‘In the meantime, the investment attractiveness of Kalkaroo has been considerably enhanced by the impact of the rising gold price on the value of the 3.1 million ounce gold resource.’ (page 4)
Spot gold breached US$3,200/oz today. This potentially accelerates the payback period from mining the gold cap.
‘As at 31 January 2025 exploration and evaluation expenditure carried forward of $22,220,870 (31 July 2024: $22,079,382) relating to the Kalkaroo project has been reclassified as assets held for sale (a current asset). While negotiations with interested parties are continuing the Board is unable to put a date on when a sale may be concluded.’ (page 21)
I wonder who they’re negotiating with?
In any case, it seems the US Trade War may impact on deal making, according to industry heavyweight Antofagasta:
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