Australia's Kalgoorlie Gold gains on granting of new tenure in Aussie project

Kalgoorlie Gold Mining

08/11/2023 02:50

** Shares of Kalgoorlie Gold  KAL.AX  rise as much as 8% to
A$0.027, their biggest intraday gain since Oct. 30
    ** The gold miner posts receipt of new licence (P 31/2168)
at Pinjin from Western Australia Department of Mines, Industry
Regulation and Safety (DMIRS) 
    ** Tenement provides continuity of tenure at Co's Pinjin
project in Western Australia
    ** The Pinjin project located within the 30 mln ounces (Moz)
Laverton Tectonic Zone, has 20 significant gold deposits
    ** Gold targets at Wessex, Wessex South and Harbour Lights
Extension can now be fully explored without working around gaps
in tenure or dealing with third parties - KAL
    ** Stock down 69.9% YTD as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))