Kaiser Reef Ltd ( (AU:KAU) ) has issued an update.
Kaiser Reef Ltd has entered into a definitive agreement to acquire the Henty Gold Mine from Catalyst Metals Limited, marking a significant transformation into a multi-asset gold producer. This acquisition, supported by a $30 million placement and additional funding from Auramet, positions Kaiser to increase its annual gold production to over 30,000 ounces, with potential growth to 50,000 ounces. The deal includes a strategic partnership option with Catalyst in the Victorian goldfields, enhancing Kaiser’s operational capacity and market positioning.
More about Kaiser Reef Ltd
Kaiser Reef Ltd is an Australian gold producer operating in the mining industry. The company focuses on gold production and exploration, with a strategic interest in expanding its operations within the Victorian goldfields.
YTD Price Performance: 6.25%
Average Trading Volume: 366,348
Technical Sentiment Signal: Sell
Current Market Cap: A$44.3M
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