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Kalamazoo Resources Limited (ASX:KZR)
ALERT: Price-sensitive ASX Announcement for KZR
Current share price for KZR : $0.140 -0.055 (-28.21%)+
Announcement
Release
15 Jan 2026 9:20AM
Price at Release
$0.195
Full Release
Summary
Kalamazoo Resources Limited has commenced the Pre-Feasibility Study (PFS) for its Mt Olympus project, part of the Ashburton Gold Project in Western Australia, marking a significant phase in its plans to develop the mine amidst high gold prices. The study kick-off was marked by a meeting of all key consultants in Perth. Additionally, the company has resumed a ~2,600-meter diamond drilling program at the site, which aims to test and infill extensions of Indicated and Inferred Resources below the current open pit design, crucial for future mine planning and optimization. CEO Dr. Luke Mortimer is set to step down at the end of January 2026, after contributing significantly to the company's development over seven years.
Key Points
- Mt Olympus Pre-Feasibility Study commenced.
- Initial meeting of key consultants held in Perth.
- Diamond drilling program of ~2,600m resumed.
- Three diamond drill holes completed out of six planned.
- Drilling aims to test and infill resource extensions.
- Dr Luke Mortimer to step down as CEO end of January 2026.
- CEO transition as Kalamazoo progresses from explorer to developer.
- Drilling results will inform mine development and optimization.
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.
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