KBL Mining Limited (ASX:KBL) is pleased to announce the results of underground sampling of the G Lode that confirm high grade gold values.
KBL Mining Ltd
KBL Mining Ltd (ASX:KBL) is an Australian resource Company listed on the ASX with a focus on producing precious and base metals. KBL's main assets include the Mineral Hill copper-gold-silver-lead-zinc mine near Condobolin in New South Wales and Sorby Hills lead-silver-zinc project in Western Australia. The Company has been operating the refurbished processing plant at Mineral Hill since October 2011 to produce copper-gold concentrates and in 2013 commenced producing a separate lead-silver concentrate. Sorby Hills (KBL holds 75% with Henan Yuguang Gold & Lead Co. Ltd (HYG&L) holding 25%) is a large near surface undeveloped silver-lead deposit close to port infrastructure and a short distance from Asian markets.
KBL Mining Limited (ASX:KBL) advises that it has today issued a total of 11,500,000 Ordinary Shares, 10,869,565 Unlisted Options and one (1) Convertible Note with a face value of $500,000 pursuant to the announcement dated 4 March 2016.
KBL Mining Ltd (ASX:KBL) present their report, together with the financial statements, on the consolidated entity consisting of KBL Mining Limited (referred to hereafter as the 'company' or 'KBL') and the entities it controlled for the half-year ended 31 December 2015.
KBL Mining Limited (ASX:KBL) advises that it has entered into revised payment arrangements with four of its largest service providers. As at 31 December 2015, these providers were owed some $17 million plus interest.
KBL Mining Limited (ASX:KBL) is pleased to announce recent diamond drilling has intersected high grade gold mineralisation at Pearse North, less than 200 metres from the currently operating Pearse Open Cut at the Mineral Hill Mine.
KBL Mining Ltd (ASX:KBL) announce the Quarterly Activities Report for the period ending December 2015
KBL Mining Limited (ASX:KBL) announces that following the first gold production from the Company's new CIL plant, Brian Wesson has resigned as Managing Director.
KBL Mining Limited (ASX:KBL) ("the Company") is proud to announce that it has produced, smelted and sold the first 497 ounces of gold dore from its Mineral Hill mine in NSW.
Mr Brown's appointment follows the resignation of Mr David Laing as a non-executive director due to business commitments. The Board of Directors would like to thank Mr Laing for the valuable contribution he has made to the Company.
As KBL Mining Ltd (ASX:KBL) closes out the year, we are pleased to report to you that that we have completed the process of successfully restructuring the balance sheet and reenergising Mineral Hill.