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Kalamazoo Resources Burns Cash on Exploration as Equity Raising Underpins Liquidity

Story Highlights
  • Kalamazoo Resources remains a pre-revenue explorer, with quarterly operating cash outflows led by staff and corporate costs.
  • Heavy exploration and capital spending drove investing cash outflows, while recent equity raisings remain crucial to funding operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kalamazoo Resources Burns Cash on Exploration as Equity Raising Underpins Liquidity

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Kalamazoo Resources Ltd. ( (AU:KZR) ) has issued an announcement.

Kalamazoo Resources reported a net cash outflow of A$340,000 from operating activities for the December 2025 quarter, driven mainly by staff, administration and corporate costs, with no customer receipts reflecting its exploration-stage status. The company also recorded A$745,000 of net investing cash outflows, largely due to A$712,000 in exploration and evaluation spending and A$33,000 on property, plant and equipment, partially offset over the half-year by A$2 million raised from equity issues and option exercises, which lifted its financing cash flows to A$1.906 million and left it with A$1.375 million in cash at the start of the quarter, underscoring its reliance on capital markets to fund ongoing exploration programs.

The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.24 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 Ltd is an Australian mining exploration company focused on early-stage exploration and evaluation activities, rather than production, within the resources sector. The company’s expenditure profile and lack of receipts from customers indicate it is pre-revenue and primarily invests in advancing its exploration tenements and associated infrastructure.

Average Trading Volume: 873,294

Technical Sentiment Signal: Buy

Current Market Cap: A$66.43M

See more insights into KZR stock on TipRanks’ Stock Analysis page.

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