KAL kalgoorlie gold mining limited

Ann: Third aircore drill program completed at Pinjin, page-4

  1. 1,134 Posts.
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    Gold thru A$4200 last night. Ohhh boy. Come on Matt show us the GOLD is all I can say.
    Bit of TO action around Kalgoorlie to report, I see a bit more of this if you can ramp up your resource - KAL has some great ground to build from and at 6M MC? For how long.........

    25/10/24
    JAV - Javelin Minerals Limited today closed up 33% to finish at 0.4c on $210k stock traded.
    The reason they were up today was because they announced the acquisition of the Eureka Gold Mine from Delta Lithium (DLI.asx).
    Eureka is located 54km north-north-west of Kalgoorlie and contains a JORC mineral resource estimate of 2.45Mt @ 1.42 g/t Au for 112Koz.
    Highlights
    • Javelin to acquire Eureka Gold Mine from Delta Lithium Limited (ASX: DLI) for upfront consideration of $3m in cash and shares, plus $1m in deferred consideration shares
    • The deal will deliver Javelin its second brownfields exploration project in WA’s Eastern Goldfields, close to existing infrastructure including mills with production capacity
    • Eureka historical drill intercepts to be followed up in Q1 2025 drill program include 4m @ 134.52g/t Au, 3m @ 48.75 g/t Au and 4m at 32.08g/t Au
    • Javelin has secured $3m in firm commitments with Shaw and Partners to fund the Eureka acquisition and the Eureka exploration programs to commence in Q1 2025
    • Current JORC Mineral Resource Estimate at Eureka stands at 2.45Mt at 1.42 g/t Au totaling 112,000oz. All resources are hosted on granted historic mining leases.
    • Major gold deposits such as Paddington (>4Moz) are hosted within the same greenstone lithological sequence only 20km south-east of Eureka
    • Structural setting similar to Zoroastrian deposit (530Koz) at Bardoc Gold - 1.4km to the east of Eureka Gold Deposit
    • Javelin is set to start drilling at its Coogee Gold project near Kalgoorlie in this quarter
 
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Last
4.0¢
Change
0.002(5.26%)
Mkt cap ! $15.27M
Open High Low Value Volume
4.0¢ 4.0¢ 4.0¢ $608 15.2K

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No. Vol. Price($)
9 715987 3.7¢
 

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Price($) Vol. No.
3.9¢ 9013 1
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Last trade - 09.59am 01/08/2025 (20 minute delay) ?
KAL (ASX) Chart
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