Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Kalamazoo Resources Ltd. ( (AU:KZR) ).
Kalamazoo Resources Ltd. has released a Scoping Study for its Mt Olympus Deposit, part of the Ashburton Gold Project, indicating it as a technically robust and high-margin gold project. The study projects a total recoverable gold of approximately 524,000 ounces over a 73-month life-of-mine with an all-in-sustaining cost of $2,183 per ounce. The project anticipates substantial financial upside with higher gold prices, with pre-tax free cash flow potentially reaching $1.396 billion at $6,000 per ounce. The study outlines a low pre-production capital expenditure of $208 million, with a payback period of approximately 23 months. While the study provides a positive outlook, it is based on preliminary assessments and further evaluation is required to confirm the project’s economic viability.
More about Kalamazoo Resources Ltd.
Kalamazoo Resources Ltd. operates in the mining industry, focusing on gold exploration and development projects. The company is primarily involved in the Ashburton Gold Project located in the Pilbara region of Western Australia, aiming to develop high-margin gold projects.
Average Trading Volume: 816,918
Technical Sentiment Signal: Buy
Current Market Cap: A$44.7M
For detailed information about KZR stock, go to TipRanks’ Stock Analysis page.