PERTH (miningweekly.com) – The Northern Territory government has awarded the Jervois copper-silver-gold project major project status, inking a project facilitation agreement (PFA) with owner KGL Resources.
The PFA requires the territory government and the company to work together to progress the project through the required approvals processes.
“The confidence that the Northern Territory government has show in KGL and the Jervois project, and the cooperation extended to the company in moving towards development at Jervois is greatly appreciated,” said KGL chairperson Denis Wood.
KGL is currently working to increase and upgrade the Jervios resource to become one of the world’s lowest-cost copper projects before proceeding to development.