KGL Resources Limited announced that the Feasibility Study of the Company's 100% owned Jervois Copper Mine Project in the Northern Territory is being extended to complete essential studies, and carry out the optimisation phase. Drilling designed to improve the confidence of the Mineral Resource and extend the proposed mine life is being prioritised, and an updated Resource estimate is expected to be released in November 2021. Concurrent metallurgical test work is well advanced and is aimed at improving recoveries of copper as well as valuable gold and silver by-products, thus boosting expected revenue. During the first (March) quarter of 2022, the aim is to complete the financial results of the FS, produce a new Mining Reserve, finalise the project financing, take the final investment decision and begin project construction. Early works will also commence in this period. Jervois is being prepared for development at a time of near record world copper prices that are forecast to remain strong for at least the life of the initial mine at Jervois. The long term copper supply constraints being forecast as demand for copper strengthens significantly in an increasingly electric society are only intensified by the current stresses on production, most recently the labour disruptions in the world's largecopper producing country, Chile.