Why the KGL (ASX:KGL) share price is up 37% this week

The KGL Resources Ltd (ASX: KGL) share price is soaring again today, continuing the strong gains seen throughout the week.

This meteoric rise in the company’s shares comes off the back of yesterday’s announcement that it received a mining management plan approval, which saw its share price rise by 24.53% in one day.

So far today, the miner’s shares have risen another 12.12% to 37 cents. This reflects a significant increase in the KGL share price of more than 37% since the start of the week.

Why has the KGL share price accelerated?

Yesterday, KGL announced the Northern Territory government has given the green light for a mining management plan for the company’s Jervois copper project.

A primary objective of a mining…