This is great news given the relatively low grade of the 5.5mt Baal Gammon resource identified and inferred by previous owners. What wonders this company could achieve with a little more exploration in NQ. Over the past 5 years KZL has on average achieved 70% conversion from Resource to Reserve status across all Far North Queensland projects, which is a good record and attributed to the consistent geology and the structurally predictable nature of known mineralisation within KZL's tenements. Baal Gammon is just 35km to the mill too. Should extend the 6 year mine life to approx. 14.5 years.
KZL Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
