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Kaiser Reef Limited (ASX:KAU)
ALERT: Price-sensitive ASX Announcement for KAU
Current share price for KAU : $0.180 -0.073 (-28.71%)+
Announcement
Release
25 Nov 2025 9:29AM
Price at Release
$0.253
Full Release
Summary
Kaiser Reef Limited announced a forthcoming drilling program targeting the Union Hill waste dumps at the Maldon Gold Project. The program involves a 240-hole, 3191-metre slimline RC drilling to evaluate the estimated 410,000m3 waste dump volume and determine the gold content. Initial findings from channel sampling returned an average grade of 0.6g/t Au, indicating potential for processing. Additionally, the company is exploring waste dump material at the Nuggetty deposit, with rock chip samples averaging 1.8g/t Au. This initiative aligns with Kaiser’s strategy to develop the Maldon Gold Project and utilize the Porcupine Flat Processing Plant profitably.
Key Points
- 240-hole, 3191-metre drilling program at Union Hill.
- Estimated waste dump volume of 410,000m3.
- Average grade from channel sampling is 0.6g/t Au.
- Potential for processing at Nuggetty with average 1.8g/t Au from rock chip samples.
- Part of a systematic approach to explore the Maldon Gold Project.
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.
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