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Kalamazoo Resources Ltd. ( (AU:KZR) ) just unveiled an announcement.
Kalamazoo Resources Ltd. has released a scoping study for its Ashburton Gold Project, highlighting it as a significant gold development in Australia. The study outlines a high-margin project with a pre-tax NPV of $423 million and an IRR of 47%, with a payback period of 1.9 years. The project requires low capital expenditure of $208 million and boasts a strong NPV/Capex ratio of 2.0x. The study also notes high confidence in production with 83% of resources indicated, and potential underground upside not yet included. The project is located in a tier 1 jurisdiction, enhancing its attractiveness to investors.
More about Kalamazoo Resources Ltd.
Kalamazoo Resources Ltd. operates in the mining industry, focusing on gold exploration and development projects in Australia. The company is known for its high-margin, long-life gold projects, particularly in the Pilbara region.
Average Trading Volume: 816,918
Technical Sentiment Signal: Buy
Current Market Cap: A$44.7M
Find detailed analytics on KZR stock on TipRanks’ Stock Analysis page.