The Northern Territory Government has granted KGL Resources an additional mining lease for it Jervois copper project, extending its production area.
The approved mining leases now cover the total area needed for KGL to proceed with its planned mining and mineral processing activities.
Located around 270km northeast of Alice Springs, the Jervois project is expected to create 360 jobs during construction and 300 ongoing jobs once operational.
The NT Government also approved the revised terms of reference for the company to address in its environmental impact statement. The revision approval was sought so KGL would remain consistent with a mining project larger than it outlined in its 2015 pre-feasibility study.
KGL executive chairman Denis Wood said the approvals showed the state government’s support for the project.
“The approval processes are running parallel to the company’s exploration program which is progressively discovering new zones of high grade mineralisation that will add to the already extensive resources,” he said.
“The exploration success coupled with ongoing technical studies offer the potential to continue to improve the future economics of the Jervois project.”
The discovery of new high grade mineralised zones could potentially increase the scale of Jervois. This includes the possibility of producing lead-zinc concentrate.