KGL Resources Limited Announces Update of the Mineral Resource Estimate for the Combined Jervois Project

KGL Resources Limited is a mineral explorer and developer. It is focused on the delineation and development of the high-grade resource at the Jervois Copper Project in the Northern Territory, Australia and establishing a high grade, sustainable copper mine. The Jervois Copper Project is located on existing mining leases and benefits from road access to Darwin and Alice Springs by the Stuart and Plenty Highways, being 380 kilometers (km) by road north-east of Alice Springs. It also holds two exploration licenses at Yambah, 60km north and northeast of Alice Springs, because of the similarity of the style and age of the mineralization to Jervois, which is 150km to the east. It holds further tenements in the Jervois region, including the Unca Creek tenement, which is adjacent to the Jervois Copper Project. The Jervois Project is located on four mineral licenses (ML 30180, ML 30182, ML 30829 and ML 32277) located within EL 25429 held by Jinka Minerals Ltd, a subsidiary of the Company.