KGL approves Jervois copper project in Northern Territory
Mining
Thursday, October 15, 2026
· Updated Oct 15, 2026 19:42
KGL Resources has approved development of its Jervois copper project, about 380 kilometres north-east of Alice Springs, with construction due to start in early 2027 and first copper concentrate targeted for the first half of 2028.
Why it matters: The final investment decision adds a funded new copper mine to Australia's pipeline at about 30,000 tonnes a year over an initial 10 year life, with 60 percent of project costs already contracted.
Data as of Australian Mining report published October 15, 2026, opened and read in full. Single trade-press source reporting KGL's announcement, so this developing item is grade C; funding includes a Wheaton Precious Metals streaming agreement whose proceeds remain subject to conditions precedent, per the report.
KGL Resources has taken a final investment decision on its Jervois copper project in the Northern Territory, about 380 kilometres north-east of Alice Springs, with principal construction expected to start in early 2027 and first copper concentrate targeted for the first half of 2028. The project is planned at about 30,000 tonnes of copper a year, with silver and gold by-products, over an initial 10 year mine life, creating up to 350 construction jobs and up to 550 ongoing positions.
Funding combines existing cash, equity already raised and proceeds from a streaming agreement with Wheaton Precious Metals, and KGL said 60 percent of project costs are already contracted, including the processing plant contract signed with Sedgman in September. Site preparation, including the construction village, access roads and water infrastructure, is already under way, alongside a $20 million exploration program running to 2028.
Sources
- KGL gives Jervois copper project the green light · Australian Mining · 2026-10-15