hosts an inferred resource of 13.5 million ton

Jervois copper project update

August KGL is preparing to kick-off an extensive 20,000 metre drilling program at the wholly-owned Jervois copper project in the Northern Territory next month, with the drilling designed to increase the size of the resource.

Jervois currently hosts an Inferred Resource of 13.5 million tonnes at 1.3% copper and 25.8g/t silver for a total of 170,416 tonnes copper and 11.6 million ounces of silver, at a 0.5% copper cutoff. There is also some gold, lead and zinc.

A pre-feasibility study is scheduled for completion in January 2014 followed by a Definitive Feasibility Study.