• Processing plant throughput tested at up to 400,000tpa run rate, 33% increase over nameplate capacity
• Decline de-bottlenecking underway, allowing larger trucks for haulage
• Second underground diamond drill rig commenced, targeting resource extension and addition

Kaiser Reef Limited (ASX: KAU) is pleased to provide an update on production, productivity and growth initiatives at the Henty Gold Mine (Henty) in Tasmania. The Henty Gold Mine is an underground operation with a current Mineral Resource of 449koz @ 3.4g/t Au and an Ore Reserve of 154koz @ 4.0g/t Au. The company has achieved a processing plant throughput of up to 400,000tpa, which is a 33% increase over the nameplate capacity, without major infrastructure changes. Work is ongoing to fine-tune the processing circuit, and further enhancements are expected to yield additional benefits. The company is also undertaking decline de-bottlenecking, with equipment on site to commence floor stripping in low areas and a decline bypass underway to access additional ore. This will allow the use of larger, more productive trucks and loaders. Additionally, the company has commenced operation of a second underground diamond drill rig, targeting resource extension and addition, with an initial focus on the Cradle Zone. Kaiser's Managing Director, Brad Valiukas, commented that the company is focused on building both mine life and resilience at Henty over the next 12 months, with the upcoming 2025 Resource and Reserve statement and productivity and unit cost improvements being key priorities.

The company is focused on building both mine life and resilience at Henty over the next 12 months, with the upcoming 2025 Resource and Reserve statement and productivity and unit cost improvements being key priorities.