Overview of KAL's options prospectus

Kalgoorlie Gold Mining Limited (ASX:KAL) has issued a prospectus for the offer of up to 23,153,822 Unquoted Options exercisable at $0.032 each and expiring two years from the date of issue (SPP Options) and a further offer of up to 23,153,822 Unquoted Options exercisable at $0.06 each and expiring three years from the date of issue of the SPP Options (Bonus Options). The offer closes at 5.00pm (AWST) on 30 September 2024. The company has provided important information, corporate directory, indicative timetable, investment overview, details of the offer, application for new options, effect of the offer, risk factors, and additional information in the prospectus.

Key points from the announcement

The Prospectus was lodged with ASIC on 25 September 2024 and will be made available in electronic form. It is important for potential investors to read the entire Prospectus before deciding to invest in New Options. The New Options offered by this Prospectus are of a speculative nature, and potential investors should refer to Section 4 for details relating to investment risks. The Offer is available only to persons receiving an electronic version of the Prospectus and accompanying Application Form within Australia and New Zealand. The Company has determined the target market for the offer of New Options and will only distribute the Prospectus to those investors who fall within the target market determination (TMD) as set out on the Company's website.

Overview of KAL's options prospectus and risks

Kalgoorlie Gold Mining Limited (KAL) has issued a prospectus for the offer of Unquoted Options, providing important information, corporate directory, indicative timetable, investment overview, details of the offer, application for new options, effect of the offer, risk factors, and additional information. The company also outlined the principal risks, including exploration and development risk, future capital and funding requirements, operating risk, environmental risks, title and grant risks, land-owner and access risk, native title claims and Aboriginal heritage, third party tenure risks, mineral rights sharing on gold rights tenements, risks relating to the mining industry generally, competition risk, third party contractor risks, reliance on key personnel, staffing, climate change, occupational health and safety, insurance, unforeseen expenses, general economic climate, general market risks, commodity prices, government and legal risk, litigation risks, force majeure, taxes and royalties, taxation, and investment speculative. The terms and conditions of SPP Options and Bonus Options are also outlined, including entitlement, exercise price, transferability, and voting rights.