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Kalgoorlie Gold Mining Limited (ASX:KAL)

ALERT: Price-sensitive ASX Announcement for KAL
Current share price for KAL : $0.028 -0.016 (-36.36%)+
Announcement
Release
3 Oct 2025 8:31AM
Price at Release
$0.044
Full Release
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Summary
Kalgoorlie Gold Mining Limited (ASX: KAL), also known as KalGold, has announced the successful exercise of KALOPT7 options by shareholders, resulting in an inflow of $2.3 million. This capital will be used to expand exploration programs at the Pinjin Gold Project, a significant site located approximately 140 km northeast of Kalgoorlie Boulder within the Laverton Tectonic Zone. The company is well-positioned with $5 million in cash reserves to accelerate exploration and discovery efforts in this prolific gold mining region. The uptake of options indicated strong support from both private and institutional investors, with all options held by the company's directors also being exercised. The exercise of these options, which were prompted by the looming expiry of the right to $0.06 bonus options, has generated over $3.4 million since their issue, further boosting KalGold's exploration capabilities.
Key Points
  • KALOPT7 options exercise nets $2.3 million for KalGold.
  • The exercise indicates strong investor support and confidence.
  • KalGold's cash reserves now stand at $5 million.
  • Funds will expand exploration at the Pinjin Gold Project in the Laverton Tectonic Zone.
  • All options held by company directors were exercised.
  • KALOPT7 options have generated over $3.4 million since issue.
  • KalGold is poised for accelerated exploration and discovery.
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.