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Kalgoorlie Gold Mining Limited ( (AU:KAL) ) has provided an update.
Kalgoorlie Gold Mining Limited is expediting its follow-up reverse circulation (RC) drilling at the Lighthorse gold discovery, with operations scheduled to start in early March 2025. This move follows promising initial drilling results indicating thick, high-grade gold intervals, and aims to explore deeper and more extensive gold systems beneath a supergene gold blanket. Neighboring E79 Gold Mines is also fast-tracking drilling activities to assess potential extensions of this discovery, which highlights a growing interest in the Laverton Tectonic Zone. Shareholder support through the exercise of options has bolstered KalGold’s financial capacity to accelerate its exploration efforts, further enhancing its strategic position in the gold mining sector.
More about Kalgoorlie Gold Mining Limited
Kalgoorlie Gold Mining Limited, trading as KalGold, operates within the gold mining industry, focusing on exploration and development of gold resources. The company’s primary operations are centered around the Pinjin Gold Project in Western Australia, where it seeks to identify and develop substantial gold deposits.
YTD Price Performance: 295.00%
Average Trading Volume: 3,866,056
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$22.94M
For a thorough assessment of KAL stock, go to TipRanks’ Stock Analysis page.
