The Mineral Hill project covers an area of 49km2 in the Cobar Basin of central NSW. The project area houses a state-of-the-art operating mine and mill, which currently produces copper in concentrates. As a result of KBL’s recent and significant exploration successes, the mine is this year expanding its capabilities to also produce gold and silver dore (bullion) and lead-zinc concentrates. The Mineral Hill mine is a strategic asset – the next operating mill is over 150km away and its replacement value is approximately $150m.
Sorby Hills is the largest near surface silver-lead deposit in Australia, located in the East Kimberley region, Western Australia. The project (KBL 75% and Henan Yuguang Gold & Lead Limited 25%; KBL JV Manager) has a global resource of 16.7 million tonnes grading 4.5% Pb and 52g/t Ag that is contained in a mineralised trend extending over a 10km strike length. Stage 1 of the project development has been designed on the DE and C deposits accounting for 1.5km of the mineralised trend or 27% of the global Resource.
KBL has completed a Pre-Feasibility Study for Stage 1 of the Sorby Hills project, based on a conventional open cut mine and sulphide flotation concentrator operation, which generates very robust financial returns. The project has well established infrastructure with sealed road access to the regional centre of Kununurra (50km) and established port facilities at Wyndham (160km).
Environmental permitting is pending.
Producer, developer and explorer of base and precious metals with substantial exposure to copper, gold, silver, lead and zinc.
Project portfolio diversified across geographical location, commodity and stage of development.
Commercially-focused and highly experienced Board and management.
Profit growth expected over next two years:
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