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Kalamazoo Resources Ltd. ( (AU:KZR) ) has shared an update.
Kalamazoo Resources Ltd. announced that Northern Star Resources Limited has opted not to execute the Option Agreement for the Ashburton Gold Project, allowing Kalamazoo to retain full ownership. The company is now conducting a Scoping Study to explore development options for the Mt Olympus Deposit, aided by favorable gold prices. Additionally, Kalamazoo is renewing its focus on Central Victorian gold and antimony projects, driven by increased interest and high market prices. The company also raised $2.0 million through a share placement to support its ongoing projects.
More about Kalamazoo Resources Ltd.
Kalamazoo Resources Ltd. is a company operating in the mining industry, focusing on gold and antimony exploration and development. The company has projects located in Western Australia and Victoria, with a market emphasis on leveraging high gold and antimony prices.
Average Trading Volume: 479,016
Technical Sentiment Signal: Buy
Current Market Cap: A$19.75M
See more insights into KZR stock on TipRanks’ Stock Analysis page.