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Kalamazoo Resources Limited (ASX:KZR)

ALERT: Price-sensitive ASX Announcement for KZR
Current share price for KZR : $0.125 -0.085 (-40.48%)+
Announcement
Release
30 Jan 2026 3:57PM
Price at Release
$0.210
Full Release
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Summary
The December 2025 Quarterly Activities Report for Kalamazoo Resources Limited highlights significant progress in their Ashburton Gold Project, including the re-optimisation of the Mt Olympus underground resource, which increased potential gold resources. The company is advancing with a Pre-Feasibility Study for the Mt Olympus project, driven by record high gold prices. The Xanadu Gold Project, recently acquired, is part of the Ashburton project expansion, contributing to a total project area of 380.2km². Kalamazoo completed an $8 million placement and commenced a $2 million Share Purchase Plan. Corporate developments include changes in leadership, with Dr. Luke Mortimer stepping down as CEO and Benjamin Ackerman appointed as the Exploration Director. Exploration efforts continue across various projects with a focus on gold and antimony resources.
Key Points
  • Re-optimisation of Mt Olympus underground resource increased to 1.44Mt @ 3.76 g/t Au for 174,500oz.
  • Pre-Feasibility Study commenced for Mt Olympus during high gold prices.
  • Ashburton Gold Project expanded with the acquisition of Xanadu Gold Project.
  • $8 million placement completed and $2 million Share Purchase Plan underway.
  • CEO Dr. Luke Mortimer steps down, Benjamin Ackerman appointed as Exploration Director.
  • Ongoing exploration targeting additional gold and antimony resources.
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.