• Henty production run-rate target increased to 35kozpa Au from late FY'27
• Maldon to unlock district-scale potential via data generation, target testing, and Union Hill refurbishment
• Balance sheet management with self-funded growth and exploration works

Kaiser Reef Limited (ASX: KAU) has provided an update on its strategic plans for the Henty Gold Mine and Maldon Gold Project. For Henty, the company is targeting a production run-rate of 35kozpa Au from late FY'27, with continued investment in the mine and processing plant, including maintaining a second diamond drill rig for resource and reserve growth. Near-mine and regional exploration will also commence in FY'27. For Maldon, Kaiser is undertaking a systematic process to unlock the project's district-scale potential, including data generation, target definition and testing, and refurbishment of the Union Hill mine in preparation for potential future production. The company has put in place an experienced exploration and project management team to oversee these works. All growth and exploration activities will be self-funded from Kaiser's underlying cash flow, with a portion allocated to these initiatives. The company's balance sheet continues to improve, with the last of the call options and other liabilities associated with the Henty transaction being progressively reduced and closed out.

Kaiser is well-positioned to capitalize on a strong gold price and add significant further value to its Henty and Maldon assets through targeted investment in exploration, development, and production growth.