Kalgoorlie Gold Mining Limited (AU:KAL) has released an update.
Kalgoorlie Gold Mining Limited, a WA-focused gold explorer, has announced a successful $2.3 million funding round through a share placement and plans to raise an additional $0.5 million via a Share Purchase Plan (SPP). The funds are earmarked to expedite drilling and meet farm-in commitments at the Pinjin project, building on the company’s recent announcement of a promising initial mineral resource estimate. The placement attracted strong interest, signaling confidence in KalGold’s strategy to expand its resource base and explore new gold prospects.
For further insights into AU:KAL stock, check out TipRanks’ Stock Analysis page.