KGL Resources’ $190 million Jervois Copper-Silver-Gold Project has been awarded a Major Project Status.
The project has the potential to create more than 650 construction and operations jobs.
NT Chief Minister Michael Gunner announced the signing of the Project Facilitation Agreement (PFA) between the Northern Territory Government and KGL, who would run the project about 270km north-east of Alice Springs.
“The Territory Labor Government is restoring trust in Government by creating jobs including helping facilitate the development of major projects such as KGL’s Jervois Copper-Silver-Gold Project,” Mr Gunner said.
“This project has the potential to create 360 jobs during construction, over an 18 month period, and 300 on-going jobs once operational, over a 12-year plus period.
“We recognise the significance and potential the project could provide for the Territory. Major Projects create employment opportunities for Territorians and develop new business opportunities within the Territory.”
Mr Gunner said this provided a positive note following the Federal Government’s $2 billion cuts to Territory funding.
“It’s projects such as KGL Resources Limited’s $190 million Copper Project – and two other mining projects awarded Major Project Status in the past month – that should fill Territorians will hope that we do have a bright future,” said Mr Gunner.
The mine would produce a copper concentrate and a lead/zinc concentrate.
Construction could begin as early as late 2018, with an Environmental Impact Statement scheduled to be submitted early 2018.