Jervois Copper Project
Considered the largest and most advanced copper development in the Northern Territory, the Jervois Copper Project is being developed by KGL Resources. It is located approximately 380 km by road northeast of Alice Springs along the Plenty Highway.
KGL continues to advance toward a final investment decision in 2026 with an ongoing focus on exploration and growth. It is working closely with all stakeholders including the Northern Territory Government and local communities with the goal of bringing Jervois into production in 2028.
Importantly, the project has all necessary approvals to commence construction. Steady-state operations will deliver an average 30 kt per annum of contained copper in a 27% saleable copper concentrate per annum.
The February 2025 feasibility study update has demonstrated the project is technically robust and financially viable. It highlights stronger project economics, with a Baseline Economic Model released in April 2026 using more recent economic data showing a post-tax NPV of AU $839M and an IRR of 31%, with a simple payback of 3.1 years on a 10-year mine.
KGL most recently announced it entered into a Precious Metals Purchase Agreement totalling $US300 million with Wheaton Precious Metals International Ltd, a wholly owned subsidiary of Canadian Wheaton Precious Metals Corp, to partly fund construction of the project. In return, Wheaton will have access to a proportion of silver and gold offtake from the project. Copper currently remains unencumbered.
- Investment type: brownfield
- Status: approvals in place
- Region: Central Australia, Northern Territory, Australia
- Project value: capital expenditure of AU$362 million
Get the Jervois Copper Project investment opportunity flyer PDF (310.0 KB).
Disclaimer
This investment opportunity is brought to market by an external proponent. The Northern Territory of Australia exercised due care and skill to ensure that at the time of publication the information contained in this publication is true and correct. However, it is not intended to be relied on as professional advice or used for commercial purposes. Australia's Northern Territory gives no warranty or assurances as to the accuracy of the information contained in the publication and to the maximum extent permitted by law accepts no direct or indirect liability for reliance on its content.