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Kalamazoo Resources Ltd.
(Sydney:KZR)
Kalamazoo Resources Ltd. (KZR) vs. iShares MSCI Australia ETF (EWA)
Kalamazoo Resources Ltd. Business Overview & Revenue Model
Kalamazoo Resources Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.00K | 199.19K | 20.00K | 1.45M | 0.00 | 0.00 |
| Gross Profit | -83.52K | 199.19K | 20.00K | 117.25K | -223.00K | -206.00K |
| EBITDA | -1.88M | -1.24M | -2.43M | -1.58M | -1.21M | -207.00K |
| Net Income | -4.90M | -4.40M | -4.81M | -3.32M | -1.39M | -446.00K |
Balance Sheet | ||||||
| Total Assets | 25.71M | 24.59M | 27.07M | 21.87M | 20.57M | 19.95M |
| Cash, Cash Equivalents and Short-Term Investments | 746.15K | 309.20K | 1.45M | 1.57M | 2.82M | 5.85M |
| Total Debt | 299.38K | 213.03K | 1.29M | 140.85K | 262.34K | 295.89K |
| Total Liabilities | 4.48M | 3.61M | 4.95M | 3.42M | 1.45M | 1.99M |
| Stockholders Equity | 21.23M | 20.99M | 22.11M | 18.45M | 19.12M | 17.96M |
Cash Flow | ||||||
| Free Cash Flow | -3.38M | -3.04M | -3.44M | -4.52M | -5.87M | -7.05M |
| Operating Cash Flow | -2.40M | -1.28M | -1.50M | -1.35M | -1.11M | -1.04M |
| Investing Cash Flow | 1.51M | -1.54M | -12.44M | -2.66M | -4.62M | -2.92M |
| Financing Cash Flow | 493.85K | 1.75M | 13.75M | 2.76M | 2.69M | 901.89K |
Kalamazoo Resources Ltd. Technical Analysis
Kalamazoo Resources Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | AU$28.14M | -84.00 | -2.49% | ― | ― | 37.50% | |
51 Neutral | AU$43.49M | -8.18 | -20.41% | ― | 400.00% | 21.71% | |
47 Neutral | AU$19.95M | ― | -12.25% | ― | ― | -791.67% | |
42 Neutral | AU$29.15M | ― | -19.04% | ― | ― | -4.00% | |
34 Underperform | AU$42.87M | -12.04 | -184.34% | ― | ― | 40.17% | |
31 Underperform | AU$58.21M | ― | -13.37% | ― | ― | 73.17% |
Kalamazoo Resources Ltd. Corporate Events
Kalamazoo Resources Limited has announced the appointment of Benjamin Ackerman as a director, effective November 12, 2025. The initial director’s interest notice indicates that Ackerman currently holds no relevant interests in the company’s securities, either directly or indirectly, and has no interests in any contracts.
Kalamazoo Resources Limited announced that all resolutions were passed at their 2025 Annual General Meeting. The resolutions included the adoption of the Remuneration Report, re-election of a director, approval of a 10% placement facility, re-approval of an employee securities incentive plan, and the increase in total aggregate remuneration for non-executive directors. The successful passing of these resolutions indicates strong shareholder support and positions the company for continued strategic growth.
Kalamazoo Resources Ltd. has announced a proposed issue of securities, specifically 3,000,000 performance rights, with a planned issue date of March 23, 2026. This move is part of the company’s strategic efforts to strengthen its capital structure and support its ongoing operations and growth initiatives, potentially impacting its market positioning and stakeholder interests positively.
Kalamazoo Resources Ltd. has appointed Benjamin Ackerman as the new Exploration Director, bringing over 25 years of experience in gold and copper exploration. This strategic appointment is expected to drive growth for the company, particularly in the Ashburton Gold Project, as it progresses towards development. Mr. Ackerman’s extensive background with Newcrest and Newmont in leading exploration teams across the Asia Pacific region positions him to significantly contribute to Kalamazoo’s resource growth and value creation. The appointment is seen as pivotal for Kalamazoo’s future success, aligning with its ongoing pre-feasibility study and exploration initiatives.
Kalamazoo Resources Ltd. has announced a webinar to discuss a Scoping Study for the Mt Olympus Deposit, part of the Ashburton Gold Project. The study reveals that Mt Olympus is a high-margin gold project with a potential to generate significant cash flow, with an estimated 524,000 ounces of recoverable gold over a 73-month life span at an all-in-sustaining cost of approximately $2,183 per ounce.
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.
Kalamazoo Resources Ltd. has released a Scoping Study for its Mt Olympus Deposit, part of the Ashburton Gold Project, indicating it as a technically robust and high-margin gold project. The study projects a total recoverable gold of approximately 524,000 ounces over a 73-month life-of-mine with an all-in-sustaining cost of $2,183 per ounce. The project anticipates substantial financial upside with higher gold prices, with pre-tax free cash flow potentially reaching $1.396 billion at $6,000 per ounce. The study outlines a low pre-production capital expenditure of $208 million, with a payback period of approximately 23 months. While the study provides a positive outlook, it is based on preliminary assessments and further evaluation is required to confirm the project’s economic viability.
Kalamazoo Resources Ltd. reported a net cash outflow from operating activities of $401,000 for the quarter ending September 2025, primarily due to staff and administrative costs. The company also invested $505,000 in exploration and evaluation activities, while raising $2 million through equity securities, resulting in a net cash inflow from financing activities of $1.912 million. This financial maneuvering indicates a strategic focus on expanding exploration efforts while maintaining financial stability, which could impact the company’s future growth and market positioning.
Kalamazoo Resources Ltd. announced that Northern Star Resources Limited has opted not to acquire Kalamazoo’s Ashburton Gold Project, allowing Kalamazoo to retain full ownership and proceed with a Scoping Study for the Mt Olympus Deposit. The company also reported re-optimizations of the Mt Olympus and West Olympus deposits, consolidating them into a single open pit with significant potential mineable material. Additionally, Kalamazoo acquired the Xanadu Gold Project, expanding its exploration footprint. The company raised approximately $2 million through a share placement to support the Scoping Study and working capital, with directors participating in the placement.
Kalamazoo Resources Ltd. announced an upcoming investor webinar where Executive Chairman Luke Reinehr will discuss the re-optimisation of the Mt Olympus underground resource, which has increased to 1.44 Mt at 3.76 g/t Au for 174,500oz using a conservative gold price. Additionally, the webinar will cover the exploration target beneath the Mt Olympus–West Olympus open pit shell, indicating significant growth potential for the Ashburton Gold Project, with an identified target of 2.0 – 6.0Mt at 2 g/t Au for between 129,000 – 387,000oz.
Kalamazoo Resources Ltd. has announced a significant update to its Mt Olympus Underground Gold Resource, revealing an increase to 1.44 million tonnes at 3.76 g/t gold for 174,500 ounces. Additionally, an underground exploration target beneath the Mt Olympus–West Olympus open pit shell has been identified, indicating potential for 129,000 to 387,000 ounces of gold. This development highlights the project’s growth potential and aligns with the company’s strategy to extend its gold production plan. The company is fast-tracking its open pit scoping study and plans further exploration to enhance its resource base, which could significantly impact its future production profile and stakeholder interests.
Kalamazoo Resources Ltd. announced a proposed issue of 8,000,000 performance rights, with the issue date set for November 13, 2025. This move is part of the company’s strategy to enhance its operational capabilities and strengthen its market position, potentially impacting its stakeholders by increasing the company’s financial flexibility and growth potential.
Kalamazoo Resources Ltd. has announced its upcoming Annual General Meeting, scheduled for November 12, 2025, in Perth, Western Australia. Shareholders are encouraged to participate in the meeting either in person or by proxy, with voting instructions to be submitted by November 10, 2025. The company emphasizes the importance of the Notice of Meeting and encourages shareholders to update their communication preferences to receive electronic notices.
Kalamazoo Resources Limited has announced its Annual General Meeting, which will take place on November 12, 2025, at the offices of BDO Audit Pty Ltd in Perth, Western Australia. The agenda includes the consideration of the company’s Annual Report, the adoption of the Remuneration Report, and the re-election of Director Luke Reinehr. Shareholders are encouraged to participate and vote, with eligibility determined by their registration status as of November 10, 2025.
Kalamazoo Resources Ltd. has announced the issuance of 5,750,000 unquoted options set to expire on October 2, 2028, with an exercise price of $0.21. This move is part of an employee incentive scheme and is not intended for public trading on the ASX, potentially aligning employee interests with long-term company performance and growth.
Kalamazoo Resources Ltd. has announced a change in the director’s interest notice, specifically for Paul David Adams. The change involves the acquisition of 1,666,668 fully paid ordinary shares and 833,334 unlisted options by his spouse, Terina Nancy Adams, as part of a subscription for placement shares and attaching options, approved by shareholders. This adjustment in shareholding reflects a strategic move within the company’s governance structure, potentially impacting its market position and stakeholder interests.
Kalamazoo Resources Ltd. has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the extent to which the company has adhered to the ASX Corporate Governance Council’s recommendations, detailing specific governance practices and any deviations from these guidelines. This disclosure is part of their compliance with ASX listing rules, ensuring transparency and accountability in their corporate governance practices.
Kalamazoo Resources Ltd. has released its annual report for the year ending June 30, 2025. The report provides a comprehensive overview of the company’s financial performance, including statements of profit or loss, financial position, changes in equity, and cash flows. This release is crucial for stakeholders as it offers insights into the company’s financial health and strategic direction, which could impact its market positioning and future operations.
Kalamazoo Resources Ltd. announced the issuance of 2,500,002 unquoted equity securities, specifically options expiring on August 4, 2028, with an exercise price of $0.135. This issuance is part of a previously announced transaction and is not intended to be quoted on the ASX, reflecting the company’s strategic financial maneuvers to potentially strengthen its capital structure.
Kalamazoo Resources Ltd. has announced the issuance of 5,000,004 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code KZR. This move is part of a previously announced transaction, and it is expected to bolster the company’s financial standing and potentially enhance its market position, benefiting stakeholders by increasing liquidity and investment opportunities.
Kalamazoo Resources Ltd. announced that all resolutions presented at their 2025 General Meeting of Shareholders were passed. This includes the ratification of various placement shares and options, as well as the approval of director participation in placements. The successful passing of these resolutions is expected to strengthen the company’s financial position and support its ongoing exploration and development activities, potentially enhancing its competitive standing in the mining sector.
Kalamazoo Resources Ltd. has announced that its 2025 Annual General Meeting will take place on November 12, 2025, in Perth. The company has set a deadline of October 1, 2025, for nominations for director positions. This announcement is part of the company’s ongoing governance and operational planning, potentially impacting its leadership structure and strategic direction.
Platina Resources Limited has decided to divest its interest in the Xanadu Project to Kalamazoo Resources Limited to concentrate on its newly acquired Mt McKenna Gold Project. This strategic move follows multiple drilling programs at Xanadu that did not yield sufficient results to justify further investment. Kalamazoo is expected to benefit from synergies with its Ashburton Project, while Platina focuses on the Mt McKenna Gold Project, which offers significant exploration opportunities due to its location in the Eastern Goldfields. The divestment aligns with Platina’s strategy to prioritize shareholder capital on projects with the greatest potential for meaningful returns.
Kalamazoo Resources Ltd. has announced a proposed issue of 1,250,000 ordinary fully paid securities, with the issuance date set for November 13, 2025. This move is part of the company’s strategic efforts to raise capital, potentially impacting its financial standing and providing opportunities for growth within the competitive mining industry.
Kalamazoo Resources Ltd. has announced the acquisition of the Xanadu Gold Project from Platina Resources Limited, which includes nine exploration tenements contiguous with its Ashburton Gold Project. This acquisition, along with a newly granted exploration license, expands Kalamazoo’s project area significantly, enhancing its exploration potential. The company is fast-tracking a Scoping Study to determine the optimal development pathway for the Ashburton Gold Project, aiming to leverage the current record high gold prices and reinforce its position as an undervalued gold company.
Kalamazoo Resources Ltd. announced the cessation of 6,000,000 securities due to the expiry of options without exercise or conversion as of September 1, 2025. This cessation could impact the company’s capital structure and potentially influence investor perceptions, as it reflects the non-exercise of options which may indicate market sentiment regarding the company’s future prospects.
Kalamazoo Resources Ltd. has announced a General Meeting for its shareholders to be held on 25 September 2025 in Perth, Western Australia. The company is encouraging shareholders to participate in the meeting either in person or by proxy, with voting instructions required by 23 September 2025. The notice of the meeting is available electronically, and shareholders are urged to update their communication preferences to receive future notices via email.
Kalamazoo Resources Limited has announced a general meeting of its shareholders to be held on September 25, 2025, in Perth, Western Australia. The meeting will focus on ratifying the issuance of shares and options as part of their strategic financial activities, which could impact the company’s capital structure and shareholder value.