KGL Resources to Optimize Australia Project Amid High Metal Prices, Shares Down 6%

MT Newswires Live

2025/09/24

KGL Resources (ASX:KGL) said higher metal prices have prompted it to undertake additional optimization works for its Jervois copper project in Australia, according to a Wednesday Australian bourse filing.

Ongoing improvements include developing incremental open-cut resources within the current mine life and capital improvements, while advisors amicaa and Cutfield Freeman & Co., continue to advance financing for the project.

The company said it is reviewing options for its bismuth concentrate resource, considered a critical metal in Australia.

The company's shares fell past 6% in recent Wednesday trade.

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