Kalgoorlie Gold Mining (ASX:KAL) has updated investors in a webinar today, highlighting its mission to acquire low-cost gold resources near Kalgoorlie-Boulder through its strategic project portfolio.
The company said its priority lies in the Pinjin Project in the Laverton Tectonic Zone, with high-grade historic results, and has also completed initial confirmatory drilling at Kirgella Gift, with assays pending.
It also said its strengthened its balance sheet with a $1.4M placement and up to $0.5M Share Purchase Plan to fund drilling at Pinjin.
Kalgoorlie Gold Mining also noted that the acquisition of the Pinjin Kirgella as well as Rebecca West properties adds to its opportunities in the Eastern Goldfields.