its operations at its Jervois Copper Project.
The Jervois Project is located 250km northeast of Alice Springs in the Northern Territory and is owned 100% by KGL Resources Pty Ltd (KGL). Between September 2013 and December 2014, KGL drilled 432 holes for 53,601m at Jervois with up to three drill rigs on site, making it one of the most active explorers in the Territory. Exploration drilling has focused on extending the existing resources down dip and along strike to evaluate the full potential of the project. Drilling also tested several new prospects along the 12km strike length to generate new satellite resources. A resource estimate based on drilling completed prior to July 2014 resulted in a significant increase in the global resource and was used as the basis of a pre-feasibility study (PFS) that was released in December 2014. The studies have shown Jervois to be a technically and commercially feasible project.
The PFS also showed that the value of the project can be significantly increased by further drilling and metallurgical work aimed at:
- Increasing resources/reserves and mine life
- Increasing metallurgical recoveries
- Reducing operating costs and
- Reducing capital costs
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KGL-870558.pdf
About KGL Resources Ltd:
KGL Resources Limited (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.
Contact:
KGL Resources Ltd
Simon Milroy MD
T: +61-7-3071-9003
F: +61-7-3071-9008
E: info@kglresources.com.au
WWW: www.kglresources.com.au
Source:
KGL Resources Ltd
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