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Kaiser Reef Ltd ( (AU:KAU) ) has provided an announcement.
Kaiser Reef has expanded operations at its Maldon Gold Project in Victoria by moving the Porcupine Flat Processing Plant to a two-shift, day-and-night schedule from Monday to Thursday, effectively doubling throughput for only a modest increase in staffing and costs. The plant is currently fed largely by low-grade stockpiles from Union Hill, and management expects the higher utilisation to cut processing costs per tonne and bring the site close to self-funding, including exploration.
The Union Hill stockpile is expected to support processing at around 10,000 tonnes per month until 2030, while small-scale ore purchases continue, and underground refurbishment and rehabilitation at Union Hill are set to begin shortly. The operational shift is part of Kaiser Reef’s broader strategy to grow production and reserves across its dual-asset platform, repositioning Maldon for growth and reinforcing the company’s status as a profitable gold producer with clear priorities across its Tasmanian and Victorian assets.
More about Kaiser Reef Ltd
Kaiser Reef Limited is an established Australian gold producer operating the Henty Gold Mine in Tasmania and advancing the high-grade Maldon Gold Project in Victoria’s historic Golden Triangle. The company runs underground mining operations supported by conventional processing plants and aims to grow production, expand reserves, and leverage dual processing infrastructure to deliver sustainable cash flow and long-term shareholder value.
Average Trading Volume: 2,577,344
Technical Sentiment Signal: Buy
Current Market Cap: A$157.4M
For an in-depth examination of KAU stock, go to TipRanks’ Overview page.