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Kalgoorlie Gold Mining Limited (ASX:KAL)

ALERT: Price-sensitive ASX Announcement for KAL
Current share price for KAL : $0.020 -0.047 (-70.15%)+
Announcement
Release
28 Oct 2025 8:22AM
Price at Release
$0.067
Full Release
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Summary
Kalgoorlie Gold Mining Limited (ASX: KAL) reported its activities for the quarter ending 30 September 2025, highlighting developments in its Pinjin and Bulong Taurus gold projects. The Pinjin Project, located in the Laverton Tectonic Zone, saw significant progress with aircore drilling extending the Lighthorse prospect's strike extent. A large RC drill program is ongoing to confirm gold mineralization at depth, and a SAM geophysical survey has identified new targets. The Bulong Taurus Project remains a priority, containing the La Mascotte gold deposit with significant inferred resources. The company's cash position was bolstered to $5 million, largely due to proceeds from the exercise of options, and there were no new expenditures on mining production. Corporate activities include discussions for further exploration and potential partnerships due to high gold prices.
Key Points
  • Extended Lighthorse prospect's strike extent through aircore drilling.
  • Ongoing RC drill program at Pinjin to confirm gold mineralization.
  • SAM geophysical survey completed and new targets identified.
  • Bulong Taurus Project contains La Mascotte gold deposit with significant inferred resources.
  • Increased cash position to $5 million without incurring mining production costs.
  • Discussions on exploration and partnerships driven by high gold prices.
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.