KGL kgl resources limited

Ann: Exploration Success - Discovery Hole at Crowes Nest, page-2

  1. 5,494 Posts.
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    Wow the market is not going to like this at all, but the very definition of a "technical success", after the down-hole EM in the RC hole there might be reason to drill a deeper diamond hole underneath it to test that co-incident Magnetic and Gravity anomaly. You would have to think that if there is anything there its going to be deep and probably extremely skinny/attenuated but if a follow-up diamond hole finds decent grade they are going to have to deal with having another 3-4km of strike open up for exploration with its subsequent drilling required to understand it and prove up any potential resource. At current rates of progress most shareholders will be dead by then.

    If it is actually such a huge ironstone system like another Starra-type system its going to need a major company to ever develop this, because of the remote location and eye-watering exploration and capital costs.
 
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Last
9.5¢
Change
-0.003(3.06%)
Mkt cap ! $65.77M
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9.5¢ 9.5¢ 9.5¢ $2.98K 31.37K

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Price($) Vol. No.
9.9¢ 5385 1
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Last trade - 11.50am 25/07/2025 (20 minute delay) ?
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