Tuesday, 21 February 2012

Kalgoorlie Mining Company enters voluntary suspension for Bullant Gold update

Kalgoorlie Mining Company (ASX: KMC) has gone into voluntary suspension in order to make an announcement regarding operational changes to the company’s Bullant Gold Project.

The company is rapidly progressing the Bullant project, with an ore agreement with Barrick Mines' (NYSE: ABX) Australian subsidiary generating revenue until the company can pour its own gold.

In addition, an agreement was entered with Phoenix Gold (ASX: PXG) to mill Phoenix's ore in the future.

Kalgoorlie Mining has not given any indication of the types of operational changes it has planned.

The suspension will last until an announcement is made.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/25589/kalgoorlie-mining-company-enters-voluntary-suspension-for-bullant-gold-update-25589.html

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