KGL Resources announced the discovery of a new copper Exploration Target through the recent application of induced polarisation (IP) and down-hole electromagnetics (DHEM) geophysical techniques at Jervois. The assay results from the discovery hole, KJCD482, confirm the discovery. The Jervois J-fold is a distinctive large-scale geological structure which is well known to host several mineral occurrences. These include the three JORC mineral resources, Reward, Rockface and Bellbird, which form the basis for the current Feasibility Study. It is also recognised that geophysical methods such as magnetics, gravity, IP and DHEM are very effective exploration tools at Jervois, especially when used in concert. The Rockface deposit, which has an average grade of 3.17% copper, was initially discovered using DHEM, and this technique has recently been used at Rockface, in conjunction with drilling, to explore a very-high grade shoot . During 2021, the company carried out a large IP survey which was designed to explore sections of the J- fold which had not been adequately covered and to infill previous IP surveys performed by MIM over 20 years ago. It is clear now that these techniques are successful, particularly when used together, in defining targets in this area. The 2021 IP survey initially focussed on a strike-segment of the J-fold between Reward and Rockface. This segment contains the well-mineralised outcrops known as Cox's Find prospect and had been drilled and modelled to shallow depth. The new IP survey detected a large and moderately strong anomaly to the south-west of Cox's Find at intermediate depth. Drillhole KJCD482 was drilled to test the anomaly at a position approximately 400 metres below surface and 600 metres south of the Cox's Find outcrop. This was not the strongest part of the IP response, but was positioned to provide the best site for follow on DHEM studies. KJCD482 intersected a broad zone of disseminated sulphide mineralisation, which appears to adequately account for the IP response. The hole also intersected a 2.53-metre-thick zone of stronger copper mineralisation comprising disseminated chalcopyrite and minor bornite. The intersection for this zone in KJCD482 is: 1.92% Cu and 14.7 g/t Ag over 2.53m ETW from 523m down hole. Subsequent DHEM surveys indicated that this zone of mineralisation is associated with a large conductor (modelled as 700m strike x 500m dip). This conductor is only weakly conducting, which is in keeping with the observed disseminated style of mineralisation in KJCD482. Based on the dimensions of the DHEM Model (700m x 500m), the estimated true thickness (2.53m), the grade of the mineralised intersection in KJCD482 (1.92% Cu) and the measured bulk density of the mineralisation (2.81 t/m), an exploration target is postulated to be in the order of 2 to 3 million tonnes at 1.5 to 2.3% Cu. The presence of bornite and the large dimensions of the DHEM conductor and its proximity to Rockface, makes this an attractive exploration target. It is proposed to test the Cox's South DHEM conductor with a follow-up hole, situated approximately 220m south-west of KJCD482, where the IP response is at its highest strength. This hole is scheduled for early 2022 and will be preserved for further DHEM which is also scheduled for early 2022. Further drilling on this target is contingent on the result of the proposed hole and the DHEM survey. Three other holes were drilled in the vicinity of Cox's Find in 2021. Reverse circulation holes KJC461 and KJC462 were drilled beneath the mineral resource model and obtained narrow intercepts of copper. DHEM surveying of these holes did not detect any significant conductors. The reportable intersections for these two holes are: KJC461: 1.54% Cu and 1.2 g/t Ag over 0.94m ETW from 234m down hole KJC462: 1.08% Cu and 3.6 g/t Ag over 4.35m ETW from 260m down hole. Hole KJCD483 targeted an IP anomaly approximately 350 metres south-east of the Cox's Find outcrop, with the prospect being named AZ. The hole intersected disseminated pyrite and chalcopyrite mineralisation and encouraging alteration over broad zones, which likely explains the IP anomaly. One interval of 2.53% copper was intersected over a down-hole interval of 1.14m from 234.11 metres. This zone was not directly associated with an in-hole DHEM conductor although a small 50m x 50m weak off- hole conductor plate is located above the hole approximately 30 metres away from the copper intersection. At this stage AZ has been afforded a lower priority for further drilling. Consulting Geophysicist Kate Hine comments," The discovery of the Cox's South exploration target vindicates the exploration approach adopted by KGL, which is an iterative process involving conceptual geological thought, IP geophysics, drilling, DHEM, geophysical modelling and interpretation.