explorer status may be a good thing...

3rd and 2nd Tier miners are doing it pretty tough at the moment. Just look at OZL. Tier 2 assets, tonnes of cash. Script has dropped 50%.

Returning to being an explorer for KZL may be opportune. Find and explore new deposits for the big guys, then flog them off to the highest bidder (or the Chinese). It's just simply not economical any more to raise capital, buy expesnive equipment, pay exobenant wages, and front a million taxes, all in the face of a high AUD and low commodity prices.

It's the only reason, I can see Guandong wanting to keep funding KZL. They need Australian explorers to keep looking for deposits that China can acquire cheaply.

I read an very interesting article here that talks about it. If it's true it could be a good time to return to explorer status.

50% of mines to close by 2040