KGL Resources Ltd's (ASX:KGL) flagship is the wholly-owned Jervois copper project in the Northern Territory, where recent highlights delivered: 8.24 metres a 9.21% copper, which included other metals.
The company is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.
The halt will remain in place until the opening of trade on Wednesday 13th September 2017, or earlier if an announcement is made to the market.