https://www.miningweekly.com

Kalamazoo completes Mt Piper buy

19th September 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed junior Kalamazoo Resources has completed the acquisition of the Mt Piper gold project, in Victoria, from fellow-listed Coda Minerals.

The two companies in July struck an agreement under which Kalamazoo would acquire the project for A$300 000 in cash, the issue of more than 1.5-million fully paid ordinary shares, and a 1% net smelter royalty on any minerals extracted from the tenements.

Kalamazoo told shareholders on Monday that the Mt Piper project was an excellent fit within the company’s strategy of acquiring and exploring high-quality gold projects in Victoria, with a target threshold of 1-million ounces and grades of more than 10 g/t gold.

With the project acquisition now completed, the company’s focus will be on expanding target generation analysis, designing initial low-impact exploration programmes for high priority target areas, and advancing prospects towards drill-ready status.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.041 0.75s - 111pq - 2rq
Subscribe Now