KGL Resources' (ASX:KGL) shares have jumped over 22% in the past two days following Simon Milroy, managing director, presenting at the Sydney Investor Luncheon held by Proactive Investors.
Milroy outlined the near-term ramp up in newsflow, including over 11,000 samples in the lab, which will be released shortly.
The Jervois copper-silver-gold project currently hosts a high-grade resource of 13.5 million tonnes at 1.3% copper and 25.8g/t silver.
The resource will be upgrade in August 2014 with the new assays.
A PFS is expected in September.
The company is well-funded and held $19 million in cash at the end of March 2014.
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