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Highlights
- Kalgoorlie Gold Mining expands exploration footprint in Western Australia
- New licence applications aim to unlock untapped gold potential in Laverton Zone
- Drilling initiatives bolstered by government co-funding
Kalgoorlie Gold Mining (ASX:KAL) is setting the stage for significant regional growth by applying for five new exploration licences in Western Australia’s prolific Laverton Tectonic Zone. This move aims to expand its Pinjin Gold Project footprint by 128.5km², bringing the total tenement area to 483.5km², pending approval.
The applications, located south of the existing Pinjin Gold Project, are part of a long-term expansion strategy designed to reinforce Kalgoorlie Gold’s (ASX:KAL) regional presence. With a market capitalisation of approximately $16.4 million, the company anticipates a 12 to 18-month timeline for regulatory approvals.
Unlocking Untapped Exploration Potential
The Laverton Tectonic Zone is known for its rich mineral endowment, yet large parts remain underexplored due to extensive transported cover. Kalgoorlie Gold sees this as a key opportunity to uncover new gold mineralisation, particularly after a promising discovery of primary orogenic gold at the Lighthorse prospect—a previously untested area within the region.
According to company leadership, this recent find reinforces confidence in the southern portion of the Laverton zone as a host for further large-scale gold discoveries. The company's exploration model suggests multi-million-ounce potential, underlining the strategic value of the expansion.
Ongoing Drilling & Government Support
Kalgoorlie Gold is actively advancing its exploration programs. Samples from a recent aircore drilling campaign at the Lighthorse prospect are currently undergoing lab analysis, which could provide new insights to guide future activity.
In a notable boost, the company has secured $130,000 in co-funding from the Western Australian Government’s Exploration Incentive Scheme. These funds will support a diamond drilling campaign targeting the Kirgella Gift and Providence prospects. The program includes four holes spanning 1,070 metres and is scheduled for execution in Q3 2025. Multiple drilling contractors have already expressed interest in the project.
A Low-Cost Explorer With Growth Ambitions
Kalgoorlie Gold continues to focus on its portfolio of gold projects across Western Australia. The company maintains a low-cost exploration profile and holds a total resource of over 214,000 ounces of gold. As the broader ASX300 landscape draws increasing investor attention to junior resource players, initiatives like Kalgoorlie Gold’s tenement expansion further highlight emerging exploration opportunities.
