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An announcement from Kalamazoo Resources Ltd. ( (AU:KZR) ) is now available.
Kalamazoo Resources has begun a Pre-Feasibility Study for the Mt Olympus deposit at its Ashburton Gold Project in Western Australia, marking a move from exploration toward mine development amid strong gold prices. The company has also restarted a ~2,600m diamond drilling campaign, with three of six holes completed to test down-plunge extensions of Indicated and Inferred Resources beneath the current pit shell; results from this program will feed into mine planning and optimisation for the PFS. In a significant leadership change, CEO Luke Mortimer will step down at the end of January 2026 to take a senior overseas role with a major resource company, closing a seven-year tenure during which he helped drive Kalamazoo’s transition toward development.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
More about Kalamazoo Resources Ltd.
Kalamazoo Resources Limited is an Australian gold company focused on advancing its 100%-owned Ashburton Gold Project in the Pilbara region of Western Australia. The company has historically been a gold explorer and is positioning itself as an emerging gold developer, centred on the 1.44Moz Mt Olympus deposit within the Ashburton project area.
Average Trading Volume: 788,543
Technical Sentiment Signal: Buy
Current Market Cap: A$54.88M
See more insights into KZR stock on TipRanks’ Stock Analysis page.