headlines -Quarterly Activities Report - Period Ended 31...

headlines -

Quarterly Activities Report - Period Ended 31 December 2020
KGL’s Jervois Copper Project advances to full Feasibility Study and Project
Financing stage after

• positive Pre-Feasibility Study and
• Government approval of mining plan

Rising world copper price responds to strong short term market demand and long term growth outlook


KGL has announced:
1. The results of the Pre-Feasibility Study, including:

• Initial production of 30,000 tonnes per year copper in concentrate plus silver and gold
• Pre-tax NPV $177M; IRR 23.1%; capital payback 38 months
• The JORC Reserve at Jervois that underpins the PFS

2. KGL Board approval to progress to the Feasibility Study stage, given the results of the
PFS and the known opportunities to enhance the project. The study is being run in conjunction
with project financing discussions.

3. The NT Government’s approval of the Jervois Mining Management Plan, following a
comprehensive assessment process for Jervois.