Mon-Fri 8am-6pm EST -  Support: 212-391-2211

  • My account
Wallace Precious MetalsWallace Precious Metals
0
  • Home
  • Gold
    • Gold Coins
      • American Gold Coins
      • Canadian Gold Coins
      • British Gold Coins
      • Chinese Gold Pandas
      • Austrian Gold Philharmonics
      • European Gold Sovereigns
      • Gold Bars
    • Other Gold Coins
      • Somalian Gold Elephants
      • Ukrainian Gold Coins
      • Disney Gold Coins
      • South Korean Gold Coins
      • World Gold Coins
  • Silver
    • Silver Coins 1
      • Silver Bars
      • Silver Coins
      • Silver Bars
      • Silver Rounds
      • Silver Statues
      • Silver Bullets
      • Silver Eagles
      • Silver Dollars
      • 90% & 40% Silver Coins
      • Ukrainian Silver Coins
    • Silver Coins 2
      • America The Beautiful Series
      • Canadian Silver Coins
      • Canadian Silver Coins
      • Chinese Silver Pandas
      • Austrian Silver
      • South Korean Silver Coins
      • British Silver Coins
      • Australian Silver Coins
      • New Zealand
      • Gilded Silver Coins
    • Other Silver Coins
      • Solomon Islands Silver Coins
      • Armenian Silver Coins
      • Biblical Silver Coins
      • Cook Islands Silver Coins
      • Rwanda Silver Coins
      • Congo Silver Coins
      • Fiji Silver Coins
      • Native American Coins
      • Disney Silver Coins
      • World Silver Coins
  • Platinum
    • IRA Eligible Platinum
    • Platinum Bars
  • Palladium
  • On Sale
    • New Arrivals
  • Sell To Us
  • Charts
    • Gold Price Charts
    • Silver Price Charts
    • Platinum Price Charts
    • Palladium Price Charts
    • Stock Market Analysis
      • Technical Analysis Charts
    • Commodities Chart Box
  • IRA
  • Other
    • Copper
      • Copper Bars
      • Copper Rounds
      • Wheat Pennies
    • Accessories
      • Bar Accessories
      • Coin Accessories
  • Contact

KGL Resources shoots higher after Jervois copper project approval

Admin
Jan 10, 2021 Precious Metals News Comments Off on KGL Resources shoots higher after Jervois copper project approval


Wallace Refiners has launched its 2021 Outlook, which offers the most comprehensive coverage of precious metals markets in the new year. Trillions of dollars were pumped into financial markets in 2020 and that won’t come without consequences. Economists expect that investors will be Bracing For Inflation in 2021.


(Wallace Refiners) – Shares in KGL Resources (KGL:ASX) rose 41% in two sessions after the Northern Territory Government has approved KGL Resources’ mining management plan to develop the Jervois copper project following a pre-feasibility study.

Results from the pre-feasibility outlined an initial 7.5-year mining operation at Jervois, extracting high-grade copper with a mineral resource of 9.4 million tonnes at 2.41 per cent copper reserve.

KGL chairman Denis Wood said, “We are confident the drilling about to start in the new year will improve the quality and size of the resource,”.

He added “Jervois is exceptionally well placed to enter the world copper market as a supplier. It is a high-grade deposit at a time of declining copper grades among the major copper mines and constrained copper production generally.”.

Lastly, he stated, “At the same time, demand is expected to increase strongly for copper in both emerging green energy and electric vehicle uses, as well as traditional construction, electricity transmission, communication and consumer goods applications.”.

As you can see from the daily price chart below the price shot up over the past two sessions backed by decent volume. There was some hesitation at the top of the channel marked in blue. If the price does move lower the previous wave high could provide some support. At the moment it seems, the bulls are clearly in charge. 



Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



Source link

approvalcopperhigherJervoisKGLProjectResourcesshoots
admin

Torrens Mining make their ASX debutPrevious post
McEwen loses 16% of gold reserves at Gold BarNext post

NEWSLETTER

Subscribe to our newsletter to get updates regarding our business and precious metal refining.

MY ACCOUNT

  • Cart
  • Checkout
  • On Sale
  • My account
  • Shop

ABOUT US

  • Sell To Us
  • Careers
  • About
  • Payments
  • Refine Jewelry

Address

Wallace Refiner’s Inc

+1 212-391-2211

15 W 47th St # 101, New York, NY 10036, United States

contact@wallacerefiners.com

©2020 Wallace Refiners - Wallace Precious Metals | All Rights Reserved.

Send Enquiry