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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 100.00K | 199.19K | 20.00K | 1.45M | 0.00 | 0.00 |
| Gross Profit | -69.93K | 199.19K | 20.00K | 117.25K | -223.00K | -206.00K |
| EBITDA | -2.33M | -1.24M | -2.43M | -1.58M | -1.21M | -207.00K |
| Net Income | 1.83M | -4.40M | -4.81M | -3.32M | -1.39M | -446.00K |
Balance Sheet | ||||||
| Total Assets | 27.61M | 24.59M | 27.07M | 21.87M | 20.57M | 19.95M |
| Cash, Cash Equivalents and Short-Term Investments | 223.58K | 309.20K | 1.45M | 1.57M | 2.82M | 5.85M |
| Total Debt | 189.93K | 213.03K | 1.29M | 140.85K | 262.34K | 295.89K |
| Total Liabilities | 823.70K | 3.61M | 4.95M | 3.42M | 1.45M | 1.99M |
| Stockholders Equity | 26.78M | 20.99M | 22.11M | 18.45M | 19.12M | 17.96M |
Cash Flow | ||||||
| Free Cash Flow | -1.24M | -3.04M | -3.44M | -4.52M | -5.87M | -7.05M |
| Operating Cash Flow | -1.24M | -1.28M | -1.50M | -1.35M | -1.11M | -1.04M |
| Investing Cash Flow | -1.91M | -1.54M | -12.44M | -2.66M | -4.62M | -2.92M |
| Financing Cash Flow | 2.62M | 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% | |
47 Neutral | AU$50.42M | -3.39 | -19.84% | ― | ― | -4.00% | |
47 Neutral | AU$45.55M | 3.40 | 7.66% | ― | 400.00% | 21.71% | |
46 Neutral | AU$31.83M | -56.86 | -3.66% | ― | ― | 37.50% | |
45 Neutral | AU$15.65M | -5.12 | -11.87% | ― | ― | -791.67% | |
44 Neutral | AU$24.84M | -1.26 | -18.70% | ― | ― | 9.01% | |
43 Neutral | AU$43.90M | -1.91 | -342.09% | ― | ― | 40.17% |
Kalamazoo Resources Ltd. Corporate Events
Kalamazoo Resources Ltd. has released its half-year financial report for the period ended 31 December 2025, presenting the usual suite of documents including the directors’ report, auditor’s independence declaration, financial statements, notes and the independent auditor’s review. The report signals routine compliance with financial reporting obligations, offering stakeholders a structured view of the company’s performance, financial position, cash flows and governance over the first half of the financial year.
While detailed figures are not disclosed in the excerpt, the inclusion of audited statements and directors’ declarations points to a focus on transparency and regulatory adherence. For investors and other stakeholders, the half-year package provides an opportunity to assess the company’s interim financial health and operational trajectory, pending closer review of the underlying numbers and commentary in the full report.
The most recent analyst rating on (AU:KZR) stock is a Sell with a A$0.18 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Ltd. has notified the market of the cessation of 2,000,000 listed options (code KZRAR) exercisable at $0.21 and originally due to expire on October 2, 2028. The options lapsed on February 27, 2026, after the conditional rights attached to them were not, or could no longer be, satisfied.
The lapse of these options results in a reduction of Kalamazoo’s potential future diluted capital base and removes a tranche of conditional equity from its capital structure. This change may slightly alter dilution expectations for existing shareholders but does not directly affect the company’s current issued shares or immediate cash position.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Ltd. has confirmed that all resolutions put to shareholders at its 25 February 2026 general meeting were passed on a poll, satisfying requirements under the ASX Listing Rules and the Corporations Act. The approvals included ratification of shares issued under the January 2026 placement, the issue of underwriter options, and director performance rights, reinforcing shareholder backing for the company’s recent capital-raising and incentive arrangements.
Resolutions ratifying the January 2026 placement shares under Listing Rules 7.1 and 7.1A received strong support, while the issue of underwriter options and director performance rights also carried comfortably, indicating broad investor alignment with Kalamazoo’s financing and governance strategy. One resolution relating to underwritten SPP shares was withdrawn and therefore not voted on, but the overall outcome consolidates the company’s capacity to manage its capital structure in pursuit of future operational objectives.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources has withdrawn a resolution from its 25 February 2026 general meeting agenda that sought shareholder ratification of an agreement to issue shares under an underwritten Share Purchase Plan. The decision follows the company’s Share Purchase Plan closing significantly oversubscribed, meaning underwriters are no longer required to subscribe for additional shares, while all other meeting resolutions remain unchanged and will proceed as planned.
The oversubscription of the SPP underscores strong investor demand for Kalamazoo’s equity raising and provides the company with enhanced funding certainty without calling on underwriting support. This outcome strengthens the balance sheet on more favorable terms, may be viewed as a vote of confidence in its exploration strategy, and slightly simplifies the governance process for shareholders at the upcoming meeting.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources has issued 1,250,000 new shares as consideration to complete the acquisition of the Xanadu Project, further expanding its asset base through equity rather than cash. The company confirmed that the shares were issued without a prospectus under the Corporations Act disclosure exemptions, and stated it is in compliance with its continuous disclosure and financial reporting obligations, signalling regulatory alignment and transparency for investors.
The notice specifies that there is no excluded information required to be disclosed under the relevant sections of the Corporations Act, implying that Kalamazoo does not hold undisclosed price-sensitive information in relation to this share issue. This formal compliance statement provides assurance to the market that the Xanadu Project transaction and associated capital issuance have been undertaken within the current Australian corporate governance and disclosure framework.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Ltd. has applied for quotation of 1,250,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 10 February 2026. The move modestly increases the company’s quoted share capital, potentially enhancing liquidity in its stock and providing additional flexibility for future corporate or capital management initiatives.
The newly quoted securities form part of a transaction previously notified to the market via an Appendix 3B, indicating that the issuance is consistent with earlier flagged capital actions. While the announcement is procedural in nature, it formalises the listing of these additional shares and confirms their admission to trading for existing and prospective shareholders.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Ltd. has reported a change in director Luke Lincoln Reinehr’s relevant interests, following an on-market acquisition of additional fully paid ordinary shares. The transaction, completed on 6 February 2026 for $21,000.20, raised his indirect holding in the Reinehr Super Fund account by 123,530 shares.
After the purchase, Reinehr’s overall interests comprise a mix of direct and indirect holdings, including millions of fully paid ordinary shares, unlisted options and multiple classes of performance rights. The notice underscores continued director alignment with shareholders through increased equity exposure, which may be viewed positively by the market as a sign of confidence in Kalamazoo’s prospects.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Ltd. has applied to the ASX for quotation of 24,050,156 new fully paid ordinary shares under its code KZR, with an issue date of 6 February 2026. The application formalises the move to have these previously announced securities admitted to trading, expanding the company’s listed share base and potentially enhancing liquidity for existing and new shareholders once the additional stock begins quotation.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources has raised A$4.1 million through an oversubscribed share purchase plan (SPP), after receiving applications totaling about A$8.6 million against a A$2.0 million target and electing to accept A$2.1 million in oversubscriptions. Together with a recently completed A$8.0 million placement at the same issue price of A$0.17 per share, the company has secured A$12.1 million before costs to fund resource delineation and exploration drilling at its Ashburton Gold Project, advance the Mt Olympus pre-feasibility study, support broader exploration activities and bolster working capital. Management said the strong demand, which saw around 21% of shareholders participate and necessitated application scale-backs, underscores investor confidence in fast-tracking the 1.44Moz Ashburton project through an ongoing 2,600m diamond drilling campaign targeting extensions beneath the Mt Olympus open pit, with the new funding enabling expansion of drilling programs via additional rigs on site.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources has completed a drilling program at the Wattle Plains prospect within its Mallina West Gold Project in the Pilbara, Western Australia, comprising five reverse circulation holes and one diamond tail hole. The campaign was designed to test a Hemi-style intrusion-hosted gold target and to follow up a previous high-grade intercept, but the latest best results were relatively modest, with narrow intervals grading up to 0.74 g/t gold. Despite the lack of standout intercepts, the project’s location along the same major shear zone as Northern Star’s world-class Hemi discovery and near the Toweranna prospect underscores its ongoing exploration appeal. Following a detailed review of the results, Kalamazoo plans to further test several geophysical targets within a significant 2.7km by 1km gold-in-soil anomaly, work that is being partially supported by a Western Australian Government co-funded Exploration Incentive Scheme grant, which reduces exploration risk and cost for the company and its stakeholders.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources has reported a substantially enhanced underground mineral resource at the Mt Olympus deposit within its Ashburton Gold Project, with a re‑optimisation delivering 1.44Mt at 3.76 g/t gold for 174,500 ounces outside the existing open‑pit study, and an enlarged exploration target highlighting strong growth potential below the current pit shell. The company has initiated a ~2,600m diamond drilling program to test and infill down‑plunge extents of the resource, commenced a Pre‑Feasibility Study with an external project manager in place, and completed an $8 million placement (with a further $2 million share purchase plan underway) while strengthening its management team, signalling a transition into a development‑focused growth phase for Mt Olympus and the broader Ashburton project during a period of record gold prices.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources reported a net cash outflow of A$340,000 from operating activities for the December 2025 quarter, driven mainly by staff, administration and corporate costs, with no customer receipts reflecting its exploration-stage status. The company also recorded A$745,000 of net investing cash outflows, largely due to A$712,000 in exploration and evaluation spending and A$33,000 on property, plant and equipment, partially offset over the half-year by A$2 million raised from equity issues and option exercises, which lifted its financing cash flows to A$1.906 million and left it with A$1.375 million in cash at the start of the quarter, underscoring its reliance on capital markets to fund ongoing exploration programs.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Ltd has called a General Meeting of shareholders to be held in Perth on 25 February 2026, with shareholders invited to attend in person, by proxy, by attorney or via a corporate representative. In line with Australian corporate law provisions and a broader shift toward digital communications, the company will not mail physical copies of the meeting notice except to investors who have specifically requested hard copies, instead directing shareholders to access meeting materials and lodge proxy votes online or via other electronic channels, while urging them to update their communication preferences to facilitate more efficient, predominantly electronic shareholder engagement.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Limited has called a general meeting of shareholders for 25 February 2026 in Perth, where investors will vote on several capital-related resolutions. The agenda includes ratifying the prior issue of 47,058,824 placement shares issued in January 2026 under Listing Rules 7.1 and 7.1A, approving the issue of 10 million options to underwriters as fees for underwriting the company’s share purchase plan, and ratifying the agreement to issue underwritten SPP shares. These measures are aimed at regularising recent capital raisings within ASX listing requirements, compensating underwriters, and preserving the company’s flexibility to access equity funding, with implications for shareholder dilution and the company’s ongoing funding strategy.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources has begun a Pre-Feasibility Study for the Mt Olympus deposit at its Ashburton Gold Project in Western Australia, marking a move from exploration toward mine development amid strong gold prices. The company has also restarted a ~2,600m diamond drilling campaign, with three of six holes completed to test down-plunge extensions of Indicated and Inferred Resources beneath the current pit shell; results from this program will feed into mine planning and optimisation for the PFS. In a significant leadership change, CEO Luke Mortimer will step down at the end of January 2026 to take a senior overseas role with a major resource company, closing a seven-year tenure during which he helped drive Kalamazoo’s transition toward development.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Limited has updated the terms of its proposed securities purchase plan, advising the market of a revised closing date and confirming the jurisdictions in which eligible shareholders may participate. The offer, made under an ASX-compliant securities purchase plan, forms part of the company’s ongoing capital management strategy and is intended to facilitate additional equity funding from existing investors, potentially strengthening its balance sheet and supporting future exploration or development activities.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources has dispatched its Share Purchase Plan (SPP) offer booklet and personalised application forms electronically to eligible shareholders in Australia, New Zealand, Germany and Switzerland, based on a record date of 23 December 2025. Under the SPP, eligible investors can apply for up to $30,000 of new shares at $0.17 per share, representing a 16.4% discount to the 10-day volume-weighted average price prior to the SPP announcement, with the offer scheduled to close on 30 January 2025. The discount pricing and broad geographic eligibility reflect an effort to strengthen the company’s capital base and support ongoing exploration across its gold and base metals portfolio while giving existing shareholders a preferential opportunity to increase their exposure on favourable terms.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources has confirmed the completion of a private placement of fully paid ordinary shares to sophisticated, professional and institutional investors, raising approximately A$8 million before expenses, and plans to offer a share purchase plan to eligible existing shareholders at the same issue price. The company has issued a cleansing notice confirming that the placement shares were issued without a prospectus under the Corporations Act, that it is compliant with its continuous disclosure and financial reporting obligations, and that this notice also applies to the forthcoming share purchase plan, providing regulatory clarity and facilitating secondary trading for investors.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Ltd has applied to the ASX for quotation of 47,058,824 new fully paid ordinary shares, to be issued on 7 January 2026. The move expands the company’s quoted capital base and signals a fresh injection of equity that could support ongoing exploration and development activities, with implications for shareholder dilution and the company’s financial flexibility in a competitive resources sector.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Ltd has lodged an Appendix 3B with the ASX outlining its intention to issue up to 10 million unquoted options as part of a placement or similar capital-related transaction. The options will be exercisable at A$0.255 and will expire two years from the date of issue, with a proposed issue date of 27 February 2026, signalling a move to strengthen its capital structure and provide additional incentive-based instruments for stakeholders, which may support future funding flexibility and alignment of interests within the company.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Limited has updated its previously announced securities purchase plan, advising the market that it has now arranged underwriting for the Share Purchase Plan (SPP). The move, disclosed in an updated Appendix 3B filing with the ASX, is intended to provide greater certainty over the capital to be raised under the SPP, strengthening the company’s funding position for its ongoing activities and potentially reducing capital-raising risk for existing shareholders and other stakeholders.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources has appointed veteran mining project specialist Adam Garczynski of Project Delivery International as manager of the Mt Olympus Pre-Feasibility Study, a move that completes the team of key consultants and sets a formal PFS start for early January 2026. In parallel, the company has finished the first hole of a 2,600m diamond drilling program at the Ashburton Gold Project, successfully intersecting the target zone below the existing Mt Olympus pit and extending the hole beyond its planned depth; this initial campaign is intended to test and infill down-plunge resource extensions, providing critical inputs for mine design, optimisation and potential mine-life extensions ahead of the full PFS work program through 2026.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Limited has lodged an Appendix 3B with the ASX outlining a proposed issue of new ordinary fully paid shares under a securities purchase plan. The company, which trades under ticker KZR, plans to offer up to 11,764,706 new shares to eligible shareholders, with a record date of 23 December 2025, the offer scheduled to close on 23 January 2026, and the new securities expected to be issued on 2 February 2026, signalling a move to strengthen its capital base and broaden shareholder participation.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Limited has announced a proposed placement of up to 47,058,824 new fully paid ordinary shares, with an expected issue date of 7 January 2026. The equity raising, disclosed via an Appendix 3B filing to the ASX, signals the company’s intention to bolster its capital base, which may support ongoing operations or growth initiatives and could result in share dilution for existing investors while potentially strengthening its financial position for future activities.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources has secured firm commitments for an $8 million share placement at $0.17 per share and launched a share purchase plan aimed at raising a further $2 million on the same terms, together targeting total proceeds of $10 million. The capital raising, supported by new and existing investors, will fund resource delineation and exploration drilling, progression of the Mt Olympus pre-feasibility study, additional exploration activities and general working capital, reinforcing Kalamazoo’s ongoing project development efforts and strengthening its financial position for its next phase of growth.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
Kalamazoo Resources Limited has requested and been granted a trading halt on its securities on the ASX as it prepares to release an announcement related to a capital raising. The halt will remain in place until either the capital raising announcement is made or normal trading commences on 24 December 2025, signalling that the company is moving to secure additional funding that could support its exploration and development plans and potentially alter its capital structure and investor positioning.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.