Kalamazoo Resources Ltd. (AU:KZR)
ASX:KZR
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Kalamazoo Resources Ltd.
(Sydney:KZR)
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Rating:46Neutral
Price Target:
AU$0.14
â–Ľ(-27.89% Downside)
Action:ReiteratedDate:03/28/26
The score is driven primarily by weak financial quality (ongoing losses and cash flow challenges despite strong revenue growth) and bearish technicals (price below major moving averages with negative MACD). Valuation is a partial offset due to the low P/E, but it is not enough to overcome the fundamental and momentum risks.
Positive Factors
Revenue Growth
A near 900% revenue increase signals material progress in exploration or transactional activity that expands the company’s asset base. Sustained top-line expansion improves ability to attract JV partners or farm-outs, strengthening long-term project funding and optionality.
Negative Factors
Negative Profitability
Persistent negative EBIT and net margins erode shareholder equity and limit internal funding for projects. Without a path to sustained operating profitability, the company must rely on external capital or asset sales, making long-term value creation contingent on exploration success or transactional exits.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A near 900% revenue increase signals material progress in exploration or transactional activity that expands the company’s asset base. Sustained top-line expansion improves ability to attract JV partners or farm-outs, strengthening long-term project funding and optionality.
Read all positive factors
Kalamazoo Resources Ltd. (KZR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$43.98M
Dividend YieldN/A
Average Volume (3M)822.08K
Price to Earnings (P/E)3.4
Beta (1Y)2.37
Revenue Growth400.00%
EPS Growth21.71%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.01
Shares Outstanding314,124,730
10 Day Avg. Volume1,063,106
30 Day Avg. Volume822,084
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.86
Price to Sales (P/S)90.76
P/FCF Ratio-5.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kalamazoo Resources Ltd. Business Overview & Revenue Model
Company Description
Kalamazoo Resources Limited explores for and develops gold and base metal properties in Australia. The company also explores for nickel and cobalt deposits. It holds interests in the Castlemaine project that consists of three exploration licenses ...
How the Company Makes Money
KZR does not have publicly available evidence of material recurring operating revenue from mining production. Its economic model is typically driven by (1) raising capital from investors (e.g., equity placements/rights issues) to fund exploration ...
Kalamazoo Resources Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| 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
Negative
0.19
Price Trends
0.17
Negative
0.18
Negative
0.16
Negative
Market Momentum
>-0.01
Negative
46.54
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KZR, the sentiment is Negative. The current price of 0.19 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.17, and above the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.54 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:KZR.
Kalamazoo Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
46 Neutral | AU$43.98M | 3.40 | 7.66% | ― | 400.00% | 21.71% | |
46 Neutral | AU$31.83M | -30.22 | -4.96% | ― | ― | 37.50% | |
45 Neutral | AU$53.69M | -3.39 | -35.89% | ― | ― | -4.00% | |
44 Neutral | AU$24.84M | -1.26 | -18.70% | ― | ― | 9.01% | |
43 Neutral | AU$13.45M | -17.16 | -7.27% | ― | ― | -791.67% | |
42 Neutral | AU$49.99M | -1.91 | -342.09% | ― | ― | 40.17% |
* Basic Materials Sector Average
AU:KZR
Kalamazoo Resources Ltd.
0.14
0.06
81.82%
AU:ODY
Odyssey Gold Limited
0.04
0.02
123.53%
AU:ICL
Iceni Gold Ltd.
0.03
-0.04
-51.43%
AU:IR1
Iris Metals Limited
0.10
-0.06
-37.50%
AU:HAW
Hawthorn Resources Limited
0.10
0.05
126.19%
AU:WGR
Western Gold Resources Ltd.
0.17
0.11
183.33%
Kalamazoo Resources Ltd. Corporate Events
Kalamazoo Director Increases Equity Stake with On-Market Share Purchase
Apr 8, 2026
Kalamazoo Resources Ltd. has reported a change in director Benjamin Ackerman’s holdings, with his direct stake increasing through an on-market purchase. Ackerman acquired 370,000 fully paid ordinary shares for $49,950, lifting his direct sha...
Kalamazoo starts 14,000m infill drilling to advance Mt Olympus PFS
Mar 23, 2026
Kalamazoo Resources has launched a major ~14,000-metre infill drilling campaign at its Mt Olympus deposit within the Ashburton Gold Project in Western Australia, with reverse circulation drilling underway and diamond drilling to follow. The progra...
Kalamazoo’s Ashburton drilling extends Mt Olympus gold mineralisation
Mar 22, 2026
Kalamazoo Resources has reported strong initial assay results from its Phase 1 growth diamond drilling program at the Mt Olympus deposit within the Ashburton Gold Project in Western Australia. The campaign, aimed at extending mineralisation below ...
Kalamazoo Resources Issues 10 Million Unquoted Options at $0.255
Mar 18, 2026
Kalamazoo Resources has notified the market of the issuance of 10,000,000 unquoted options exercisable at $0.255, with a two-year expiry from the date of issue on March 18, 2026. These options form part of a previously announced transaction and ar...
Kalamazoo Resources Issues New Performance Rights to Director
Mar 18, 2026
Kalamazoo Resources has disclosed a change in director Benjamin Ackerman’s interests following the issue of new performance rights. Ackerman, who previously held 373,530 fully paid ordinary shares directly, has now been granted 600,000 Class...
Kalamazoo Resources Issues 3 Million Unquoted Performance Rights
Mar 18, 2026
Kalamazoo Resources Ltd. has notified the market of the issue of 3,000,000 unquoted performance rights under the ASX code KZRAS, effective 18 March 2026. These securities form part of a previously announced transaction structure and are not intend...
Kalamazoo Resources Issues Half-Year Financial Report for December 2025
Mar 12, 2026
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 statemen...
Kalamazoo Resources Options Lapse Alters Future Dilution Profile
Feb 27, 2026
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 ...
Kalamazoo Resources Wins Shareholder Backing for Capital Moves at General Meeting
Feb 25, 2026
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 rat...
Kalamazoo Withdraws Underwriting Resolution After Oversubscribed Share Purchase Plan
Feb 20, 2026
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’...
Kalamazoo Issues Shares to Complete Xanadu Project Acquisition
Feb 10, 2026
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 p...
Kalamazoo Resources Seeks ASX Quotation for 1.25 Million New Shares
Feb 10, 2026
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, pot...
Kalamazoo Director Increases Indirect Shareholding in On-Market Purchase
Feb 10, 2026
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, ...
Kalamazoo Seeks ASX Quotation for 24 Million New Shares
Feb 6, 2026
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...
Kalamazoo Secures $12.1m to Fast-Track Drilling at Ashburton Gold Project
Feb 6, 2026
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. T...
Kalamazoo Advances Mallina West Drilling Near Hemi Gold District
Jan 30, 2026
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 design...
Kalamazoo Resources Ramps Up Mt Olympus Development With Resource Upgrade and PFS Launch
Jan 30, 2026
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 exis...
Kalamazoo Resources Burns Cash on Exploration as Equity Raising Underpins Liquidity
Jan 30, 2026
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. Th...
Kalamazoo Resources Moves Shareholder Meeting and Communications Further Online
Jan 23, 2026
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...
Kalamazoo Calls February 2026 General Meeting to Ratify Capital Raisings and Underwriter Options
Jan 23, 2026
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 ...
Kalamazoo Launches Mt Olympus Pre-Feasibility Study as CEO Prepares to Depart
Jan 14, 2026
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 ...
Kalamazoo Resources Updates Terms of Securities Purchase Plan
Jan 9, 2026
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...
Kalamazoo Launches Discounted Share Purchase Plan for Eligible Investors
Jan 9, 2026
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 202...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.