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Kaiser Reef Limited (ASX:KAU)

ALERT: Price-sensitive ASX Announcement for KAU
Current share price for KAU : $0.180 -0.215 (-54.43%)+
Announcement
Release
2 Mar 2026 8:59AM
Price at Release
$0.395
Full Release
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Summary
Kaiser Reef Limited announced the completion of its gold call option deliveries to Auramet International Inc., delivering a total of 6,000 ounces at a fixed price of A$5,300 per ounce. With the final deliveries completed, Kaiser is now fully exposed to prevailing spot gold prices, which are over A$7,000 per ounce. The company secured A$10 million in funding for the acquisition of the Henty Gold Mine, with an outstanding gold loan balance of 832 ounces remaining, to be repaid by October 2026. Kaiser's strategy focuses on strengthening its balance sheet and exploring both organic and inorganic growth opportunities.
Key Points
  • Kaiser Reef Limited completed all gold call option deliveries to Auramet International Inc.
  • 6,000 ounces of gold were delivered at A$5,300 per ounce over six months.
  • No remaining gold price caps, fully exposed to spot gold prices over A$7,000/oz.
  • Secured A$10 million funding for Henty Gold Mine acquisition.
  • Outstanding gold loan balance reduced to 832 oz with repayments due until October 2026.
  • Cash balance increased by $13.7 million, impacted by call options.
  • Kaiser aims to strengthen balance sheet and pursue growth opportunities.
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.