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KGL secures first Jervois funding
Summary by Australian Mining
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KGL secures first Jervois funding
Image: blende11.photo/stock.adobe.comKGL Resources has received a $US16 million ($22.7m) payment from Wheaton Precious Metals under a precious metals purchase agreement (PMPA), marking a key milestone in the development of the Jervois copper project in the Northern Territory. Announced in April, the PMPA comprises $US275 million in upfront consideration and an additional contingent $US25 million Cost Overrun Facility. The upfront funding include…
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