Kaiser doubles down in Victoria with round-the-clock gold
Kaiser Reef has increased throughput at its Porcupine Flat processing plant in Victoria by transitioning to a two-shift, near round-the-clock operation at its Maldon gold project. The expansion aims to reduce processing costs and support exploration of high-grade targets using cash flow from operations. The company is also preparing for underground development and refurbishment at Union Hill while maintaining strong cash reserves from its Henty mine in Tasmania.
- ▪Kaiser Reef has doubled throughput at its Porcupine Flat processing plant with minimal increase in personnel and costs.
- ▪The plant is processing material from a 566,000-tonne stockpile that will sustain operations at 10,000 tonnes per month through 2030.
- ▪Maldon operations are expected to become near self-funded, supporting exploration of high-grade targets in underexplored historical mines.
- ▪The company is preparing to refurbish the Union Hill underground and has established a northern drilling platform to test high-grade spur veins.
- ▪Kaiser’s Henty mine in Tasmania generated $14.28 million in net operating cash in the March quarter, contributing to $45.6 million in total cash reserves.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.