InvestSMART

Kalamazoo Resources Limited (ASX:KZR)

ALERT: Price-sensitive ASX Announcement for KZR
Current share price for KZR : $0.143 0.013 (9.62%)+
Announcement
Release
15 Jun 2026 8:57AM
Price at Release
$0.130
Full Release
download
Summary
Kalamazoo Resources Limited has reported promising high-grade drilling results from their Ashburton Gold Project (AGP), confirming both the continuity and growth potential of the mineral resources at the Mt Olympus site. The results come from a 14,000-meter Resource Definition Drilling Program aimed at enhancing geologic confidence, converting Inferred Resources to Indicated status, and providing inputs for future mining feasibility studies. Encouraging intersections have been found in the initial 16 drill holes, with numerous significant gold intercepts exceeding 50 gram-metres. This supports the company's plans to expand its resource base beyond the existing 1.44 million ounces and transition from exploration to development. These results are part of Kalamazoo's strategy to support a long-life major gold operation at Ashburton.
Key Points
  • High-grade drilling results confirm resource continuity at Ashburton Gold Project.
  • 14,000m Resource Definition Drilling Program nearing completion.
  • Significant intersections in initial 16 drill holes, exceeding 50 gram-metres.
  • Focus on converting Inferred Resources to Indicated category.
  • Targets resource growth beyond current 1.44Moz Au base.
  • Assay results are pending for several deeper drill holes.
  • Updated Mineral Resource Estimate expected by Q4 2026.
  • Ashburton Pre-Feasibility Study on schedule for completion in H1 2027.
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.