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Kalamazoo Resources Ltd. ( (AU:KZR) ) has issued an update.
Kalamazoo Resources Ltd reported significant progress on its gold projects in Western Australia and Victoria in its latest quarterly activities report. The company highlighted the Ashburton Gold Project, currently under an Option to Acquire Agreement with De Grey Mining, which could result in a $30 million transaction. Additionally, assay results from metallurgical drilling at Ashburton showed promising gold concentrations, and further drilling programs at the Mallina West Gold Project are underway with government support. Financially, Kalamazoo raised $1.13 million through a share purchase plan and clarified tax implications for its shareholders, indicating a robust approach to both operational advancements and corporate governance.
More about Kalamazoo Resources Ltd.
Kalamazoo Resources Ltd is an Australian exploration company primarily focused on gold and antimony projects. With assets in Western Australia and Victoria, the company aims to discover and develop high-value resource projects, leveraging its strategic locations within prolific mining regions.
YTD Price Performance: 11.43%
Average Trading Volume: 323,351
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$16.03M
For a thorough assessment of KZR stock, go to TipRanks’ Stock Analysis page.