Kalgoorlie Gold Mining Expands in Western Australia
Acquiring 385 Square Kilometers of Prospective Ground
Kalgoorlie Gold Mining has secured 385 square kilometers of highly-prospective new gold ground east of Kalgoorlie in Western Australia. The area is strategically located just 1800 meters away from shallow gold hits at the company's Kirgella Gift and Providence targets.
Early-Stage Projects in Eastern Goldfields
The new acquisition adds to Kalgoorlie Gold Mining's portfolio of early-stage projects in the Eastern Goldfields of Western Australia. The company is advancing these projects with the aim of identifying and developing new gold resources.
Mining Operations in Kalgoorlie
Kalgoorlie Gold Mining also operates the Kalgoorlie Consolidated Gold Mines (KCGM) Operations, a world-class asset located adjacent to the City of Kalgoorlie-Boulder. The KCGM Operations include the Fimiston Open Pit (Super Pit), Mt Charlotte Underground Mine, and the Fimiston and Gidji Processing Plants.
Promising Lead-Zinc-Silver Mine
Additionally, the company is exploring a large lead-zinc-silver sulfide vein system with an average grade of 900g silver, 122 lead, and 44 zinc per tonne. The mine contains a minimum of 250,000 tonnes of ore, which is sufficient for 34 years of mining at 25 tonnes per day. The projected annual net profit after tax for this operation is estimated at $25 million.
Financial Performance
Investors can access real-time quotes, historical performance charts, and other financial information for Kalgoorlie Gold Mining (KAL) to make informed investment decisions.
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