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KAL - KALGOORLIE GOLD MINING LIMITED


nipper
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Kalgoorlie Gold Mining Limited (KAL) is an Australian company incorporated on 5 November 2020 by its parent company, Ardea Resources Limited.

Upon completion of the Demerger Implementation Deed and listing on ASX, the Company will own, or have the right to own, the rights to the tenements comprising the following projects in Western Australia.
 

Project area Mineral rights
Bulong Taurus Project
Historic Taurus gold mining centres
Gold rights
Laverton Tectonic Zone
Zelica South, Pinjin West prospects
All minerals
Keith Kilkenny Tectonic Zone
Aubils, Boyce Creek/Jump Up, Rebecca
Gold rights
Perrinvale Project
Zuleika Shear Zone
Gold rights
Kalgoorlie Project
Gidgi, Ninga Mia, Boorara prospects
All minerals
Pianto South Project
Major ENE structure, gold endowment
All minerals
Davies Dam Project
North Kalpini, Kurnalpi gold mining areas
All minerals


After listing on the ASX, the Company intends to systematically drill its defined gold production targets at Bulong Taurus, plus complete initial target generation work on all other tenure.

Listed on 17 November. IPO price was 20c, but it opened at 19c and is now trading around 18c

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On 2/18/2022 at 11:38 AM, nipper said:

and now 15c.

Now 12c

Strategy  
KalGold has the aim to assess and advance its key gold projects through rigorous exploration for the benefit of its shareholders. The Company project portfolio has been selected for its overlooked gold potential in one of the most prolific gold mineralised regions on Earth. This comprises a mixture of:  
1. Mineralised, historically mined projects that have not been recently explored due to historic ownership structures. This applies particularly to the Bulong Taurus project and parts of the Pinjin project.
2. Highly prospective tenure that has been the focus of other styles of mineral exploration. Most of the KalGold tenure lies along transcrustal structures that control regional and local gold mineralisation distributions. Exploration in the last 30 years has been almost exclusively focused on nickel, with little to no gold assessment. Aubils, Boyce Creek, JumpUp Dam and Lake Rebecca projects are examples of this type.
3. Light bulb projects where new concepts will prompt gold exploration. Examples include the reinterpreted geology at Ninga Mia project and dilational structures in granite at Pianto South.


Finance and Use of Funds
The Company cash position was $4.87M at Quarter end with no debt. Issued capital as at, 31 December 2021 was 86,434,600 shares, with 48.8 million Options and 745,000 Performance Rights. 

Expenditure incurred on exploration activities during the quarter was approximately $529,000. No expenditure was incurred on mining production or development activities during the quarter.

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