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Kalgoorlie Gold Mining Limited ( (AU:KAL) ) has issued an announcement.
Kalgoorlie Gold Mining Limited has retracted a statement from its investor presentation following a request from the ASX. The company had previously suggested the potential discovery of significant gold deposits in the south, a claim now deemed to lack a reasonable basis. This retraction may impact investor perceptions and the company’s credibility, highlighting the importance of substantiated claims in investor communications.
More about Kalgoorlie Gold Mining Limited
Kalgoorlie Gold Mining Limited operates in the mining industry, focusing on the exploration and development of gold deposits. The company is engaged in discovering and testing key gold-mineralizing structures, particularly in the Pinjin region, with a strategic interest in identifying large-scale gold deposits.
Average Trading Volume: 1,402,805
Technical Sentiment Signal: Buy
Current Market Cap: A$26.87M
For detailed information about KAL stock, go to TipRanks’ Stock Analysis page.