Successful completion of Share Purchase Plan

Kalgoorlie Gold Mining (ASX:KAL) has successfully closed its oversubscribed Share Purchase Plan (SPP), raising $602,000. The SPP, which was well supported by existing shareholders, exceeded the initial target of $500,000. The funds raised, in conjunction with the Placement, will enable KalGold to accelerate its work programs in the Pinjin area.

Managing Director and CEO's perspective

We are extremely pleased with the response to the SPP and sincerely appreciate the support of existing shareholders. We were also pleased to see demand for the SPP exceed the size of the offer. The Company wishes to thank shareholders for their continued support.

Outlook and future plans

The successful completion of the oversubscribed SPP demonstrates the strong support from existing shareholders, providing Kalgoorlie Gold Mining with the necessary funds to expedite its work programs in the Pinjin area. The Company's focus on accelerating drilling and satisfying farm-in commitments at Pinjin reflects its commitment to advancing its projects. With the issue of new fully paid ordinary shares and the upcoming General Meeting, KalGold aims to continue its exploration and development activities, leveraging the raised funds to achieve its strategic objectives. The Company's ability to secure additional funding and its proactive approach to advancing its projects position it for potential growth and further defining of gold resources in the region.