KGL Resources (ASX: KGL) – Jervois Copper Project NT
ABOUT COMPANY
KGL Resources (KGL) (https://www.kglresources.com.au/) develops the Jervois multi-metal project located in the Northern Territory, Australia. Jervois represents one of the highest-grade undeveloped copper projects in Australia.
CAPITAL STRUCTURE
| ASX Code | Share Price | Shares | Option (In) | Market Cap | Cash/Asset ($m) |
| KGL | 0.12 | 567291863 | 68075023.56 | 13.5/0 |
| Holders No | Top 20 (Cur) | Top 20 (Pre) | Director Hold | Performance Right | Note |
| 2932 | 77.32% | 76.51% | 10.51% | 234000 | last raise $20m@12c |
Denis Wood, who is the company’s largest shareholder and was retired from the Executive Chair previously, has re-taken the Chair position and decided to pay himself $40k a month.
In Jan 2024, CEO resigned.
FLAGSHIP ASSETS
Jervois Copper Project NT
Below are the project’s Feasibility Study and reserves, note that the project requires CAPEX of $300m:
SUMMARY
The project’s grade is still questionable.
