To quote: Top of that list is securing a partner to fund the $185 million definitive feasibility study for the company-defining Admiral Bay base metals project east of Broome.
But: I'm not so sure Day wants to pedal ahead with this at this time. He said in the quarterly activities reports that Admirial Bay will be a game changer for KZL and require a lot of Kagara resources and management time. In the short-term he sounds more focused on smaller deals with a faster payback period like Monto Minerals. My thoughts are that a partner for admiral bay may not be finalised until Sep/Oct or until Day had done his own independent due diligence.
KZL Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held