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Kaiser Reef Limited (ASX:KAU)

ALERT: Price-sensitive ASX Announcement for KAU
Current share price for KAU : $0.175 -0.155 (-46.97%)+
Announcement
Release
11 Feb 2026 9:49AM
Price at Release
$0.330
Full Release
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Summary
Kaiser Reef Limited announced the results of their recent drilling program at the Union Hill waste dump site. The program consisted of 163 drill holes covering 2212 meters, based on a 20x10 meter grid. These results, which follow channel sampling conducted the previous year, informed the latest stockpile estimates. The Union Hill stockpile contains an estimated 0.57 million tonnes at a grade of 0.48 g/t Au, totaling approximately 8.6 thousand ounces of gold. The waste dump material is being reclaimed and processed at the Porcupine Flat Processing Plant, and this operation is expected to continue. Additionally, Kaiser is exploring further waste dump material at the nearby Nuggetty deposit with a potential processing plan pending permit applications. The announcement also included updates on the company's Victorian operations, specifically at the Maldon Gold Project, and their Tasmanian operations at the Henty Gold Mine.
Key Points
  • Drilling at Union Hill consisted of 163 holes over 2212 meters.
  • The stockpile at Union Hill is estimated at 0.57 million tonnes at 0.48 g/t Au.
  • The material is being processed at the Porcupine Flat Processing Plant.
  • Further investigations are underway at the Nuggetty deposit.
  • Kaiser Reef is active in both Victoria and Tasmania with significant gold resources.
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.