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KGL RESOURCES LIMITED — Capital/Financing Update 2012
Jun 28, 2012
65179_rns_2012-06-28_e0aa3efc-4150-4c7f-9c63-6063803cecd7.pdf
Capital/Financing Update
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29 June 2012
Australian-based Kentor Gold Limited (ASX: KGL) is entering the ranks of operating gold mining companies in 2012. The Company is progressing a pipeline of advanced projects in Australia and the Kyrgyz Republic.
Cancellation of Options
Kentor Gold Limited (“Kentor Gold” or “the Company”) advises the cancellation of 30,000 unlisted options following expiration.
The Murchison Gold Project in Western Australia -scheduled to commence high grade gold mining at the Burnakura plant in mid-2012, with the potential to add goldcopper production from the neighbouring Gabanintha deposit.
The high grade, very low cost Andash Gold-Copper Project in the Kyrgyz Republic – development-ready, awaiting site access and targeting 2013 to commence production at 70,000 oz gold and 7,400 tonnes copper pa for an initial six years, with high potential for expansion.
The Jervois Copper-Silver-Gold Project in the Northern Territory – targeting 2014 startup following current studies into developing the high grade copper-silver resource with potential for gold, magnetite and other base metals.
For further information contact:
Mr Simon Milroy Managing Director Phone: (07) 3071 9003 Email: [email protected]
Mr. David Waterhouse Investor Relations Phone (03) 9670 5008 Email: [email protected]
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Issued capital:
106.2 million ordinary shares 5.8 million unlisted options
Market Capitalisation
28 June 2012: $69 million