The figure includes gross exploration costs of $1.2m compared with $449,802 a year ago.

The company said its main activities in the past three months were focused on obtaining the necessary permits to allow exploration to resume on its KSK contract of work and on the Jelai gold project both located in Kalimantan, Indonesia.

It adds: "Of the current period expenditures, $931,751 on the KSK CoW has or will be recovered from Freeport so that the actual net costs were $120,935.

"It is expected that the company's share of exploration costs on both the KSK CoW and the Jelai Gold project will decrease significantly as Freeport funds the KSK CoW costs and Tigers funds the Jelai Gold project costs going forward."

At 9:56am: (LON:KLG) share price was -0.13p at 5.75p

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