KBL Mining Ltd

KBL Mining Ltd (ASX:KBL) are pleased to provide a company presentation for the Diggers and Dealers Forum, August 2015.

KBL Mining Limited (ASX:KBL) is pleased to announce recent underground drilling at the Southern Ore Zone "SOZ" has secured future production from the B Lode Footwall (Cu-Pb-Zn-Ag-Au) on the 1080 level and outlined further zones of potentially economic mineralisation in the A Lode that will be worked into future mine plans.

KBL Mining Ltd (ASX:KBL) announce the Quarterly Activities Report with highlights including the Mineral Hill Mine and the Sorbys Hill project.

KBL Mining Limited (ASX:KBL) is pleased to announce that APP Securities Sydney ("APP") has secured a placement of A$3 million from institutional and high net worth investors. The funds raised by this issue are for working capital and to advance infill drilling of surface and underground targets which aim to increase the reserve life for the longer term.

KBL Mining Limited (ASX:KBL) is pleased to advise that the Pearse open cut is on schedule for delivery of first sulphide ore to the plant in August and that early results from the Pearse process optimisation have improved confidence for forecast production from sulphide ore.

KBL Mining Limited (ASX:KBL) is pleased to advise that development activities of the Pearse Open Cut has commenced and is advancing in line with the planned schedule. The construction of the CIL plant is underway and exploration drilling activities for both underground and surface targets are in progress.

The contract for the development of the open pit is expected to be awarded within the next week. Operations will initially focus on extraction of transitional and sulphide ore. This will be processed through the existing mill flotation plant with the tails being stored for processing when the CIL plant comes online in November 2015.

An extensive program of drilling has commenced at Mineral Hill targeting mineralisation at Pearse, Pearse North, Red Terror, Jacks Hut and the Southern Ore Zone. The work is aimed at supporting Mineral Resource upgrades and further defining planned production sources beyond 2016 at KBL's flagship NSW operation.

The profit for the half year at Mineral Hill was mainly driven by lower site costs, higher productivity from a smaller workforce and improved ore quality, costs were reduced largely as a consequence of the workforce restructure completed during 2013 and changes to supply and contractor charges.

The Board of Queensland Mining Corporation (ASX:QMN) welcomes the appointment of Robert (Bob) Besley as a non-executive director.