KBL Mining advises that it has entered into revised payment arrangements with four of its largest service providers. As at 31 December 2015, these providers were owed some $17 million plus interest. As reported in the Company's most recent Quarterly Activities Report there have been significant short term cash flow issues as a result of delays in [...]
KBL Mining is pleased to announce recent diamond drilling has intersected high grade gold mineralisation at Pearse North, less than 200 metres from the currently operating Pearse Open Cut at the Mineral Hill Mine. Highlights: - Exceptional gold assay results have been returned from the first two holes of the current drilling program at the Pearse [...]
KBL Mining announce the Quarterly Activities Report for the period ending December 2015. Key Points: Mineral Hill - Transformed to Gold and Silver Producer - The Carbon In Leach (CIL) circuit accepted its first ore in late November, treating 21,773 tonnes by the end of the quarter, consisting of sulphide tails and oxide ore from Pearse open pit [...]
KBL Mining announces that following the first gold production from the Company's new CIL plant, Brian Wesson has resigned as Managing Director. During Mr Wesson's tenure he oversaw the defence of a hostile attempt for control of the Company, repayment of a major loan facility and the arrangement of a financing facility, transforming the Company [...]
KBL Mining is proud to announce that it has produced, smelted and sold the first 497 ounces of gold dore from its Mineral Hill mine in NSW. The gold pour marks a significant mile stone as over the last eight months the Company has moved from being an underground operation to a 100% surface gold and silver producer. During this time the existing [...]
KBL Mining is pleased to advise that Mr Charles Brown has been appointed as a non-executive director of the Company. Mr Brown's appointment follows the resignation of Mr David Laing as a non-executive director due to business commitments. The Board of Directors would like to thank Mr Laing for the valuable contribution he has made to the Company [...]
Sydney, Australia (ABN Newswire) - As KBL Mining Ltd. (ASX:KBL) closes out the year, we are pleased to report to you that that we have completed the process of successfully restructuring the balance sheet and reenergising Mineral Hill. Restructuring the Balance Sheet In March 2015 we secured financiers to restructure the balance sheet with a view [...]
KBL Mining are pleased to provide a Company presentation for the Mines and Money conference in London. CURRENT OPERATIONS - Pearse Open Pit in Operation - Shallow, high grade gold-silver - Pearse main pit extended to starter pit depth. over 600,000 BCM moved some 60% of over pit tonnes deposit (6.9 g/t Au, 71.7 g/t Ag) - CIL circuit [...]
KBL Mining is pleased to announce that the CIL gold processing plant has commenced operations. As reported to the market, the planned shutdown on 19 November successfully connected the CIL into the back end of the process plant to allow it to come online. The new innovative cyanide handling system was commissioned and slurry from the flotation [...]
KBL Mining are pleased to provide the 2015 Annual General Meeting Chairman's Address to shareholders. Chairman's Address: Good morning and welcome to this sixth Annual General Meeting of KBL Mining as an ASX listed Company. The past financial year was once again constrained by extremely low commodity prices followed by significant reduction in [...]
KBL Mining is pleased to announce that the strategic plan highlighted in the Managing Director's letter of August 2014 is now is now nearly fully implemented. Key achievements to date have been: - Arrangement of USD23 million in funding - KBL has transformed into an open cut, low cost gold and silver producer - The Pearse open cut is now in [...]
Sydney, Australia (ABN Newswire) - KBL Mining Ltd. (ASX:KBL) announce the Quarterly Activities Report with significant highlights. Mineral Hill - Transformed to Gold and Silver Producer - First gold concentrate was produced during September for sale in October - Currently the open pit ore is being processed through the flotation circuits with [...]
