What's Happening?
Kalamazoo Resources has increased its underground resource at the Mt Olympus prospect within the Ashburton Gold Project in Western Australia. The deposit is now estimated to host 1.44 million tonnes at 3.76
grams per tonne gold, totaling 174,500 ounces. The company is conducting a Scoping Study to identify further prospectivity, with results expected by Q4 2025. Kalamazoo plans to convert inferred material to an indicated category through an upcoming infill resource drilling program. The company aims to enhance the future open pit production profile by identifying additional mineable underground material.
Why It's Important?
The expansion of the Mt Olympus gold resource is crucial for Kalamazoo Resources as it seeks to extend the mine-life of the Ashburton Gold Project. This development could significantly boost the company's gold production capabilities, aligning with its growth vision for a multi-year production plan. The rising gold prices, currently surpassing predictions, further underscore the potential profitability of this expansion. As gold remains a valuable commodity, this increase in resources positions Kalamazoo to capitalize on favorable market conditions, potentially benefiting stakeholders and investors.
What's Next?
Kalamazoo Resources plans to commence an infill resource drilling program in Q1 2026 to convert inferred material to an indicated category. The company is also investigating existing underground and open pit resources at Peake and Zeus, with results expected soon. Over the longer term, Kalamazoo intends to discover additional resources through greenfields exploration at Waugh and other prospects across the Ashburton-Xanadu Gold Project region. These efforts aim to further expand the project's resource base and production capabilities.
