KGL Resources Ltd

KGL Resources Ltd (ASX:KGL) Recent drilling at Reward indicates that the best copper mineralisation at depth is at the northern end of the deposit. Not only are there higher copper grades often associated with high silver grades, the gold grades are typically much higher than the rest of the Reward ore body.

During the quarter, KGL Resources Limited (KGL or the Company) (ASX:KGL) (OTCMKTS:KGOLF) continued to pursue the exploration and development of the Jervois copper-silver-gold project in the Northern Territory. Intensive drilling and electromagnetic surveys produced consistently good results in an exploration program to increase and extend the total Resource.

KGL Resources Limited (ASX:KGL) announce that the first batch of assay results has been received for Phase 1 of resource extension drilling at the Bellbird deposit at KGL Resources Jervois Cu-Ag project in the Northern Territory.

KGL Resources Limited (ASX:KGL) was placed in a strong cash position to fund drilling and other studies into the feasibility of developing Jervois when the Andash Gold-Copper Project and the Murchison Gold Project were sold.

Electromagnetic surveys designed to locate extensions to the currently defined Resources at KGL Resources Limited's (ASX:KGL) (OTCMKTS:KGOLF) Jervois Copper-Silver-Gold Project have been successfully completed by Gap Geophysics.

KGL Resources (ASX:KGL) report all results have now been received for Holes KJCD043 and KJCD058, both drilled along strike to the north of the existing Resource. Both holes intersected the Reward deposit and were then extended further to the east where they have intersected a second zone of mineralisation that does not outcrop which has been named East Reward.

Focus on the Jervois copper project / High grade copper (1.25% Cu) project / Current mineral resource 170,000 t Cu and 11 Moz Ag / Located in the Northern Territory with access to existing infrastructure / Strong cash position $20m / 20,000 metres drilling program underway / Regular market updates expected from drilling campaign

In addition to using the funds to continue the exploration and development of the Jervois copper project in the Northern Territory, KGL has contributed $1 million, on top of the $3million paid in 2013, to the creditors of Kentor Minerals (WA) Pty Ltd via the Deed of Company Arrangement (DOCA) fund. This has finalised all KGL's obligations under the DOCA.

Geodynamics Limited (ASX:GDY) and joint venture partner Kentor Energy Pty Ltd, a 100% owned subsidiary of KGL Resources (ASX:KGL), are pleased to announce that the Environmental and Social Impact Assessment (ESIA) for the Savo Island Geothermal Power Project has been completed.

KGL Resources (ASX:KGL) (OTCMKTS:KGOLF) report that a new mineralised copper zone has been discovered at Jervois