KBL Mining Ltd. - Diggers and Dealers Presentation 2015
04.08.2015 | ABN Newswire
Sydney, Australia (ABN Newswire) - KBL Mining Ltd. (ASX:KBL) are pleased to provide a company presentation for the Diggers and Dealers Forum, August 2015.Value proposition highlights include:
Refinancing- Clean Balance sheet, projects funded and working capital raised
- USD23 M ( AUD30 M) raised on 16th March from Quintana through a participative metal stream
- A$3 million raised in late July for working capital
- KBL has repaid the Capri debt of AUD 12.6 million and repaired the balance sheet
- Capri/RIKID/Kidman litigation complete in favour of KBL, AUD 3 million returned and costs awarded
- Convertible notes deferred to 2017.
Mineral Hill Moves to 6.5 g/t Open cut or in late Aug/Sept
- Mining high grade lead and zinc on 40 level SOZ and copper gold on 20 level
- Developing access to G gold lode 1.3% copper and 2.1 g/t gold
- First oxide ore mined in the 6.5 gram Pearse open cut, oxide ore stockpiled with first sulphide ore to be processed later August. Tails will be stored for CIL
- CIL project construction underway commissioning in November..
- Lead cleaner installed to increase grade of concentrate lead and zinc
- Zinc circuit installation underway
Future
- Drilling program to test surface targets- Jacks hut sulfide copper and Pearce North targets.
- Sorby lead silver project- environmental approval complete and undergoing preparatory work for attaining the construction license in 6 months and mine development license in 12 months.
To view the company presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KBL-729139.pdf
About KBL Mining Ltd:
KBL Mining Ltd. (ASX:KBL) is an Australian resource company listed on the ASX (KBL and KBLGA) with a focus on precious and base metals. KBL's main assets include the Mineral Hill copper-gold-silver-lead-zinc project near Condobolin in New South Wales and Sorby Hills silver-lead-zinc deposit in Western Australia.
The Company has been operating the refurbished processing plant at Mineral Hill since October 2011 to produce copper concentrates with gold and silver credits. Gold production is currently expanding with increased gold grades and recoveries from underground production together with a high grade, open cut gold-silver mine to commence operation this year.
Sorby Hills is one of the world's largest near surface undeveloped lead deposits, close to port infrastructure and a short distance from Asian markets. KBL holds 75% of the project with China's largest silver, lead and gold group, Henan Yuguang Gold & Lead Co. Ltd (HYG&L) holding 25%. EPA Environmental approvals are in place.
Contact:
KBL Mining Ltd.
T: +61-2-9927-2000
F: +61-2-9927-2050
E: info@kblmining.com.au
www.kblmining.com.au