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Kalgoorlie Gold Mining Limited (ASX:KAL)

ALERT: Price-sensitive ASX Announcement for KAL
Current share price for KAL : $0.026 -0.014 (-35%)+
Announcement
Release
30 Jul 2025 9:38AM
Price at Release
$0.040
Full Release
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Summary
Kalgoorlie Gold Mining Limited (KAL) released its Quarterly Activities and Appendix 5B Cash Flow Report for the period ending 31 March 2024. The company reported significant progress with its exploration activities, particularly at the Bulong Taurus Project, where a new gold discovery was identified at the La Mascotte prospect. Drilling confirmed high-grade gold mineralization, and further step-out drilling is planned. The company also reported completion of a soil geochemistry program and positive gold-in-soil anomalies at its Pinjin and Zelica projects. Cash flow analysis indicated prudent management of funds, with a focus on sustaining exploration while maintaining a strong cash position. KAL continues to pursue additional opportunities within its project portfolio, emphasizing value creation through exploration and discovery.
Key Points
  • New gold discovery at La Mascotte prospect within the Bulong Taurus Project.
  • Drilling confirms high-grade gold mineralization and further drilling planned.
  • Completion of an extensive soil geochemistry program at Pinjin and Zelica projects, identifying gold-in-soil anomalies.
  • Strong commitment to ongoing exploration activities across KAL's portfolio.
  • Prudent cash flow management and strong cash position maintained.
  • Focus on value creation through discovery and exploration of new targets.
  • Board and management actively monitoring opportunities to enhance shareholder value.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.