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Kalgoorlie Gold Mining Limited (KAL) AI Stock Analysis

AU:KAL

Kalgoorlie Gold Mining Limited

(ASX:KAL)

Select Model
Rating:41.2Neutral
Price Target:AUD 0.02â–¼(-5.56% Downside)
Action:reiterated
Date:09/30/26

The overall score is driven primarily by very weak underlying financial performance, with negligible revenue, persistent losses and negative cash flows, mitigated only partially by a low-debt, asset-backed balance sheet. Secondary factors modestly influence the result: technicals point to a continuing downtrend with mildly bearish but not extreme momentum, and valuation remains speculative given negative earnings and no dividend support, offering limited offset to the fundamental risks.

Positive Factors
Very Low LeverageDebt of only about A$133k against A$17.1m of equity leaves the company lightly geared. That reduces near-term solvency pressure and preserves financial flexibility while it funds exploration and development, although it does not offset the current lack of profitability.
Negative Factors
No Meaningful RevenueRevenue fell from A$26k in 2025 to A$0 in 2026, while the company remains described as early-stage or pre-revenue. Without meaningful sales, the business lacks demonstrated operating scale and cannot presently rely on customer revenue to fund its activities.

Kalgoorlie Gold Mining Limited (KAL) vs. iShares MSCI Australia ETF (EWA)

-80%-60%-40%-20%0%20%AU:KAL-70.49%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 7.75M
Dividend Yield
―
Average Volume (3M)
1.19M
Price to Earnings (P/E)
-4.6
Beta (1Y)
0.59
Revenue Growth
―
EPS Growth
32.76%
Country
Australia
Employees
0
Sector
Basic Materials
Sector Strength
61
Industry
Gold

Kalgoorlie Gold Mining Limited Business Overview & Revenue Model

Company Description

Kalgoorlie Gold Mining Limited operates as a mineral exploration firm, focusing on the acquisition, investigation, and development of resource projects across the Kalgoorlie region of Western Australia. Its activities are primarily directed towards u...

How the Company Makes Money

Kalgoorlie Gold Mining Limited primarily makes money by producing and selling gold. Its main revenue stream is generated when mined ore is processed to produce gold (for example as doré or refined product) that is then sold to third-party buyers (suc...

Kalgoorlie Gold Mining Limited Financial Statement Overview

Summary

Financial performance is very weak: negligible revenue, structural net losses (around A$1.7m in 2026 and larger in prior years), deeply negative margins, and persistently negative operating and free cash flows, partly offset by a low-debt, asset-backed balance sheet that provides some resilience.

Income Statement

18Very Negative

Balance Sheet

62Positive

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue0026.19K9,476480
Gross Profit-76.50K-76.50K26.19K-74.72K-74.73K-22.12K
EBITDA-1.27M-1.27M-1.37M-7.43M-884.58K-777.75K
Net Income-1.69M-1.69M-1.67M-7.51M-959.36K-799.87K
Balance Sheet
Total Assets17.91M17.91M16.75M10.73M16.73M17.19M
Cash, Cash Equivalents and Short-Term Investments1.81M1.81M3.79M603.18K1.45M3.66M
Total Debt133.24K133.24K194.80K134.18K68.08K99.95K
Total Liabilities816.10K816.10K579.57K372.73K364.42K531.20K
Stockholders Equity17.09M17.09M16.17M10.35M16.36M16.66M
Cash Flow
Free Cash Flow-1.53M-1.53M-4.67M-2.21M-2.83M-3.29M
Operating Cash Flow-1.43M-1.43M-954.85K-788.43K-926.42K-466.51K
Investing Cash Flow-2.87M-2.87M-3.71M-1.42M-1.91M-2.82M
Financing Cash Flow2.32M2.32M7.85M1.36M624.78K6.95M

Kalgoorlie Gold Mining Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.02

Price Trends

50DMA0.02Negative
100DMA0.02Negative
200DMA0.03Negative

Market Momentum

MACD-0.00Negative
RSI44.14Neutral
STOCH100.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KAL, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 44.14 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:KAL.

Kalgoorlie Gold Mining Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:KAL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
AU:E79AU:E7952NeutralAUD 9.55M-2.67-30.14%――36.31%
AU:HMGAU:HMG52NeutralAUD 46.23M-22.02-9.39%――80.82%
AU:PGDAU:PGD43NeutralAUD 13.09M-3.17-55.21%―-100.00%-8.36%
AU:KALAU:KAL41NeutralAUD 11.27M-4.62-9.75%――32.76%
AU:FG1AU:FG141NeutralAUD 8.50M-1.48-201.09%――41.73%
AU:ICLAU:ICL40UnderperformAUD 7.49M-0.73-31.65%――-118.69%

* Basic Materials Sector Average

Performance Comparison

0%100%200%AU:KALAU:ICLAU:E79AU:HMGAU:FG1AU:PGDDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:KAL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:KALKalgoorlie Gold Mining Limited0.02-0.04-70.97%
AU:ICLIceni Gold Ltd.0.02-0.04-71.67%
AU:E79E79 Gold Mines Limited0.030.008.00%
AU:HMGHamelin Gold Limited0.180.10131.25%
AU:FG1Flynn Gold Ltd.0.01-0.01-50.00%
AU:PGDPeregrine Gold Ltd.0.12-0.17-58.93%

Kalgoorlie Gold Mining Limited Corporate Events

Kalgoorlie Gold Mining Sets November Date for In-Person AGM

Oct 29, 2026

Kalgoorlie Gold Mining Limited has scheduled its 2026 Annual General Meeting for 3:00pm AWST on Monday, 30 November 2026, to be held in person at Suite 2, 1209 Hay Street, West Perth, Western Australia. Shareholders can access the notice of meeting,...

Kalgoorlie Gold Mining boosts Pinjin exploration with high-grade hits and fresh funding

Oct 29, 2026

Kalgoorlie Gold Mining Limited reported a busy September quarter marked by extensive drilling at its flagship Pinjin Gold Project in Western Australia’s Laverton Tectonic Zone. The company’s exploration focus remains on expanding gold min...

Kalgoorlie Gold Mining Director Lifts Stake Through Entitlements Offer

Oct 14, 2026

Kalgoorlie Gold Mining Limited has disclosed a change in director Matthew Painter’s interests following his participation, and that of a related party, in a recent entitlements offer. The director’s combined direct and indirect ordinary s...

Kalgoorlie Gold Mining Targets Major WA Discovery with Science-Led Exploration

Oct 14, 2026

Kalgoorlie Gold Mining Limited has outlined its strategy to pursue a major gold discovery in Western Australia’s Eastern Goldfields, supported by an anticipated A$3.2 million in exploration funding and a market capitalisation of A$10.5 million....

Kalgoorlie Gold Mining fast-tracks dual drilling campaigns at Pinjin

Oct 13, 2026

Kalgoorlie Gold Mining has accelerated exploration at its Pinjin Gold Project, launching a follow-up Reverse Circulation drilling campaign at the Lighthorse prospect to probe high-grade gold mineralisation at depth. The program, comprising up to 22 h...

Kalgoorlie Gold Mining Seeks ASX Quotation for 56.9 Million New Shares

Oct 12, 2026

Kalgoorlie Gold Mining Limited has applied for quotation of 56,935,822 ordinary fully paid shares on the ASX, formalising the listing of these securities under its issuer code KAL. The application, lodged as a new announcement on 13 October 2026, ref...

Kalgoorlie Gold Mining secures A$1.14m to accelerate WA gold exploration

Oct 11, 2026

Kalgoorlie Gold Mining Limited has completed a fully underwritten 1-for-10 pro-rata non-renounceable entitlement offer, raising a total of about A$1.14 million. Shareholders subscribed for approximately A$314,000 in new shares, with the remaining sho...

Kalgoorlie Gold Mining Defines Multiple Gold Targets at Laverton Tectonic Zone Flexure

Oct 4, 2026

Kalgoorlie Gold Mining has reported widespread gold anomalism from its first aircore drilling program over the Laverton Tectonic Zone Flexure at the Pinjin Gold Project in Western Australia, completing 225 holes for 7,212 metres. The work has defined...

Kalgoorlie Gold Mining Lodges Updated ASX Corporate Governance Statement

Sep 29, 2026

Kalgoorlie Gold Mining Limited has lodged its updated corporate governance statement for the financial year ended 30 June 2026, confirming compliance with key ASX Corporate Governance Council principles. The statement, approved by the board and suppo...

Kalgoorlie Gold Mining Sets Out Governance Framework in 2026 Annual Report

Sep 29, 2026

Kalgoorlie Gold Mining Limited has outlined its corporate directory in its 2026 annual report, detailing board composition, company secretary, registered office and key service providers such as auditor and share registry. The disclosure reinforces t...

Kalgoorlie Gold Mining Launches Underwritten Entitlement Offer to Raise A$1.1 Million

Sep 23, 2026

Kalgoorlie Gold Mining Limited has launched a fully underwritten 1-for-10 pro-rata non-renounceable entitlement offer at $0.02 per new share to raise approximately A$1.1 million from existing shareholders in Australia and New Zealand. The company has...

Kalgoorlie Gold Mining Raises $3.4m, Limits Offer to Local Shareholders

Sep 23, 2026

Kalgoorlie Gold Mining Limited has launched a $3.4 million capital raising, comprising a $2.3 million placement to institutional and sophisticated investors and a fully underwritten non-renounceable entitlement offer to raise about $1.1 million at $0...

Kalgoorlie Gold Mining Launches $3.4m Equity Raising to Fund Pinjin Exploration

Sep 23, 2026

Kalgoorlie Gold Mining Limited has launched a $3.4 million equity raising that combines a $2.3 million placement to institutional and sophisticated investors with a fully underwritten, pro rata non-renounceable entitlement offer to existing sharehold...

Kalgoorlie Gold Mining launches A$1.1m entitlement offer at 2 cents a share

Sep 23, 2026

Kalgoorlie Gold Mining Limited has launched a 1-for-10 non-renounceable pro rata entitlement offer, giving eligible shareholders the opportunity to subscribe for new shares at A$0.02 each to raise about A$1.1 million before costs. The offer, underwri...

Kalgoorlie Gold Mining Expands Share Capital with ASX Quotation Notice

Sep 18, 2026

Kalgoorlie Gold Mining Limited has applied for quotation on the ASX of 113,500,000 new fully paid ordinary shares, expanding its issued capital base in support of its ongoing activities. The company confirmed that these shares were issued without a p...

Kalgoorlie Gold Mining Seeks ASX Quotation for 113.5m New Shares

Sep 17, 2026

Kalgoorlie Gold Mining Limited has applied to the ASX for quotation of 113,500,000 ordinary fully paid shares under its issuer code KAL. The securities are scheduled for issue on September 18, 2026, marking a significant capital event that may broade...

Kalgoorlie Gold Mining Launches $3.4 Million Capital Raising

Sep 14, 2026

Kalgoorlie Gold Mining Limited has announced a capital raising of approximately $3.4 million, comprising a $2.3 million placement of new shares to institutional and sophisticated investors and a fully underwritten non-renounceable pro-rata entitlemen...

KalGold Launches Entitlement Offer to Fund Gold Exploration

Sep 14, 2026

KalGold has released an investor presentation outlining details of a proposed equity raising via a pro‑rata non‑renounceable entitlement offer of new fully paid ordinary shares to eligible shareholders. Participants who take up their full...

Kalgoorlie Gold Mining Corrects Issue Date on Planned Securities Offer

Sep 14, 2026

Kalgoorlie Gold Mining Limited has lodged an updated notice with the ASX concerning a proposed non-renounceable pro rata securities issue. The filing corrects the previously stated issue date in an earlier Appendix 3B, aligning the documentation with...

Kalgoorlie Gold Mining Seeks ASX Trading Halt Ahead of Capital Raising

Sep 10, 2026

Kalgoorlie Gold Mining Limited has requested a trading halt in its ordinary shares on the ASX, effective immediately, while it considers, plans and executes a capital raising. The halt will remain in place until either normal trading resumes on Monda...

Kalgoorlie Gold Mining hits highest grades yet at Lighthorse prospect

Sep 1, 2026

Kalgoorlie Gold Mining has reported strong reverse circulation drilling results from its Lighthorse prospect in the Pinjin area, north-west of its Kirgella Gift and Providence deposits. The latest 19-hole, 3,194-metre program delivered the highest-gr...

Kalgoorlie Gold Mining completes Lighthorse drilling, prepares next Pinjin campaign

Aug 19, 2026

Kalgoorlie Gold Mining has completed a reverse circulation drilling campaign at the Lighthorse prospect within its Pinjin Gold Project, 140 kilometres north‑east of Kalgoorlie‑Boulder. The program comprised 19 holes totalling 3,194 metres...

Kalgoorlie Gold Mining Secures Heritage Agreement for Key WA Gold Projects

Aug 18, 2026

Kalgoorlie Gold Mining Limited has signed a comprehensive Heritage Protection Agreement with the Kakarra Aboriginal Corporation over Kakarra Country, covering its Pinjin and Bulong Taurus gold projects in Western Australia. The deal balances protecti...

Kalgoorlie Gold Mining completes cost-efficient aircore drilling at Pinjin’s LTZ Flexure

Aug 13, 2026

Kalgoorlie Gold Mining has completed its largest aircore drilling program to date over the Laverton Tectonic Zone Flexure target at the Pinjin Gold Project, testing multiple geophysical and structural gold targets about 3.5 kilometres south-east of t...

Kalgoorlie Gold Mining extends Pinjin gold mineralisation with new drilling

Aug 3, 2026

Kalgoorlie Gold Mining has reported new reverse circulation drilling results from its Kirgella Gift and Providence deposits at the Pinjin Gold project, completing 21 holes for 3,702 metres. The program intersected broad zones of shallow, shear-hosted...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 30, 2026