Kaiser owns and operates the Henty gold mine, along with a 300,000 tonnes-per-annum processing plant and substantial exploration upside.
Henty holds a mineral resource of 438,000 ounces of gold at 3.3 grams per tonne (g/t). The company believes it can substantially increase that number through further exploration, while bringing the project up to a 30,000-ounce-per-annum run rate this year.
In Victoria, Kaiser owns, operates and is actively exploring the Maldon gold project, which includes multiple historical underground mines such as the fully permitted Union Hill gold mine, which is currently in care and maintenance. The project also boasts an operating 200,000-tonne-per-annum processing plant.
Maldon has produced more than 1.75 million ounces of gold in its time, with the Union Hill mine still holding a resource of 186,000 ounces at 4.4 grams per tonne gold.
Waste dump drilling has emerged as a low-cost avenue for uncovering additional, low-hanging ounces at the historically high-grade Maldon project, forming part of Kaiser Reef’s more systematic push to generate early, low-cost cash while hunting much bigger prizes.
With gold prices still sitting well above an astonishing A$6,600 an ounce, Henty continues to pump out steady production and cash flow, while Maldon is chipping in with reliable, low-cost processing.
Kaiser Reef looks fully wound up to push its expansion deeper into 2026.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
