Ann: Second Major Earn-in Secured with AngloGold Ashanti, page-4

I think they are 1 JV from being self-funded by charging management fees. Not many explorers (if any) in Oz do this and constantly have to do CRs and dilute the holders.
The deposits AGA chases here are massive and if they do find them then KCC's MC will be at least 20x from current levels - even with only 25% stake in those ventures. Not many understand these implications.

Wait until KCC lands JV or Eran-in for their Trundle prospect. On this deal they will probably land cash payment as well as KCC has done lot of drilling there so the JV partner will have lot vectors to follow rather than starting with scout holes and then work their way through.

I see Trundle as very high probability to deliver a discovery. KCC plays hard game for this prospect though as they want to make sure they get proper recognition for the previous work - and they earned it.