KGL Resources Ltd (ASX:KGL)’s Simon Finnis outlines a major offtake agreement with Glencore International AG for copper concentrate with Proactive’s Andrew Scott.
The agreement is a validation of the Jervois Base Metal Project in the Northern Territory, which is in the midst of a feasibility study assessing its economic forecast. Glencore has secured 100% of the concentrate from Jervois, which is expected to generate 100,000-120,000 tonnes of copper concentrate equivalent per annum.