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Kalamazoo Resources Limited (ASX:KZR)

ALERT: Price-sensitive ASX Announcement for KZR
Current share price for KZR : $0.130 -0.035 (-21.21%)+
Announcement
Release
29 Oct 2025 5:14PM
Price at Release
$0.165
Full Release
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Summary
Kalamazoo Resources Limited's September 2025 Quarterly Activities Report highlights the company's progress across several projects. Key developments include the Scoping Study for the Ashburton Gold Project, expected to conclude in Q4 2025, and the acquisition of the Xanadu Gold Project, adding nine exploration tenements to their portfolio. The report also details re-optimisations of the Mt Olympus and West Olympus deposits, estimating up to 772,000ozs Au potential at a higher gold price. Additionally, a $2,000,000 share placement was completed to expedite the Scoping Study and for working capital. Kalamazoo continues to focus on gold and antimony exploration in Central Victoria, reflective of increased interest and high market prices.
Key Points
  • Scoping Study for the Ashburton Gold Project progressing well, set for Q4 2025 release.
  • Acquisition of Xanadu Gold Project, adding nine tenements contiguous with Ashburton.
  • Re-optimisation of Mt Olympus and West Olympus deposits, estimating 772,000ozs Au.
  • Completed $2,000,000 share placement to support Scoping Study and working capital.
  • Focus on Central Victorian gold and antimony exploration due to increased interest and 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.