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Kalamazoo Resources Ltd. ( (AU:KZR) ) just unveiled an announcement.
Kalamazoo Resources Ltd. has announced the acquisition of the Xanadu Gold Project from Platina Resources Limited, which includes nine exploration tenements contiguous with its Ashburton Gold Project. This acquisition, along with a newly granted exploration license, expands Kalamazoo’s project area significantly, enhancing its exploration potential. The company is fast-tracking a Scoping Study to determine the optimal development pathway for the Ashburton Gold Project, aiming to leverage the current record high gold prices and reinforce its position as an undervalued gold company.
More about Kalamazoo Resources Ltd.
Kalamazoo Resources Ltd. is a company operating in the gold exploration industry, focusing on increasing its gold inventory and extending the life-of-mine at its Ashburton Gold Project in Western Australia. The company is actively pursuing growth through strategic acquisitions and exploration, aiming to establish a major gold camp in the region.
Average Trading Volume: 762,109
Technical Sentiment Signal: Buy
Current Market Cap: A$29.58M
For detailed information about KZR stock, go to TipRanks’ Stock Analysis page.