Spring's prime objective will be to harness growth opportunities beyond the currently mined Pearse deposit via managing the process of exploring, development and mine planning.
Pearse is located within the company's Mineral Hill project near Condobolin in New South Wales.
Recently the company outlined that April production was up 17.5% to 2,999 gold ounces and 33,420 silver ounces, when compared to March.
C1 cash costs reduced by 15.1% from March production, while the EBITDA for April was $1.7 million, or a 21.4% increase from a month earlier.
KBL's other key asset is the Sorby Hills lead-silver-zinc project in Western Australia.
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