KAL 6.25% 3.0¢ kalgoorlie gold mining limited

announcement

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    KALGOORLIE-BOULDER

    RESOURCES LTD

    ABN 48 106 732 487





    ASX ANNOUNCEMENT





    ASX Code: KAL, KALO



    9 August 2006



    FIRST GOLD PRODUCTION FROM JACKPOT GOLD MINE



    The Directors of Kalgoorlie-Boulder Resources Limited are pleased to announce the
    first gold production from it’s Jackpot Gold Mine with a first gold pour completed earlier
    today at the Greenfields Mill near Coolgardie.



    First production is an important milestone in any resource company’s life and to
    achieve this within 16 months from listing on the ASX is a significant achievement. We
    are pleased to join the ranks of gold producers at a time of strong gold prices. With the
    Company’s portfolio of gold and base metals assets continually improving as we build
    our knowledge and look at other opportunities the future of the Company looks very
    positive.



    This initial gold pour is the product of the first of three milling campaigns at the
    Greenfields Mill near Coolgardie with the campaign scheduled to be completed in
    October 2006. Going forward, we intend to use the cashflows from the mine to develop
    the company's other gold and base metals assets. Specifically, on completion of the
    initial open pit mine at Jackpot, we will be in a position to properly evaluate the deep
    higher grade Inferred mineralisation at the Jackpot project for a possible larger scale
    open pit or underground operation.



    For further information please contact:



    Trevor Matthews

    Managing Director

    Kalgoorlie-Boulder Resources Ltd

    Tel: (08) 9228 9742


 
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