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Kaiser Reef Ltd ( (AU:KAU) ) has provided an update.
Kaiser Reef Limited has announced a new drilling program targeting the Union Hill waste dumps at the Maldon Gold Project. This initiative is part of a broader strategy to explore and potentially convert waste dump material into a low-grade stockpile, supporting the profitability of their processing plant. The company is also investigating the Nuggetty deposit, with ongoing work to assess the potential for processing additional waste dump material. These efforts are expected to enhance the company’s operational capabilities and contribute to a potential restart of mining activities.
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, with a focus on exploring and developing historical underground mines. The company owns and operates the Maldon Gold Project, which includes the Union Hill Gold Mine and a processing plant at Porcupine Flat.
Average Trading Volume: 3,175,401
Technical Sentiment Signal: Buy
Current Market Cap: A$151.4M
For an in-depth examination of KAU stock, go to TipRanks’ Overview page.