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NEWS
www.ddh1.com.au

Kalamazoo heads to Ashburton

by Mark Andrews

ith the acquisition of the Ashburton gold project, Northern Star will receive $5 million from Kalamazoo upon
WKalamazoo Resources Ltd has consolidated its position mining of the first 250,000t of ore, while a 2% NSR on the first
in Western Australia’s Pilbara gold district. 250,000 ozpa produced and a 0.75% NSR on any subsequent
Ashburton was formerly in the hands of Northern Star gold produced from the tenements is in place for the seller.
Resources Ltd, however, since that company’s spree of defining The same NSR’s are relevant on any other metals produced
acquisitions from 2013 onwards, it slid down the pecking order. from the 217sq km Ashburton project, which is situated on the
Nevertheless, the foundations established by Northern Star southern edge of the Pilbara craton.
have left a significant resource at Ashburton for Kalamazoo to Ashburton produced 350,000oz gold from 3.2mt at an average
carry on with. 3.3 g/t from oxide ore between 1998-2004, with production
“Northern Star obviously did a lot of work in the period 2011- mainly from Mt Olympus followed by the Zeus, Peak and Waugh
2013 and increased resources from about 600,000oz to 1.65 deposits.
moz gold but really over the last 7-8 years there hasn’t been Indicated and inferred resources at Ashburton currently total
as much work done on it,” Kalamazoo chairman Luke Reinehr 1.65 moz gold @ 2.5 g/t, with 541,000oz in the indicated
told GMJ. category.
Importantly for the Victorian-headquartered Kalamazoo, its
West Australian division has been boosted with the addition of
former Spectrum Metals managing director Paul Adams to the
technical advisory committee.
Adams, now a non-executive director at Kalamazoo, was
instrumental in shaping up Penny West – 799,000t @ 13.8 g/t
gold for 355,500oz, including 569,000t @ 16.8 g/t for 306,800oz
at Penny North – for Spectrum’s eventual $200 million takeover
by Ramelius Resources Ltd earlier this year.
Reinehr said the appointment of Adams was key to the company
immediately kickstarting exploration and continuing momentum
Paul Adams will lead the exploration effort for Kalamazoo in the in the Pilbara gold space.
Pilbara. A pre-existing 1.75% royalty on gold production from the
Ashburton project (excluding the first 250,000oz) is in place, as “That was really important for us, as we’ve seen over the last
are all heritage and mining agreements with Native Title parties couple of days in Victoria [growing number of COVID-19 cases],
I don’t think WA is going to open its borders any time soon,”
Reinehr said.
“We need to get into the data and our ambition is to see if we
can expand the resource substantially because that will then “Having Paul Adams available after that incredible success at
give us a whole range of options as to next steps into potential Spectrum Metals in turning 30,000oz into 350,000oz gold with
development. That is our real focus in the short to medium term.” his team – an incredible achievement – will hold us in good stead
at the Ashburton project. We are already looking to expand the
Reinehr is no stranger to the Pilbara region, as he held a large
team and bring on some more people, very smart people, which
tenement area alongside Northern Star and the Paulsens mine
will be fantastic for us.
prior to Kalamazoo listing on the ASX.

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