Kaiser Reef Converts Union Hill Waste Dumps into Long-Life Stockpile at Maldon

Kaiser Reef Ltd ( (AU:KAU) ) has issued an announcement.

Kaiser Reef has reclassified the historical Union Hill waste dumps at its Maldon Gold Project into an inferred low-grade stockpile estimated at 566,000 tonnes grading 0.48 grams per tonne gold, containing about 8,649 ounces. This stockpile is already being reclaimed and processed through the Porcupine Flat plant, which in January treated only Union Hill low-grade material and produced 152.3 ounces at 90.7% recovery.

The newly defined stockpile is expected to support continued processing at Porcupine Flat at around 10,000 tonnes per month through to 2030, providing a profitable operational base while broader exploration and potential mine restart studies advance. Kaiser has also strengthened its Maldon team with new exploration and project managers, is restoring site services at Union Hill, and has started permitting to reclaim additional surface stockpiles at Nuggetty as part of a forthcoming strategic plan centered on sustained processing operations.

The most recent analyst rating on (AU:KAU) stock is a Hold with a A$0.30 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 Ltd is an Australian gold miner and explorer focused on the Maldon Gold Project in Victoria, which hosts multiple historical underground mines and an operating 200,000 tonnes per annum Porcupine Flat processing plant. The company owns the fully permitted Union Hill Gold Mine, currently on care and maintenance, and is pursuing district-scale gold opportunities in a historically high-grade field.

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Technical Sentiment Signal: Buy

Current Market Cap: A$175.9M

For detailed information about KAU stock, go to TipRanks’ Stock Analysis page.