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Kaiser Reef extends Henty gold mine life, boosts reserves 29%, targets 30K–35K oz/year.
Kaiser Reef has extended the life of its Henty gold mine in Tasmania by boosting reserves 29% to 199,000 ounces, with a mineral resource of 438,000 ounces.
Upgrades to processing capacity to 400,000 tonnes per year and new underground drilling support a target of 30,000 to 35,000 ounces annually.
The mine generated over 8,000 ounces in its first full quarter and $10 million in free cash flow, increasing Kaiser’s cash reserves to over $28 million.
The company aims to become a 50,000-ounce-per-year producer, with plans to restart operations at the historic Maldon mine in Victoria, where drilling is complete and a joint venture with Catalyst Metals is progressing.
Kaiser Reef extiende la vida de la mina de oro Henty, aumenta las reservas en un 29%, tiene como objetivo 30K-35K oz/año.