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An update from Kaiser Reef Ltd ( (AU:KAU) ) is now available.
Kaiser Reef Limited has announced positive results from its diamond drilling program at the Union Hill Open Pit within the Maldon Gold Project. The drilling confirmed gold mineralization in 18 out of 19 effective holes, with significant intercepts indicating high-grade gold presence. The results support further exploration and development efforts, positioning the Maldon Gold Project as a key growth asset for Kaiser Reef. The company plans to re-establish underground exploration platforms and continue drilling to explore unmined extensions, which could enhance its operational capacity and market positioning.
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 is a company operating in the gold mining industry, focusing on the exploration and development of gold projects. Its primary operations are centered around the Maldon Gold Project, which includes historical underground mines and an operating processing plant at Porcupine Flat. The company aims to expand its exploration efforts and enhance its gold production capabilities.
Average Trading Volume: 3,146,900
Technical Sentiment Signal: Buy
Current Market Cap: A$181.1M
See more insights into KAU stock on TipRanks’ Stock Analysis page.