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The latest announcement is out from KGL Resources Limited ( (AU:KGL) ).
KGL Resources Limited has released an update on its Feasibility Study for the Jervois Copper Project, confirming its technical and financial viability with a net present value of A$405 million. The project is poised to commence production by 2027, offering substantial economic benefits and job opportunities in the Northern Territory. With increased copper resources and a strategic focus on open cut and underground mining, KGL is positioned to meet the anticipated global copper supply shortfall, while ensuring sustainable operations and long-term value for stakeholders.
More about KGL Resources Limited
KGL Resources Limited operates in the mining industry, focusing primarily on the extraction and production of copper and other strategic minerals. The company is working towards developing the Jervois Copper Project, which is set to become a significant mining hub in the Northern Territory, leveraging global copper prices for strategic minerals.
YTD Price Performance: -8.33%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $34.95M
For an in-depth examination of KGL stock, go to TipRanks’ Stock Analysis page.
