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  • KGL Resources Appoints New Director 0 comments
    Nov 4, 2013 8:38 PM

    KGL Resources (ASX: KGL) has appointed Brad Ellis, the nominee of its largest shareholder KMP Investments, as a director of the company.

    Ellis has over 30 years experience in the mining industry as a metallurgist and process engineer and is currently a partner in West Australian consultancy Scott Dalley Francks.

    His technical experience has focused on process plant commissioning and operation, feasibility study preparation and management, and design management for mineral processing and hydrometallurgical plants.

    "Brad's technical abilities and experience are a welcome addition to the Board especially in relation to the progression of the Jervois Project," chairman Andrew Daley said.

    The company is carrying out a 20,000 metre drilling program to increase the existing Resource at the Jervois Copper-Silver-Gold Project in the Northern Territory.

    A Scoping Study completed in 2012 demonstrated that even a modest increase in the size of the resource and throughput significantly improved the project's NPV and cash flow.

    Jervois currently has Indicated and Inferred Resources of 13.5 million tonnes at 1.3% copper and 25.8g/t silver, for 170,415 tonnes copper and 11.6 million silver at a 0.5% copper cutoff.

    There is also 69,000 gold ounces, 26,000 tonnes of lead and 22,000 tonnes of zinc.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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