KGL Resources completes $300M equity raising

• KGL Resources completed a $300 million equity raising to fund its Jervois project.
• The company's stock price remained unchanged at $0.27 following the market announcement.
• The transaction is designed to fully fund the asset into production alongside existing cash resources.

Australian miner KGL Resources (ASX:KGL) completed a $300 million equity raising to fully fund its Jervois Project.

This transaction follows a recent US$300 million precious metals streaming arrangement to bring the project into production.

Under that arrangement, the company will retain a 48% effective economic interest in payable gold and silver.

The company stated it expects to maintain a $70 million liquidity buffer and $20 million for drilling.

Following the announcement, the KGL Resources share price was unchanged at $0.27.

The enterprise previously appointed a new chief executive officer in late 2025 to guide its development strategy.

Management recently presented a baseline economic model confirming the financial parameters of the copper asset.