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KGL Resources Secures US$16 Million First Tranche for Jervois Project Construction
9:06am on Thursday 18th of June, 2026 AEST
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Mining
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KGL Resources Secures US$16 Million First Tranche for Jervois Project Construction
9:06am on Thursday 18th of June, 2026 AEST
Key Points
US$16 million first tranche received under US$300 million streaming agreement
Funds allocated to early works including infrastructure and engineering
Further tranches contingent on construction milestones and regulatory approvals
Delay Payment clause introduces metal delivery risk if milestones missed
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KGL Resources (ASX:KGL)
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