Kalgoorlie Gold Mining Limited Completes $1.65M Farm-In at Pinjin Gold Project, Securing 75% Stake and Unlocking 75,000 oz Near-Surface Gold Potential

Thursday, May 29, 2025
at
8:19 am
Article header image

Kalgoorlie Gold Mining Limited has completed its farm-in at the Pinjin Gold Project, acquiring 75% control over key tenements with multiple gold discoveries. This strategic move strengthens the company’s position in a prime exploration region and sets the stage for accelerated drilling and resource expansion.

Kalgoorlie Gold Mining Limited has secured a significant strategic advantage in the Pinjin Gold Project by completing its initial farm‐in exercise. The company now holds a 75% interest in a suite of tenements that encompass notable mineral discoveries, including the Kirgella Gift, Providence Mineral Resources, the Lighthorse discovery, and the entire mineralised Lighthorse corridor. This extensive tenure, acquired through a cash settlement of $1.65 million, enhances its footprint in the under-explored yet high-potential southern section of the Laverton Tectonic Zone. Technical achievements to date include the definition of over 75,000 ounces of near-surface gold at Kirgella Gift and Providence, supporting the company’s commitment to maintaining a low-cost discovery model. CEO Matt Painter underscored the milestone by emphasizing that the farm‐in not only adds considerable scale to the company’s land package but also opens the door to further exploration with aircore, RC, and diamond drilling programs. Kalgoorlie Gold Mining Limited is set to build on these early successes, with pending assay results expected to refine their exploration strategy and potentially expand the Mineral Resource inventory. The all-cash arrangement minimizes shareholder dilution while positioning the company favorably for future engagements with strategic partners and third parties. Bullish sentiment is bolstered by the successful accumulation of key tenements, the promising early drilling results, and the strategic potential to uncover additional resources in a prolific gold region. Investors may view these developments as a catalyst for further value creation through enhanced exploration prospects and a robust resource base. On the other hand, bearish considerations remain due to the inherent uncertainties of mineral exploration, including pending assay outcomes and the challenges of converting exploration successes into a viable mining operation.

Document

Recent Articles