The company presented Ashburton as its flagship development project, covering 519km². It reported that more than 420,000m had been drilled across the project since 1990 and said it had completed 23,000m of drilling in the previous 12 months, including 13,726m across 72 holes at Mt Olympus.
Kalamazoo's Mt Olympus scoping study, using a gold price scenario of A$4,500 per ounce, outlines processing of 8.5Mt at 2.2g/t gold over 71 months. The company estimates pre-tax cashflow of A$747 million, pre-tax NPV8 of A$423 million, forecast AISC of A$2,183 per ounce and pre-production capital expenditure of A$208 million under that scenario.
Source: Download KZR official ASX announcement, 2026-10-15.
Photograph from Kalamazoo Resources’ October 2026 company announcement.