KGL Resources (KGL) Q2 2026 TU earnings summary

Executive summary

• Completed A$11 million capital raising to fund project-enabling works, optimisation, and funding discussions.

• Appointed a new independent non-executive director and a CEO with extensive mining leadership experience.

• Advancing enabling works and procurement for the Jervois Copper-Silver-Gold Project, with full construction pending funding and board approval.

Financial highlights

• Cash and cash equivalents at 31 December 2025 were $10.8 million.

• Net cash from financing activities for the quarter was $10.2 million, primarily from equity issuance.

• Net cash used in operating activities was $0.52 million; net cash used in investing activities was $1.58 million.

Outlook and guidance

• Project optimisation underway to leverage higher metal prices, focusing on open cut resource development and process improvements.

• Revised baseline economic model to be released to support funding and strategic partner engagement.

• Market outlook remains bullish for copper, silver, and gold, with prices at all-time highs.