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Kalgoorlie Gold Mining Limited ( (AU:KAL) ) has issued an update.
Kalgoorlie Gold Mining Limited has announced a significant gold discovery at its Pinjin site, named ‘Lighthorse’. The discovery reveals thick and high-grade gold mineralization, indicating a large primary gold system. This discovery is strategically located near other gold deposits and projects, enhancing the region’s reputation as a hot spot for gold exploration and development. The company plans to fast-track a follow-up drill program to further explore the extent of this mineralization, potentially impacting its growth and positioning in the industry.
More about Kalgoorlie Gold Mining Limited
Kalgoorlie Gold Mining Limited operates within the gold mining industry, focusing on exploration and development of gold resources. The company’s market focus includes the Eastern Goldfields region of Western Australia, where it holds a strategic footprint for gold discovery and development.
YTD Price Performance: -5.00%
Average Trading Volume: 601,254
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.19M
For a thorough assessment of KAL stock, go to TipRanks’ Stock Analysis page.
