External broker reports(aggregated public sources), Ord Minnett

Ord Minnett

Ord Minnett is a leading Australian wealth management group, incorporating full-service stockbroking, financial planning and funds management. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<div><div><div><div><ul><li>The latest Bellbird resource upgrade appears to be another positive step in de-risking the project.</li><li>Our focus remains on the delivery of the Feasibility Study, which appears to have been delayed as the scope and capital costs are being adjusted due to cost inflation.</li><li>We reiterate our Spec Buy thesis and considering the OZL take over, we highlight the high quality of this undeveloped copper deposit.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p></div></div></div></div>

The latest Bellbird resource upgrade appears to be another positive step in de-risking the project.Our focus remains on the delivery of the Feasibility Study, which appears to have been delayed as the scope and capital costs are being adjusted due to cost inflation.We reiterate our Spec Buy thesis and considering the OZL take over, we highlight the high quality of this undeveloped copper deposit.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KGL Resources - Bellbird Resource Update and Feasibility Timing