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Kalgoorlie Gold Mining secured $1.4 million through a two-tranche Placement and plans to raise up to $0.5 million via a Share Purchase Plan (SPP).
Funds will be used for drilling and assessment of the Pinjin project, including extension of shallow, high-grade gold mineralization at Kirgella Gift and investigating the strong lithium potential in the region.
Eligible shareholders will be offered the opportunity to participate in the SPP, targeting an additional $0.5m in gross proceeds.