(NewsDirect)
Kalamazoo Resources Ltd (ASX:KZR) CEO Luke Reinehr tells Proactivethe company is set to spin out its Australian lithium projects into anew ASX-listed exploration company, via a demerger and concurrentinitial public offering (IPO) of Kali Metals Ltd (proposed ASX code:KM1). He says the move will allow Kalamazoo to focus on thedevelopment of its flagship Ashburton gold project in the Pilbara. Theasset has an existing resource of 1.44 million ounces at 2.8g/tgold.
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JonathanJackson
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