Gold Inventory

With the definition of the Kirgella Gift and Providence MRE, KalGold has grown the Company’s Mineral Resource total to 214,300 ounces of gold:

KalGold Total Mineral Resource statement
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 A$4.57

Bulong Taurus (La Mascotte) MRE reported at a 0.6 g/t gold cut-off.
Pinjin MRE reported at a 0.5 g/t gold cut-off.
Note totals may not sum due to rounding.

Shallow, accessible gold deposits, potential early indicators of more

Almost uniquely amongst junior explorers, the Company’s gold resource inventory is either outcropping or located within metres of surface. At both Pinjin (Kirgella Gift, Providence) and Bulong Taurus (La Mascotte), overall gold grades are in excess of 1.0 g/t Au, with both projects containing zones of higher-grade, near-surface gold mineralisation that are amenable to open pit mining.

The growth of KalGold’s total Mineral Resource inventory coincides with a period of high gold prices, over A$3,600 per ounce at July 2024.