Kaiser Reef to Make More Gold in Victoria and Tasmania

Kaiser Reef is working to produce more gold. They are focusing on their Henty mine in Tasmania and their Maldon project in Victoria. The company wants to find more gold and make their mines last longer.
By Newsroom | Business, Mining |

Kaiser Reef, a gold producer, is enacting a plan to increase its gold output and extend the life of its mines. The company is focusing on its Henty mine in Tasmania and its Maldon project in Victoria. This strategy is being pursued amidst a strong gold market.

Kaiser Reef plots golden growth path for Vic, Tassie mines - 1

Operational Highlights and Strategic Direction

Kaiser Reef's approach centers on two primary assets: the Henty Gold Mine in Tasmania and the Maldon Gold Project in Victoria. The company aims to boost gold production, lengthen mine operational timelines, and explore for more gold in these areas.

Kaiser Reef plots golden growth path for Vic, Tassie mines - 2

  • The Henty Gold Mine is described as Kaiser Reef's key operational asset. It currently produces approximately 30,000 ounces of gold per year. The mine has established infrastructure both above and below ground, along with a processing plant with a capacity of 300,000 tonnes per annum. Recent reports indicate that the processing plant has achieved a run-rate of around 400,000 tonnes per annum, surpassing its original capacity. This has contributed to a 29% increase in ore reserves at Henty, now estimated at 199,000 ounces at a grade of 3.28 grams per tonne. This reserve upgrade suggests a mine life outlook of over six years, targeting more than 30,000 ounces of gold per year.

  • The Maldon Gold Project in Victoria features a 200,000 tonne per annum gold processing facility. This project has a significant historical production record, with over 1.75 million ounces of gold recovered at an average grade of 28 grams per tonne from quartz reefs. Current resources at Maldon are estimated at 1.3 million tonnes grading 4.4 grams per tonne for 187,000 ounces of gold. Recent drilling in the Union Hill open pit area has identified high-grade gold continuity along the Eaglehawk Reef. Visible gold has also been observed in some veins within this area. Drilling results from the A1 gold mine, part of the Maldon project, have shown high-grade intercepts, such as 0.20 meters at 65.1 grams per tonne and 0.40 meters at 40.9 grams per tonne.

Resource Expansion and Production Targets

Kaiser Reef's strategy includes increasing resource figures and production levels. The company has a short-term ambition to become a 50,000 ounce per annum gold producer, combining output from its Tasmanian and Victorian operations.

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  • Henty Mine: Ore reserves have been increased to 199,000 ounces. The processing plant's capacity has been enhanced, leading to a higher run-rate that allows for greater ore throughput.

  • Maldon Project: The Union Hill area holds a resource of 187,000 ounces. In-pit drilling has confirmed high-grade gold continuity, which may facilitate future underground mining operations. Drilling at the A1 mine has yielded strong high-grade gold intersections, potentially impacting future production plans.

Management and Future Outlook

Brad Valiukas has been appointed as the Managing Director, tasked with guiding the growth of Kaiser Reef's operations, particularly in Tasmania. The company views the Maldon project as a potential secondary processing hub, complementing its Henty operations.

  • The Henty Gold Mine is operational with significant infrastructure.

  • The Maldon Gold Project has a permitted underground component and an operational processing plant.

  • The Union Hill mine is currently on care and maintenance but possesses a notable gold resource.

Read More: Kaiser Reef Plans to Make More Gold in Tasmania and Victoria

The company's clear strategy involves leveraging the current gold price to expand production and mine life across its portfolio.

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Frequently Asked Questions

Q: What is Kaiser Reef doing?
Kaiser Reef is planning to make more gold at its mines in Tasmania and Victoria. They also want to find more gold and make their mines work for a longer time.
Q: Which mines are they focusing on?
They are working on the Henty mine in Tasmania and the Maldon project in Victoria.
Q: How much gold does the Henty mine make now?
The Henty mine makes about 30,000 ounces of gold each year. They have also found more gold there.
Q: What is special about the Maldon project?
The Maldon project in Victoria has a history of finding a lot of gold. They are finding more gold there now, and they have a plant to process it.