Australia's Kalamazoo Resources rises on Xanadu gold project acquisition

Kalamazoo Resources

22/09/2025 04:45

** Shares of Australia's Kalamazoo Resources KZR.AX surge as much as 8% to A$0.135, their biggest percent gain since September 8

** The gold miner says it acquired Xanadu gold project from Platina Resources PGM.AX to expand its Ashburton Gold project in Western Australia

** Deal to buy project achieved at modest cost, Kalamazoo adds

** KZR stock has risen 75.7%, YTD

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com))