KGL Resources Ltd. has commenced preparatory development activities at its Jervois copper project in the Northern Territory, transitioning the asset from planning into active project execution.
The move follows the completion of a AU$300 million equity raising, which fully funds the high-grade copper project through construction and into commercial production.
As part of the initial works, the copper developer has signed a AU$36 million contract with Northern Transportables for the supply and installation of a 180-person accommodation village and mine infrastructure buildings.
The complex will house up to 252 single-occupancy rooms across new and refurbished units, with the primary facilities scheduled to be operational by February 2027.
On-site operations are ramping up, with drilling contractors mobilised to conduct geotechnical assessments for foundation design at the process-plant location.
Exploration rigs are also targeting high-priority regional targets identified through recent geophysical modelling.
KGL CEO Sam Strohmayr said: “Completion of the $300 million equity raising means the Jervois project is fully funded through construction and into production, marking a significant milestone for KGL.
“Our focus is now firmly on execution, with development activities advancing across several critical workstreams, including accommodation and mine infrastructure, long-lead process equipment procurement and drilling.”
The company is currently finalising an engineering, procurement, and construction (EPC) contract with Sedgman for a two million tonne per annum capacity process plant, while procurement for long-lead items, including SAG and ball mills, is already underway. Tendering for the open-pit surface mining contract is also progressing.
KGL remains on track to reach a final investment decision (FID) in the third quarter of 2026.
First sulphide mill feed and process-plant commissioning are targeted for the first half of 2028, positioning Jervois to supply global markets amid rising demand from global electrification and power infrastructure.