Kalamazoo Resources Secures AU$8 million to Accelerate Ashburton Gold Growth
Kalamazoo Resources Limited (ASX: KZR) has successfully secured an oversubscribed AU$8.0 million placement, exceeding its initial AU$5.0 million target due to strong institutional and sophisticated investor demand. The capital raising will primarily fund expanded resource growth and extension drilling at the company's 100%-owned 1.44Moz Ashburton Gold Project, while also supporting an updated Mineral Resource Estimate targeted for Q4 CY2026 and advancement of the Mt Olympus Pre-Feasibility Study. A portion of the proceeds will also be allocated to selected exploration activities across the company's Western Australian and Victorian assets.
The placement comprises approximately 65.3 million new shares issued at AU$0.12 per share, with directors committing additional funds subject to shareholder approval. Alongside the capital raising, Kalamazoo has entered a Heads of Agreement to acquire two exploration tenements and one tenement application from Forrestania Resources, further strengthening its exploration footprint. Backed by a diversified portfolio across the Pilbara, Murchison and Central Victorian Goldfields, the company aims to deliver consistent drilling updates and project milestones as it advances resource expansion and development activities throughout the remainder of 2026.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Kalamazoo Resources Secures AU$8 million to Accelerate Ashburton Gold Growth
Kalamazoo Resources Limited (ASX: KZR) has successfully secured an oversubscribed AU$8.0 million placement, exceeding its initial AU$5.0 million target due to strong institutional and sophisticated investor demand. The capital raising will primarily fund expanded resource growth and extension drilling at the company's 100%-owned 1.44Moz Ashburton Gold Project, while also supporting an updated Mineral Resource Estimate targeted for Q4 CY2026 and advancement of the Mt Olympus Pre-Feasibility Study. A portion of the proceeds will also be allocated to selected exploration activities across the company's Western Australian and Victorian assets.
The placement comprises approximately 65.3 million new shares issued at AU$0.12 per share, with directors committing additional funds subject to shareholder approval. Alongside the capital raising, Kalamazoo has entered a Heads of Agreement to acquire two exploration tenements and one tenement application from Forrestania Resources, further strengthening its exploration footprint. Backed by a diversified portfolio across the Pilbara, Murchison and Central Victorian Goldfields, the company aims to deliver consistent drilling updates and project milestones as it advances resource expansion and development activities throughout the remainder of 2026.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au