KGL Resources Ltd

KGL Resources Limited (ASX:KGL) continued to discover new areas of mineralisation at the 100% owned Jervois Copper-Silver-Gold Prospect in the Northern Territory.

Denis Wood the Chairman of KGL Resources said "I wish to thank the shareholders for their support in the entitlement issue. The strong take up from existing shareholders is a great show of support in a tough market environment. The funds will be used to further advance the high grade Jervois Copper Project."

KGL Resources Limited (ASX:KGL) is pleased to announce a capital raising to raise up to $3 million by way of a two for nine pro rata non-renounceable entitlement offer, fully underwritten by Denis Leslie Wood (Entitlement Offer).

KGL Resources Limited (ASX:KGL) advises that in response to low commodity prices and market conditions, the Company is implementing plans to minimise administrative expenditure.

KGL Resources Limited (ASX:KGL) advises that Mr Chris Bain has stepped aside as Acting Chairman of the company and the board has unanimously elected Mr Denis Wood as his replacement.

KGL Resources (ASX:KGL) is pleased to announce the discovery of two new base metal prospects at the Yambah Project. The Dawn and Emily prospects (Figure 1) were discovered during reconnaissance mapping on the Bald Hill tenement (EL28271).

KGL Resources Limited (ASX:KGL) completed the Pre-Feasibility Study (PFS) of its 100% owned Jervois Copper-Silver Project and announced the results on 16 October.

KGL Resources (ASX:KGL) recently completed a 3D - Induced Polarisation (3DIP) & Magnetotelluric (MT) survey in the Bellbird region to search for additional sulphide mineralisation in a poorly tested and yet highly prospective portion of the 12km long mineralised corridor at Jervois (Northern Territory).

KGL Resources Ltd (ASX:KGL) is pleased to announce the results of the completed Pre-Feasibility Study (PFS) of KGL's 100% owned Jervois Copper-Silver Project in the Northern Territory.

KGL Resources (ASX:KGL) recently completed a 3D - Induced Polarisation (3DIP) & Magnetotelluric (MT) survey in the Bellbird region to search for additional zones of mineralisation in a poorly tested and yet highly prospective zone along the 12km of mineralised strike length at Jervois (Northern Territory).