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Kaiser Reef Limited (ASX:KAU)

ALERT: Price-sensitive ASX Announcement for KAU
Current share price for KAU : $0.185 -0.11 (-37.29%)+
Announcement
Release
28 Oct 2025 9:14AM
Price at Release
$0.295
Full Release
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Summary
Kaiser Reef Limited (ASX: KAU) has announced promising results from their latest diamond drilling program at the Union Hill Open Pit within the Maldon Gold Project. The program involved 22 drill holes covering a total of 960 meters, with 18 holes intersecting gold mineralization. Notable results include 5.8 meters at 5.37g/t Au and 6.9 meters at 6.05g/t Au. These results confirm the presence of high-grade gold at the Eaglehawk Reef, supporting the potential for further exploration and development. Kaiser plans to re-establish the underground decline at Union Hill to facilitate additional drilling and is optimistic about Maldon’s potential as a major growth asset. The drilling results underscore the continuity of mineralization and the existence of high-grade spur veins, providing Kaiser with a solid foundation for future exploration efforts.
Key Points
  • 22-hole, 960-meter drilling program at Union Hill.
  • 18 holes intersected gold mineralisation.
  • Significant intercept: 5.8m @ 5.37g/t Au; 6.9m @ 6.05g/t Au.
  • High-grade spur veins identified in Eaglehawk Reef.
  • Re-establishment of underground decline planned for further exploration.
  • Maldon Gold Project viewed as key growth asset for Kaiser.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.