Kaiser Reef Increase Henty Reserves by 29%
Kaiser Reef (ASX: KAU
Announced an updated JORC-2012 compliant Mineral Resource Estimate and Ore Reserve Estimate for the Henty Gold Mine.
The Henty Gold Mine is an underground operation located in Tasmania’s West Coast region, near Queenstown, with an updated Mineral Resource of
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Henty Gold mine, Tasmania – Credits Kaiser Reef
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| Kaiser Reef | ASX : KAU | |
| Stage | Production, Development, Exploration | |
| Metals | Gold | |
| Market cap | A$184 million @ A$0.31 | |
| Location | Victoria, Tasmania | |
| Website | www.kaiserreef.com.au/ |
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KAISER REEF INCREASE HENTY RESERVES BY 29%
HENTY 2025 RESOURCE & RESERVE UPDATE
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Kaiser Reef Limited (ASX: KAU) (“Kaiser” or “the Company”) is pleased to announce an updated JORC-2012 compliant Mineral Resource Estimate (MRE) and Ore Reserve Estimate (ORE) for the Henty Gold Mine (Henty).
The Henty Gold Mine is an underground operation located in Tasmania’s West Coast region, near Queenstown, with an updated Mineral Resource of 438koz @ 3.3g/t Au and an Ore Reserve of 199koz @ 3.3g/t Au.
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HIGHLIGHTS
Reserves increase by 29% to 199koz Au:
Updated reserve of 1.89Mt @ 3.28g/t for 199koz Au, a29% increase from last published Reserve of 154koz, first published 11th October 2024 by Catalyst Metals Limited (ASX:CYL) (Catalyst), restated by Kaiser 24th March 2025.
Depletion during the period to 30th June 2025 was 25.7koz.
Demonstrates increased mine life at Henty of >6 years, targeting consistent production above 30,000oz per annum Au, building during FY 2026.
Resources steady at 438koz Au:
Updated Resource of 4.11Mt @ 3.32g/t for 438koz Au
Second diamond drill commenced at Henty focused on exploration and resource
extension.
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Kaiser’s Managing Director, Brad Valiukas, commented:
“We continue to see significant upside at Henty, and I’m very pleased with the near 30% increase in Reserves we are now reporting.
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“We are focused on building both mine life and resilience at Henty over the next 12 months.
“We have brought in the second underground diamond drill rig, giving us dedicated capacity for exploration and resource extension, ultimately targeting continued Resource growth.
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“We have committed to increasing the processing rate, which removes a significant constraint on underground production potential, de-bottlenecking the decline so we can deliver to the processing plant, and bringing in more productive equipment as key improvements to drive performance.
“We expect to see continued improvements across the business during the financial year.
“This is another step that confirms Kaiser’s transformation into a profitable gold producer, with Henty providing a solid production and cashflow base on which to build the Company.”
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To read the full news release please click HERE
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Disclosure
At the time of writing the author holds shares in Kaiser Reef.
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