KGL Reveals Major Deep Anomalies at Jervois, Advances Funding Talks

Strategic Shift to Advanced Exploration

KGL Resources Limited has taken a deliberate step back from active drilling in 2025 to prioritise sophisticated exploration techniques at its flagship Jervois Project in the Northern Territory. By leveraging state-of-the-art 3D joint inversion modelling, integrating magnetotelluric resistivity, gravity, and magnetic data, the company has identified significant deep-seated anomalies that suggest a much larger and deeper mineral system than previously understood.

This approach marks a shift from traditional single-domain geophysical methods, enabling KGL to refine drill targeting with greater precision and cost efficiency. The modelling has highlighted two prominent low-resistivity zones extending beyond 3 kilometres depth beneath the central J-Fold structure and along the Bellbird-Rockface trend, interpreted as deep crustal fluid pathways and extensive alteration halos linked to mineralisation.

Exploration Results Confirm Growth Potential

Results from the 2024 drilling campaign underpin the polymetallic nature of the Jervois system, with high-grade copper, silver, and gold intercepts confirming resource continuity and structural complexity. These findings support KGL’s strategy of incremental near-mine resource expansion while simultaneously identifying new high-priority targets across its 110 km² tenement package.

The advanced geophysical work has validated known mineralised zones and revealed new targets along key structural corridors such as the southern J-Fold and the Scarpe–Crowe’s Nest trend. Additional magnetotelluric stations are planned to improve resolution and confidence in these emerging prospects, setting the stage for future low-cost, high-impact drilling campaigns aligned with development sequencing.

Construction Readiness and Funding Progress

Parallel to exploration, KGL has made significant strides in preparing the Jervois Project for construction. The appointment of Dean Adams to oversee construction efficiency and the integration of experienced project execution partners signal a robust owner’s team approach. Critical path packages including process plant delivery, civil works, accommodation, water infrastructure, and mining operations are advancing towards tendering and evaluation.

On the financing front, KGL, supported by advisors Cutfield Freeman & Co and amicaa Advisors, has opened a secure dataroom and engaged with multiple potential partners. Positive interest has been reported, with discussions ongoing to secure an optimal funding stack that could include strategic investments, offtake-linked funding, joint ventures, debt financing, and precious metal royalties or streaming arrangements.

Favourable Market Backdrop Enhances Project Appeal

The timing of KGL’s funding efforts coincides with a buoyant commodity market environment. Copper prices have surged to multi-year highs above US$5.90 per pound, driven by structural demand from renewable energy, electrification, and technology sectors. Concurrently, silver and gold prices have risen sharply, enhancing the value proposition of Jervois’s polymetallic output, which is expected to produce over 1 million ounces of silver and more than 8,400 ounces of gold annually at steady state.

This diversified metal exposure not only mitigates commodity price volatility but also aligns with global trends favouring critical minerals for decarbonisation and energy security. KGL’s cash position of $5.265 million, bolstered by a recent $4.2 million entitlement offer, provides a solid financial foundation as it moves towards construction commencement targeted for 2026 and first production in 2027.

Looking Ahead

With a fully permitted, economically robust, and construction-ready asset, KGL is well-positioned to capitalise on both near-term development and longer-term exploration upside. The emerging evidence of a larger mineral system at depth opens exciting possibilities for resource growth beyond current estimates. As funding discussions mature and project execution ramps up, the market will be watching closely to see how KGL translates its geophysical insights into tangible value.