KGL Resources (ASX:KGL) managing director Simon Milroy presented the potential of the company's high-grade Jervois project this week to investors at Proactive's Sydney / Melbourne Luncheons this week.
Last week, KGL delivered a significant increase in the confidence and tonnage of the resource at the Jervois project.
The upgraded resource will form the basis of an optimised PFS expected in October.
The resource swelled to 30.5 million tonnes at 1.07% copper and 23g/t silver for 327,000 tonnes of contained copper and 22.6 million ounces of contained silver. Indicated resources jumped 36%.
Overall the resource grew by 5.2 million tonnes, or 21%, with contained copper climbing by 47,000 tonnes, or 17%.
Jervois has an existing mining lease due to historical mining activities on site.
Next catalysts:
- Results from a new drilling program to test targets.
- optimised PFS expected in October.
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