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Kalgoorlie Gold Mining Limited (ASX:KAL)

ALERT: Price-sensitive ASX Announcement for KAL
Current share price for KAL : $0.028 -0.01 (-26.32%)+
Announcement
Release
29 Apr 2026 8:54AM
Price at Release
$0.038
Full Release
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Summary
Kalgoorlie Gold Mining Limited reported strong progress in their exploration projects, notably at the Pinjin Gold Project where they completed their first diamond drilling program, confirming gold mineralisation down to a depth of 300 meters at Kirgella Gift and Providence. The company identified new structures that will guide future drilling efforts. With a robust financial position of $2.9 million cash and no debt, KalGold continues its strategic exploration with the goal of increasing its resource base. They spent approximately $808,000 on exploration activities in the quarter, and are advancing multiple drill programs to enhance discovery potential.
Key Points
  • Completion of a diamond drilling program at Kirgella Gift and Providence, confirming gold mineralisation to 300 meters depth.
  • Identification of new north-south trending structures for future deep drill targeting.
  • Ongoing drill programs to accelerate discovery at the Pinjin Gold Project.
  • KalGold's balance sheet shows $2.9 million cash and no debt as of March 31, 2026.
  • Expenditure on exploration activities amounted to approximately $808,000 for the quarter.
  • Kalgoorlie Gold Mining Limited aims to expand its resource base through continuous exploration efforts.
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.