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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% | |
53 Neutral | AU$58.33M | -14.60 | -184.34% | ― | ― | 40.17% | |
49 Neutral | AU$38.12M | -13.08 | -19.04% | ― | ― | -4.00% | |
49 Neutral | AU$24.07M | -6.54 | -12.25% | ― | ― | -791.67% | |
48 Neutral | AU$52.15M | -3.43 | -30.19% | ― | ― | 9.01% | |
47 Neutral | AU$36.85M | -110.00 | -2.49% | ― | ― | 37.50% | |
45 Neutral | AU$51.99M | -8.18 | -20.41% | ― | 400.00% | 21.71% |
Kalamazoo Resources Ltd. Corporate Events
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.
Kalamazoo Resources Ltd. announced the issuance of 1,000,000 unquoted options exercisable at $0.248, set to expire on December 4, 2028. This move is part of an employee incentive scheme, indicating the company’s strategy to motivate and retain talent, which could enhance its operational capabilities and industry standing.
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 change in the director’s interest, specifically for Director Paul David Adams. The change involves the acquisition of performance rights by his spouse, Terina Nancy Adams, following shareholder approval at the 2025 Annual General Meeting. This update reflects the company’s ongoing governance and compliance with regulatory requirements, ensuring transparency in the management’s financial interests.
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 announced a change in the director’s interest, specifically concerning Paul David Adams. The change involves the expiration of 1,750,000 unlisted options held indirectly through Makalu Capital Pty Ltd, with no new acquisitions or disposals reported. This adjustment in securities holdings reflects a routine update in the director’s financial interests, with no immediate impact on the company’s operations or market 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.
Kalamazoo Resources Ltd. announced the cessation of 11 million securities due to the expiry of options that were not exercised or converted by the deadline of November 30, 2025. This development may impact the company’s capital structure and could influence investor perceptions and market dynamics as the company adjusts its securities portfolio.
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 the commencement of a diamond drilling program at its Ashburton Gold Project, targeting the down-plunge extensions of mineralization beneath the Mt Olympus Scoping Study pit shell design. This initial phase of drilling, expected to be completed by January 2026, is crucial for the Mt Olympus Pre-Feasibility Study and aims to provide insights for mine development and optimization. The program is part of Kalamazoo’s broader strategy to extend the mine life and explore further resource growth opportunities in the Ashburton–Xanadu project area.
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. announced the cessation of 1,875,000 performance rights due to the expiry of options or other convertible securities without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s future financial strategies.
Kalamazoo Resources Ltd has announced significant exploration and growth potential for its Ashburton Gold Project, with a focus on both brownfields and greenfields opportunities. The company has identified a target portfolio pipeline that could extend mine life and add value beyond the existing Mt Olympus Scoping Study. Recent re-optimisation of the Mt Olympus underground resource has increased the resource estimate, and higher-grade material has been identified, offering opportunities to upgrade inferred resources. The acquisition of the Xanadu Gold Project and the identification of new exploration targets underscore Kalamazoo’s commitment to a multi-year production strategy and long-term resource growth.
Kalamazoo Resources Limited, a company listed on the ASX, has announced a change in the director’s interest notice. Director Benjamin Ackerman has acquired 250,000 fully paid ordinary shares valued at $50,000 through an on-market purchase, marking his first holding of shares in the company. This acquisition may indicate confidence in the company’s future prospects and could potentially impact stakeholder perceptions positively.
Kalamazoo Resources Limited has announced the quotation of 150,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 17, 2025. This move reflects the company’s ongoing efforts to enhance its market presence and operational capabilities, potentially impacting its stakeholders by increasing liquidity and providing more opportunities for investment.
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.