KBL Mining Limited (ASX:KBL) issued a letter to shareholders this week, outlining how the company has reached a new stage in its development. With a strong new strategy and management, the company is “on a new trajectory to unlock the significant value of its assets.” Highlights of the strategy included a focus on developing the Pearse open cut and on optimizing the company’s Mineral Hill operations.
As quoted in the press release:
KBL will continue to extract maximum value from our current ore sources. A recent example of this is the additional flotation circuit installed last quarter at Mineral Hill to extract lead, silver and further gold and copper from the flotation tail, which has been a great success and has resulted in approximately $2.6 million in gross notional revenue in the last four months. The much talked about gold and silver circuit (“CIL Plant”) is another opportunity for Mineral Hill to unlock value as the plant will not only treat the open-cut oxide sources of ore, but also treat the current fotation tail to improve recovery of the high gold and copper ore sources that have been delineated underground. The final metal we have not pursued is zinc and our team is working on how we can expand the flotation circuit to generate additional revenue from zinc concentrate sales.