Quarterly Activities/Appendix 5B Cash Flow Report
Released
Released
Announcement PDF
ASX Quarterly Report & Media Release ASX: KAL 29 January 2026
QUARTERLY ACTIVITIES REPORT
for the quarter ended 31 December 2025
KalgoorlieGoldMiningLimited | ACN645666164
Suite 2, 1209 Hay St, West Perth WA 6005, Australia
T: +61 (0)8 6002 2700 | E: info@kalgoldmining.com.au | www.kalgoldmining.com.au
Kalgoorlie Gold Mining (ASX: KAL, KalGold or the Company) is pleased to report on its activities during
the fourth quarter of 2025 (December quarter).
Highlights:
Pinjin Gold Project, Laverton Tectonic Zone (LTZ), 140 km ENE of Kalgoorlie
• Extensive RC drill program defined widespread, continuous, primary orogenic gold
mineralisation intersected in fresh rock at Lighthorse:
o Gold mineralisation is directly associated with extensive shearing, alteration,
sulphide mineralisation, and veining logged in intervals up to 35 m thick.
o Primary orogenic gold mineralisation and anomalism extends north from previous RC
drill coverage and now defines over 1,100 m of strike (600 m previously).
o Confirms that the near-surface ~1,600 m long aircore anomalism is sourced from primary
orogenic gold mineralisation below, and remains open to the north.
o Corresponds with a Sub-Audio Magnetic (SAM) magnetometric conductivity (MMC)
high that continues beyond the current extent of RC drilling.
• Results defined a high-quality and extensive target consistent with a substantial gold
mineralised system.
o Infill and extensional RC drilling is expected to commence in early 2026, with first-pass
aircore drill testing of gold targets east of Lighthorse within the Laverton Tectonic Zone
and along strike from the Rebecca gold deposit.
• Diamond drilling program (four holes, total 1,154.6 m) completed at the Kirgella Gift and
Providence deposits. Lithological, alteration and structural logging completed. Holes cut and
sampled, with assays awaited.
Bulong Taurus Gold Project, 35 km east of Kalgoorlie
• Commenced updated JORC Code (2012) Inferred Mineral Resource Estimate at La Mascotte to
capitalise on the substantially increased gold price since previous modelling in early 2023 (AUD
gold price has risen by around 250% compared with the early 2023 price used in modelling).
Corporate
• Balance sheet of $4.0 million cash and no debt as of 31 December 2025.
• Strong news flow with results of the recent diamond drilling pending as well as upcoming drill
programs.
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QuarterlyOperationsReport,December2025
PINJIN GOLD PROJECT
A successful RC drill program at Lighthorse during the quarter substantially extended the known footprint
of gold mineralisation within fresh rock. The results define extensive gold mineralisation and anomalism,
including thick gold mineralisation intercepts, over more than 1,100 m and open to the north. Importantly,
gold mineralisation correlates with Sub-Audio Magnetic (SAM) conductivity anomalies, providing a
geophysical technique with the potential to identify primary gold mineralisation in fresh rock throughout the
area. The Company interprets these results to be consistent with large-scale orogenic gold mineralisation
beneath cover at Lighthorse and is correspondingly accelerating exploration efforts at Pinjin in 2026.
Figure 1 – Location map of the Lighthorse gold discovery at KalGold’s Pinjin Project around 140 km northeast of Kalgoorlie-
Boulder. The project is situated approximately 25 km north of Ramelius Resources’ (ASX: RMS) Rebecca Gold Project.
Also shown are KalGold’s JORC Code (2012) Inferred Mineral Resources, the outcropping La Mascotte deposit 35 km east
of Kalgoorlie, and the Kirgella Gift and Providence deposits from only 3m depth at Pinjin. Projection: MGA 94 Zone 51.
Lighthorse gold prospect
Primary gold mineralisation at Lighthorse defined by RC drilling continues to follow gold anomaly footprints
demarcated by first-pass aircore drilling. Primary gold mineralisation is now confirmed over 1,100 m strike,
commensurate with the 1,600 m gold anomaly footprint defined by aircore drilling. Gold mineralisation and
anomalism extends northwards from the initial discovery drill area and is open to the north.
• Thick, sheared, veined, and altered mineralised zones are extensive and remain open to the north,
corresponding closely with SAM magnetometric conductivity trends.
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QuarterlyOperationsReport,December2025
• Gold mineralisation becomes increasingly discontinuous and diminishes between the Lighthorse
Prospect and the T15 target.
• The scale of the structures and the extent of the gold mineralised footprint indicate a high-quality
exploration target with potential to host a significant gold deposit.
The results of the program validate and support KalGold’s systematic exploration methodology but, more
importantly, define a primary, orogenic gold mineralising system of substantial scale at Lighthorse.
KalGold’s focus now is to define higher-grade and economically extractable parts of the Lighthorse gold
system, which will be the target of upcoming drill programs.
RC drill program results
A total of 38 RC drill holes at Lighthorse (4,494 m, average depth of 118m) followed up on aircore
anomalism defined in previous programs (ASX: KAL 15/07/25) and SAM geophysical anomalies (ASX:
KAL 26/08/25). Drill holes substantially expanded on the Company’s first RC program at Lighthorse (ASX:
KAL 15/04/25), expanding the area tested to the north and south and following an approximate, widely-
spaced 100-150 m x 80 m pattern in the north, extending to 160-180 m x 80 m in the south.
Table 1 – Selected drill hole intercepts from KalGold’s second RC drill program at Lighthorse that extended
RC drill coverage along strike to the north. See Appendix 2 for a full listing. Enveloping zone gold
anomalism is calculated at >0.1g/t Au cut-off with 2m maximum internal waste. Intercepts calculated at
>0.5g/t gold cut-off (“Including” intercept >2.0g/t Au cut-off) with 2m maximum internal waste.
Drill hole Enveloping mineralised zone Intercepts
KGRC25050 35m at 0.42 g/t Au from 78m 3m at 0.86 g/t Au from 86m
9m at 0.76 g/t Au from 92m
4m at 0.43 g/t Au from 109m
KGRC25052 15m at 1.14 g/t Au from 84m 11m at 1.51 g/t Au from 84m
including 2m at 2.99 g/t Au from 86m
and 1m at 2.58 g/t Au from 90m
KGRC25053 6m at 0.59 g/t Au from 93m 2m at 1.62 g/t Au from 96m
including 1m at 2.29 g/t Au from 96m
KGRC25058 2m at 2.15 g/t Au from 82m
35m at 0.33 g/t Au from 90m 1m at 1.61 g/t Au from 100m
3m at 0.61 g/t Au from 108m
3m at 1.18 g/t Au from 120m
including 1m at 2.60 g/t Au from 120m
4m at 0.47 g/t Au from 129m 1m at 1.15 g/t Au from 131m
KGRC25061 21m at 0.32 g/t Au from 48m 3m at 1.40 g/t Au from 57m
including 1m at 2.21 g/t Au from 57m
KGRC25062 9m at 0.18 g/t Au from 72m 1m at 0.61 g/t Au from 76m
Primary gold mineralisation and anomalism is defined in all RC drill lines to the north of earlier Lighthorse
drill programs. The thickest zones of RC gold anomalism and mineralisation correlate with highs in earlier
aircore drilling results around 600 m northwest of the discovery site (Table 1). Gold mineralisation is
inferred to dip steeply westward and is hosted within a mixed sequence of dacitic intermediates, basalt
and ultramafic rocks, showing typical orogenic gold mineralisation characteristics including shearing,
sulphide (pyrite) mineralisation, sericitic, carbonate, and silicic alteration, and extensive quartz(-carbonate-
pyrite) veining.
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QuarterlyOperationsReport,December2025
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QuarterlyOperationsReport,December2025
Figure 2 – RC drill collars (squares) over magnetometric conductivity (MMC) data defined by the recent SAM geophysical survey
over the greater Lighthorse / Kirgella area. Broad zones of RC anomalism and mineralisation defined in this program (rounded
label boxes) correspond with a linear north-south oriented MMC ridge in the north of the Lighthorse prospect. This contrasts with
the south where anomalism is weaker and less continuous between Lighthorse and the T15 prospect further south. Also shown
are earlier intercepts (squared label boxes) and aircore drill collars with contained gold (circular, same legend as RC collars).
. A distinct mineralised structure appears to parallel the MMC conductivity defined by the recent SAM geophysical survey. The
mineralised structure (white dashed arrows) is defined in drilling by extensive shearing, alteration, veining and sulphide
mineralisation. It is thick and laterally extensive and is open to the north. First-pass RC drilling in this area was widely spaced
(approx. 100-120m x80m) and not comprehensive. Infill and extensional drilling to greater depths is required to fully define the
structure and distribution of gold mineralisation. RC collars represented as squares, with faded circles defining collars of earlier
aircore collars.
Notes on the underlying SAM imagery:
• Magnetometric conductivity tilt derivative, grid combined
• Conductivity ranges from -1.55pT/A (blue, low) to +1.56pT/A (pink, high).
• See ASX: KAL 26/8/25 for full details.
Projection: MGA 94 Zone 51.
Broad footprint and thick intercepts define targets for large deposits at Lighthorse
Extensive, continuous distributions of gold mineralisation and anomalism in fresh rock correlates directly
with broad thicknesses of altered, veined and sheared rocks which are characteristic features of orogenic
gold deposits. In cross section (Figure 3), thick zones of gold mineralisation and anomalism defined in this
first RC drilling at this location can be correlated across adjacent, widely-spaced drill holes, suggesting
that each hole has sampled only a portion of the full thickness of the structure. Therefore, the true thickness
may be cumulative and in excess of 100 m (Figure 3). Further drilling is required to confirm the scale of
these structures.
The widespread distribution of alteration, veining, and shearing mean that these rocks are key features of
large-scale hydrothermal plumbing systems. Such systems can form significant gold deposits along their
length given suitable conditions.
Figure 2 – Cross section looking northward through the new RC drilling at the northern end of Lighthorse. Orientations are not
confirmed but consistent with observations from previous RC drilling to the south. Similarly depth of near-surface gold
depletion is not yet defined but may extend below current drill depths and will be defined by further drilling. Broad shearing,
alteration, veining, and mineralisation are present in thick zones, but the observation of thick zones in adjacent drill holes
suggests that true thicknesses could be cumulative. Graphically, narrower intercept cylinders are based on a 0.1 g/t Au
cutoff, whereas wider intercepts are based off a 0.5 g/t Au cutoff, coloured according to gold content. MGA 94 Zone 51.
6,660,900 mN section
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QuarterlyOperationsReport,December2025
Gold correlation with SAM geophysical anomalies at Lighthorse
Gold anomalism and mineralisation at Lighthorse correlates strongly with MMC features defined in the
recent Sub-Audio Magnetic (SAM) geophysical survey (ASX: KAL 26/8/25). Zones of strong gold
mineralisation intersected through the northern and central Lighthorse areas are characterised by a
conductivity high (ridge) and contrasting magnetic low. Where the conductivity diminishes between these
areas, so does the intensity of anomalism and gold mineralisation detected in RC drilling (Figure 2).
Similarly, the discontinuous and weaker gold anomalism to the south of Lighthorse is reflected in the
similarly discontinuous MMC data.
The extension of the conductivity ridge north of the current limit of RC drilling is very promising for the
potential identification of additional gold mineralisation to the north. The Company is currently looking to
engage geophysical consultants to complete 3D inversion modelling of the SAM geophysical data to
potentially unlock further value from this dataset. Further afield, the geophysical method shows good
potential as a geophysical proxy for identifying gold mineralisation beneath cover throughout the Pinjin
area.
Results from other prospects
A total of 10 RC holes for 1,404 m were completed across Wessex and Providence South:
• Wessex: 7 holes for 1,004 m (average depth = 143 m)
• Providence South: 3 holes for 400 m (average depth = 133 m)
Drilling was designed to follow up near-surface gold anomalism detected in aircore drilling during 2024. At
Providence South, holes KGRC25025 (2 m @ 2.40 g/t Au from 95 m) and KGRC25026 (4 m at 0.89 g/t
Au from 114 m) returned narrow mineralised drill intercepts within, or proximal to the offset ultramafic unit
that hosts the neighbouring Kirgella Gift and Providence deposits. The Providence South area will continue
to be assessed as part of the greater Lighthorse and Kirgella Gift gold system.
At Wessex, the thickest and strongest previous aircore results in the north (ASX: KAL 09/10/24)
disappointingly were not underlain by any significant primary gold in deeper drilling. In the south, RC drilling
returned some instances of gold mineralisation, such as 8 m at 1.00 g/t Au from 46 m in hole KGRC25022,
including 4 m @ 1.80 g/t Au from 46 m. The Company will continue to assess the Wessex area and monitor
activity by Hawthorn Resources (ASX: HAW) at Anglo Saxon across the tenement boundary, but it is clear
that the Lighthorse and Kirgella area, plus new targets to the east must take priority.
Diamond drilling at Kirgella Gift and Providence
Four diamond drill holes were completed during the quarter at Kirgella Gift and Providence gold deposits,
for a total of 1154.6 m. Processing of drill core from the program is complete, with samples submitted to
the laboratory for assay. Results are pending. Data generated from logging, including structural data, is
being analysed and will be integral to interpretation of assay results.
During the quarter, the Company submitted its interim post-program report to the Department of Mines,
Petroleum and Energy and received an initial 80% refund under the Exploration Initiative Scheme (EIS).
The remaining 20% refund will become available upon submission of a final report and submitting the
remaining half of the drill core to the Joe Lord Core Library in West Kalgoorlie.
Page 7
QuarterlyOperationsReport,December2025
Accelerated exploration programs at Pinjin
Positive results from this quarter’s
drilling have prompted the Company to
accelerate its efforts at Pinjin. Upcoming
2026 RC drill programs are being
designed to achieve the following:
• Accurate definition of the
distribution, geometry and continuity
of primary gold mineralisation
across Lighthorse through tightly-
spaced and deeper penetrating drill
holes; and
• Extension of widely-spaced drilling
to the north (along strike) and south
(into the T15 target) to define the full
extent of primary orogenic gold
mineralisation.
RC drilling will be augmented by new
aircore drill programs in 2026, including:
• First-pass aircore drilling across
multiple targets within a broad area
east of Kirgella Gift and Lighthorse.
These targets are located on a
flexure in the Laverton Tectonic
Zone along strike from and within
the same rock package as Ramelius
Resources’ (ASX: RMS) Rebecca
gold deposit.
• Other target testing throughout the
greater Pinjin Gold Project.
Additional exploration licence
applications are progressing, and the
Company continues to assess
opportunities throughout the Pinjin area
and along strike in the Laverton Tectonic
Zone.
BULONG TAURUS GOLD PROJECT
Continuous assessment of the Company’s JORC Code (2012) Inferred Mineral Resources has identified
that recent increases in the gold price offer an opportunity to remodel, refine, and enhance the Company’s
La Mascotte Inferred JORC Code (2012) Mineral Resource Estimate (MRE). Since the definition of the
first resource estimate, the AUD gold price has risen by around 250% from the early 2023 price, so factors
that could be changed in this re-estimate include:
Figure 3 – Target areas for forthcoming exploration programs as presented
in previous reports. Highlighted target areas will be the focus of future
drill programs Background: state aeromagnetic datasets. Projection:
MGA 94 Zone 51.
Page 8
QuarterlyOperationsReport,December2025
• Lowering the gold cut-off grade, in line with anecdotal information suggesting supply to commercial
mills as low as 0.5 g/t Au;
• Refining model detail in line with uncertainties inherent in the datasets; and
• Adjusting mining cost estimates commensurate with the increased gold price and to reflect current
conditions.
Work commenced on the updated MRE at the end of the quarter. The Company will report the results once
completed.
Separately, productive discussions with Traditional Owners continue to progress.
OTHER PROJECTS
During the quarter, two non-core projects on which the Company held gold rights and with no geographic
synergies to other KalGold projects, were sold to other parties.
• The Perrinvale gold project was sold to Ballard Mining (ASX: BM1) to complement its Mt Ida gold
project. The project comprised a single tenement with several near-surface gold anomalies but no
historic mining. The consideration for the sale was 54,434 BM1 shares (approximately A$50k at
BM1 closing price as at 27 Jan 2026) which are subject to a 6-month escrow period.
• The Black Range gold project was sold to Ora Banda Mining (ASX: OBM) to complement their
local operations. The package comprised four small exploration tenements with gold anomalism
but no historic mining in an area of extensive gold exploration. KalGold’s portion of the
consideration for the sale was $20,000.
Discussions are underway on other outlying projects.
Field programs at KalGold’s other non-core projects aimed to further advance these early-stage projects
through geophysical data interpretation, mapping and surface sampling activities. No material results were
reported.
COMPANY TOTAL GOLD RESOURCE
KalGold’s total JORC Code (2012) Inferred Mineral Resource base remains at 214,300 ounces of gold
(Table 2). KalGold’s low-cost gold resources are either outcropping or located within metres of
surface. At both Pinjin (Kirgella Gift, Providence) and Bulong Taurus (La Mascotte) (Figure 1), overall gold
grades exceed 1.0 g/t Au, with both projects containing zones of higher-grade, near-surface gold
mineralisation that may be amenable to open pit mining.
Table 2 – KalGold Total Mineral Resource statement. Bulong Taurus (La Mascotte) reported at a 0.6 g/t gold cut-
off (7 March 2023), and the Pinjin (Kirgella Gift and Providence) reported at a 0.5 g/t gold cut off (25 July
2024). Totals may not sum due to rounding. The Company confirms that the material assumptions and
technical parameters underpinning the JORC Code (2012) Inferred Mineral Resources Estimates continue to
apply and have not materially changed.
Classification Project Tonnes (Mt) Au Grade (g/t) Au (oz)
Discovery Cost
per ounce
Inferred
Bulong Taurus 3.61 1.2 137,900 A$4.79
Pinjin 2.34 1.0 76,400 A$4.18
Total 5.95 1.1 214,300 $4.57
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QuarterlyOperationsReport,December2025
CORPORATE
Finance and Use of Funds
The Company’s balance sheet remains strong with $4 million in cash and no debt at 31 December 2025.
Expenditure incurred on exploration activities during the quarter amounted to approximately $885,000, net
of $104,000 Exploration Incentive Scheme rebate received. This included the most recent drill program
and tenement rents and rates.
No expenditure was incurred on mining production or development activities.
Payments totalling approximately $123,000 were made to related parties, as reported in the attached
Appendix 5B comprising directors’ fees and salary.
Authorised for lodgement by the Board of Kalgoorlie Gold Mining Limited.
For further information regarding KalGold, please visit kalgoldmining.com.au or contact:
Matt Painter
Managing Director and Chief Executive Officer
Tel +61 8 6002 2700
Page 10
QuarterlyOperationsReport,December2025
1
See KalGold ASX release, “First Kirgella Gift Inferred Resource of 76,400oz from 3m”. 25 July 2024.
2
See KalGold ASX release, “La Mascotte gold deposit: First JORC (2012) Mineral Resource of 138,000 oz Au”. 7 March 2023.
About KalGold
ASX-listed resources company Kalgoorlie Gold Mining (KalGold, ASX: KAL) is a proven, low-cost
gold discoverer with a large portfolio of West Australian projects and a total gold resource in excess
of 214,000 oz. KalGold prides itself on defining shallow, potentially open-pittable gold resources at
very low costs, currently less than A$4.60 per ounce of gold2
. Current focus includes:
• The Pinjin Project within the 30Moz Laverton Tectonic Zone (host to
Sunrise Dam, Granny Smith, Rebecca, Anglo Saxon, and Wallaby
projects) is located only 25 km north along strike from Ramelius
Resources (ASX: RMS) Rebecca Gold Project. A first
JORC Code (2012) Inferred Mineral Resource at Kirgella Gift
and Providence (2.34 Mt @ 1.0 g/t Au for 76,400 oz1
)
represents the first area targeted by the Company, with
many more targets scheduled for testing. The company
aims to define further resources as these targets are
tested. Some tenure is the subject of a farm-in over two
years. Between this tenure and KalGold’s own tenure and
applications, the Company has established a significant
presence in a strategic and important gold producing region.
• The Bulong Taurus Project, 35 km east of Kalgoorlie-
Boulder. Contains the outcropping La Mascotte gold
deposit where KalGold has defined a JORC Code (2012) Inferred Mineral Resource
of 3.61 Mt @ 1.19 g/t Au for 137,900 oz2
, plus a series of satellite prospects and
historic workings of the Taurus Goldfield. Work continues at the project
Follow KalGold on social media
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QuarterlyOperationsReport,December2025
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements and forward-looking information within the meaning of applicable
Australian securities laws, which are based on expectations, estimates and projections as of the date of this news release.
This forward-looking information includes, or may be based upon, without limitation, estimates, forecasts and statements as to
management’s expectations with respect to, among other things, the timing and amount of funding required to execute the
Company’s exploration, development and business plans, capital and exploration expenditures, the effect on the Company of any
changes to existing legislation or policy, government regulation of mining operations, the length of time required to obtain permits,
certifications and approvals, the success of exploration, development and mining activities, the geology of the Company’s
properties, environmental risks, the availability and mobility of labour, the focus of the Company in the future, demand and market
outlook for precious metals and the prices thereof, progress in development of mineral properties, the Company’s ability to raise
funding privately or on a public market in the future, the Company’s future growth, results of operations, restrictions caused by
COVID-19, performance, and business prospects and opportunities. Wherever possible, words such as “anticipate”, “believe”,
“expect”, “intend”, “may” and similar expressions have been used to identify such forward-looking information. Forward-looking
information is based on the opinions and estimates of management at the date the information is given, and on information
available to management at such time.
Forward-looking information involves significant risks, uncertainties, assumptions, and other factors that could cause actual results,
performance, or achievements to differ materially from the results discussed or implied in the forward-looking information. These
factors, including, but not limited to, fluctuations in currency markets, fluctuations in commodity prices, the ability of the Company
to access sufficient capital on favourable terms or at all, changes in national and local government legislation, taxation, controls,
regulations, political or economic developments in Australia or other countries in which the Company does business or may carry
on business in the future, operational or technical difficulties in connection with exploration or development activities, employee
relations, the speculative nature of mineral exploration and development, obtaining necessary licenses and permits, diminishing
quantities and grades of mineral reserves, contests over title to properties, especially title to undeveloped properties, the inherent
risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and
other geological data, environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and
flooding, limitations of insurance coverage and the possibility of project cost overruns or unanticipated costs and expenses, and
should be considered carefully. Many of these uncertainties and contingencies can affect the Company’s actual results and could
cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf
of, the Company. Prospective investors should not place undue reliance on any forward-looking information.
Although the forward-looking information contained in this news release is based upon what management believes, or believed
at the time, to be reasonable assumptions, the Company cannot assure prospective purchasers that actual results will be
consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated,
estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness
of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any
such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except
as may be required by law.
No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved
the information contained in this news release.
COMPETENT PERSON STATEMENT
The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based
on information compiled by Dr Matthew Painter, a Competent Person who is a Member of the Australian Institute of Geoscientists.
Dr Painter is the Managing Director and Chief Executive Officer of Kalgoorlie Gold Mining Limited (KalGold) and has sufficient
experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being
undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves. Dr Painter consents to the inclusion in the report of the matters based on his
information in the form and context in which it appears. Dr Painter holds securities in Kalgoorlie Gold Mining Limited.
Page 12
QuarterlyOperationsReport,December2025
EXPLORATION RESULTS
The references in this announcement to Exploration Results were reported in accordance with Listing Rule 5.7 in the
announcements titled:
• KalGold farms-in to Kirgella gold tenement and acquires Rebecca West tenure at Pinjin, 23 May 2023
• Thick, shear-hosted gold mineralisation intercepted at Kirgella Gift, 8 June 2023
• Shallow, high-grade results extend Kirgella Gift and Providence corridor to over 1,150m of strike, 25 October 2023
• Providence: North plunging shallow gold mineralisation has significant potential at depth, 7 December 2023.
• Thick gold intercepts from initial drilling at Wessex near Anglo Saxon Gold Mine, 23 May 2024
• More thick, shallow gold intercepts at Pinjin extend Wessex target to 2km strike length, 9 October 2024.
• First-pass aircore drilling at Kirgella West: broad gold anomalism and mineralisation over 1,200 m strike, 18 December
2024.
• Lighthorse gold discovery, Pinjin, 7 February 2025
• RC drilling confirms primary gold at Lighthorse, 15 April 2025
• Farm-in at Pinjin Gold Project completed, 29 May 2025.
• SAM geophysical survey commencing around Lighthorse, and exploration update, 6 June 2025
• Lighthorse Strike Extended to 1,450m. Extensive RC Program Beginning Shortly, 15 July 2025
• Sub-Audio Magnetics (SAM) geophysical data guides upcoming RC drill program at Pinjin. Diamond Drilling at Kirgella
Gift and Providence to commence soon, 26 August 2025.
• New RC drilling extends primary gold at Lighthorse, 19 December 2025
The Company confirms that it is not aware of any new information or data that materially affects the information included in the
previous market announcements noted above.
MINERAL RESOURCE ESTIMATES
The references in this announcement to Mineral Resource estimates were reported in accordance with Listing Rule 5.8 in the
following announcements:
• La Mascotte gold deposit: First JORC (2012) Mineral Resource of 138,000 oz Au, 7 March 2023.
• First Kirgella Gift Inferred Resource of 76,400 oz from 3m, 5 July 2024.
In accordance with ASX Listing Rule 5.23, the Company confirms that it is not aware of any new information or data that materially
affects the information included in the previous market announcement noted above and that all material assumptions and technical
parameters underpinning the Mineral Resource estimates in the previous market announcements continue to apply.
ASX Listing Rules Appendix 5B (17/07/20) Page 13
+ See chapter 19 of the ASX Listing Rules for defined terms.
QuarterlyCashflowReport,March2025
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
Name of entity
KALGOORLIE GOLD MINING LIMITED
ABN Quarter ended (“current quarter”)
80 645 666 164 31 December 2025
Consolidated statement of cash flows Current quarter
$A’000
Year to date
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