• Henty Gold Mine produces 8,115oz Au, up 30% from previous quarter
• Maldon Gold Project drilling returns high-grade results, expanding resource potential
• A1 Gold Mine placed on care and maintenance after strategic review

Kaiser Reef Ltd (ASX: KAU) has reported an excellent quarter, with the Henty Gold Mine producing 8,115oz of gold, its best performance in almost 7 years. The company has also made significant progress at the Maldon Gold Project, with a 22-hole, 960m diamond drilling program completed at the Union Hill mine, returning high-grade results that confirm the presence of unmined extensions of the Eaglehawk Reef. At the A1 Gold Mine, the company has made the tough decision to place the operation on care and maintenance after a strategic review identified a lower gold endowment than expected within the Nova Zone. The quarter also saw Kaiser strengthen its financial position, with a closing cash balance of $29.4 million and a reduction in its gold loan. The company is focused on building mine life and resilience at Henty, with plans to increase processing throughput and continue exploration and resource extension work. At Maldon, Kaiser is now in a position to drive the project forward as a key growth asset, with numerous historical mines and lines of working that remain substantially underexplored.

Kaiser is focused on building both mine life and resilience at the Henty Gold Mine over the next 12 months, targeting consistent production above 30,000oz Au per annum. The company is also committed to driving the Maldon Gold Project forward as a key growth asset, with plans to re-establish the underground as an exploration platform and commence active work in January.