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An announcement from Kaiser Reef Ltd ( (AU:KAU) ) is now available.
Kaiser Reef Limited has completed a drilling program at the Union Hill waste dump within the Maldon Gold Project, drilling 163 holes over 2,212 meters. The company is assessing the potential to convert the waste dump into a low-grade stockpile, which could support the profitable operation of its processing plant and exploration efforts. Initial results are promising, with systematic sampling indicating an average grade of 0.6g/t Au. The company is also investigating waste dump material at the nearby Nuggetty deposit, with ongoing processing potential.
The most recent analyst rating on (AU:KAU) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Kaiser Reef Ltd stock, see the AU:KAU Stock Forecast page.
More about Kaiser Reef Ltd
Kaiser Reef Limited operates in the gold mining industry, focusing on the exploration and development of gold projects. The company owns and operates the Maldon Gold Project, which includes historical underground mines and a processing plant at Porcupine Flat. Kaiser is actively exploring the potential of waste dump materials at its Union Hill and Nuggetty sites.
Average Trading Volume: 2,228,745
Technical Sentiment Signal: Buy
Current Market Cap: A$166.3M
See more insights into KAU stock on TipRanks’ Stock Analysis page.