Kalgoorlie Gold Mining (ASX: KAL)

KAL has all the makings of a great Australian gold story. The company’s flagship Pinjin Project is shaping up to be a blockbuster discovery at grades of up to 13.65g/t in the Laverton Tectonic Zone (LTZ), home to over 30Moz of discoveries right near Kalgoorlie in one of Western Australia’s most prolific gold regions.

In February this year, KAL made a groundbreaking discovery at its Lighthorse Prospect, where the company hit 17m at 4.81 g/t Au from 48 m, including 8m at 9.21 g/t Au from 52m – and with the hole ending in mineralisation. KAL already has a 76.4koz at 1g/t resource at Pinjin, so these outstanding grades outside of the MRE, and the prospect of the company having found an incredible system at the project, is extremely exciting.

Pinjin is just 37km from Northern Star’s Carosue Dam mine which is operating at 73.5% capacity, 22km away from Ramelius Resources’ Rebecca project which is scheduled to go into production in 2027, and 12km from the Anglo Saxon mine that has an open pit resource of 157koz at 6.1g/t. KAL controls over 22km of strike between Anglo Saxon and Rebecca – amongst a total 60km of strike in the southern LTZ.

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