Kalamazoo Resources (ASX:KZR) has started its Mt Olympus Prefeasibility Study (PFS) at the Ashburton Gold Project in the Pilbara region of Western Australia.
Kicking off the PFS, the company held an initial meeting with all key consultants.
The company recommenced a 2,600m diamond drilling program in early January 2026, following a break over the Christmas and New Year holidays, and a third planned drill hole at 216m is now complete. In total, about 990m has been drilled in this program.
The six hole program will test and infill down-plunge extensions of both indicated and inferred resources beneath the current open pit shell design.
This first phase of drilling is scheduled to be complete by January – February 2026.
Additionally, the company announced that CEO Dr Luke Mortimer will be stepping down at the end of January 2026, having accepted a senior role with a major resource company overseas.
Executive Chairman Luke Reinehr acknowledges the contributions Mortimer has made to the company over his seven year tenure.
“Luke has played an integral role in progressing the company’s portfolio of Australian assets, particularly in recent times as Kalamazoo has taken a substantial step in progressing from gold explorer to an emerging developer,” Reinehr says.
Commenting on the PFS, Reinehr notes “Our first program of 2026 at the AGP, to test the extension of the indicated and inferred resources beneath the Mt Olympus open pit shell design, is now in full swing with the first three holes of the 2,600m campaign completed. This is the first of many drilling programs we will undertake at the AGP this year and we look forward to keeping shareholders up to date with our activities.”
Kalamazoo Resources (ASX:KZR) is an exploration company, focused on gold and base metals projects in the Central Victorian Goldfields, the Pilbara, and the Murchison in Western Australia.
Write to Amy Rotman at Mining.com.au
Images: Kalamazoo Resources
