Source : THE AGE NEWS
Kaiser Reef, a wealthy gold manufacturer, has turned the page on the development curve by revealing a clear-eyed plan to increase metal production, prolong own life, and access district-scale gains at the company’s Henty mine in Tasmania and its Romantic operations at Maldon.
The company’s goals are to squeeze more ounces from the country’s already-existing system while meticulously reviving the momentum of exploration in some of Australia’s most storied goldfields. According to Kaiser, operating cash flow will be used to fund the entire project.
The company plans to increase its production run rate by 16 % to 35, 000 grams from 2027 onward thanks to plant optimization and metal exposure at its flagship Henty silver mine in Tasmania. The high-grade me already has a 4.1 million kilo metal tool that is graded 3.3.3 grams per kilogram for 438, 000 ounces of gold.
The plant has continued to operate, producing more than 1.3 million ounces of gold since its beginning in 1996, despite immediately being intended to have a five-year duration.
Kaiser has evolved over the past nine weeks into a successful silver worker.
Brad Valiukas, managing chairman of Kaiser Reefs
Importantly, despite a protracted history of ownership changes, investigation potential is still there, with new lodes and extensions frequently discovered.
The future six-kilometer mineralized corridor, which has a trend south-westward, includes former workings like the Tyndall copper me and the Lake Newton changes zone.
Brad Valiukas, managing chairman of Kaiser Reefs said: “Kaiser has transformed, over the last nine months, into a profitable gold miner with a robust balance sheet and a strong pipeline of exploration and development opportunities. We are well- positioned to both capitalise on a strong gold price and add significant further value to our assets with targeted investment.”
Kaiser claims that its Maldon metal task in Victoria is working with both its district-scale exploration program and expanding production from low-grade stockpiles and opening the Union Hill under mine.
The high-quality project has its own 200, 000 metric tons of fully functional gold processing facility and boasts traditional metal production of 1.75 million ounces at a amazing 28g/t.
Other projects will include reestablishing Union Hill’s utilities, enabling the company to begin identifying drill positions for an underground ore definition program in the fall quarter. The Union Hill mine is currently in need of care and maintenance, but it still has 186, 000 ounces of gold that is 4.4 grams per t.
Recent diamond drilling produced a number of standout hits, including 5.8m graded at 5.37g/t gold from 39m, 6.9m running at 6.05g/t gold from 30m, and 8.6m graded at 4..99g/t gold from 18.4m.
The drilling successfully demonstrated grade continuity, identified mineralization in unmined areas of the pit, and established the presence of high-grade spur veins.
Additionally, Kaiser Reef has been recycling old gold from nearby its Union Hill mine for use in currency. The average weight per tonne ( g/t ) of gold during the trial processing of 3567 tonnes of dump material was 1. 6 grams per tonne ( g/t ), with the company achieving a recovery rate of 90 %. This is a significant improvement over the previous trial sampling of 2628 tonnes, which returned a grade of 0.86g/t, which suggests there may be plenty more reprocessing upside.
The extremely lucrative Henty gold mine is Kaiser’s jewel in the crown for the time being. The company appears to be well-positioned to add more ounces to its already impressive portfolio of assets with the cash needed to finish significant exploration across its two operations.
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