Kaiser Reef Ltd (AU:KAU) has released an update.
Kaiser Reef Ltd reported a productive quarter ending June 2024, generating $4.6 million in gold revenues with 1,330 ounces produced at a realized price of AUD$3,539 per ounce. Noteworthy developments include the significant advancement of the Nova mineralization at the high-grade A1 Gold Mine and successful access to the promising Dukes Reef, which is expected to boost the upcoming September quarter’s production. The company also secured a strategic $5 million placement for the A1 Nova Gold Mine’s development and upgraded the Maldon gold processing plant to enhance future gold recovery and cash flow.
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