Kalimantan Gold Corp Ltd (LON:KLG) is a junior exploration company primarily focused on Indonesian gold, copper and coal. Kalimantan Gold has recently announced that it has entered into a binding letter of intent with Tigers Realm Minerals relating to its Jelai Gold project and also a memorandum of understanding with a major mining company with regard to its copper project.
Following the two recent announcements Gerald Cheyne, the Kalimantan Gold Director of Corporate Development, has taken time out to discuss various aspects of the business, including, the Jelai Gold project, KSK CoW copper project, IBP Coal concession, company exposure, market sentiment and sourcing new projects in Indonesia.
Q1. Briefly, could you describe Kalimantan Gold’s history, business model and mission?
The Company began operations in Kalimantan, the Indonesian part of Borneo, in mid 1990’s. It was brought to the TSX.V in the late 1990’s but suffered from Canadian investors’ loss of interest in Indonesia following the Bre-X scandal. For the first 10 years it explored the KSK CoW site, undertaking 36000 metres of drilling. In 2006 it acquired its gold prospect and in 2007 came to AIM.
KLG’s mission is to identify early stage…
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