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An update from Kalamazoo Resources Ltd. ( (AU:KZR) ) is now available.
Kalamazoo Resources Ltd. announced that Northern Star Resources Limited has opted not to acquire Kalamazoo’s Ashburton Gold Project, allowing Kalamazoo to retain full ownership and proceed with a Scoping Study for the Mt Olympus Deposit. The company also reported re-optimizations of the Mt Olympus and West Olympus deposits, consolidating them into a single open pit with significant potential mineable material. Additionally, Kalamazoo acquired the Xanadu Gold Project, expanding its exploration footprint. The company raised approximately $2 million through a share placement to support the Scoping Study and working capital, with directors participating in the placement.
More about Kalamazoo Resources Ltd.
Kalamazoo Resources Ltd. operates in the mining industry, focusing primarily on gold exploration and development. The company has several projects in Western Australia and Victoria, including the Ashburton Gold Project and various Victorian gold and antimony exploration prospects.
Average Trading Volume: 1,047,035
Technical Sentiment Signal: Buy
Current Market Cap: A$44.7M
For a thorough assessment of KZR stock, go to TipRanks’ Stock Analysis page.