Henty Reserves Increase by 29%

• Reserves increase by 29% to 199koz Au
• Resources steady at 438koz Au
• Second diamond drill rig commenced at Henty

Kaiser Reef Limited (ASX: KAU) has announced an updated JORC-2012 compliant Mineral Resource Estimate (MRE) and Ore Reserve Estimate (ORE) for the Henty Gold Mine in Tasmania. The updated Ore Reserve has increased by 29% to 199koz Au, while the Mineral Resource remains steady at 438koz Au. The company has brought in a second underground diamond drill rig to focus on exploration and resource extension, targeting continued Resource growth. Kaiser's Managing Director, Brad Valiukas, stated that the company is focused on building both mine life and resilience at Henty, with plans to increase the processing rate, de-bottleneck the decline, and bring in more productive equipment to drive performance improvements. This announcement confirms Kaiser's transformation into a profitable gold producer, with Henty providing a solid production and cashflow base on which to build the company.

Targeting consistent production above 30,000oz per annum Au, building during FY 2026.

The company is focused on building both mine life and resilience at Henty over the next 12 months, with plans to increase the processing rate, de-bottleneck the decline, and bring in more productive equipment to drive performance improvements.