• Henty Gold Mine produced 6,946oz Au and 6,526oz Ag
• Maldon Gold Project produced 715oz Au
• Cash balance increased by A$13.7M to A$43.1M
• Gold loan reduced by 312oz Au, with only 2 call options remaining

Kaiser Reef Limited (ASX: KAU) has provided an update on its quarterly production and cash balance for the quarter ending 31 December 2025. The Henty Gold Mine produced 6,946oz of gold and 6,526oz of silver (accounted as a by-product credit) during the quarter, continuing its strong performance under Kaiser's ownership. The Maldon Gold Project produced 715oz of gold, processing the last of the ore from the A1 Gold Mine and maintaining consistent feed from historical dumps and ore purchases. Kaiser's cash position increased by A$13.7 million during the quarter, closing at A$43.1 million. The company also made further reductions to its outstanding gold loan, with the balance now at 1,040oz Au. Kaiser will have only two remaining call options (totaling 2,000oz Au at A$5,300) to Auramet to fulfill, becoming fully exposed to the gold price at the start of March.Kaiser's Managing Director, Brad Valiukas, commented that the company is well-positioned to capitalize on a surging gold price, with robust gold production, a strong pipeline of exploration and development opportunities, and a solid balance sheet.

With robust gold production, a strong pipeline of exploration and development opportunities and a solid balance sheet, Kaiser is well positioned to capitalise on a surging gold price.