Kaiser Reef Ltd (ASX:KAU) Announces Further High-grade Results in Nova Zone Development
Development and Production Update
Kaiser Reef Limited has extended capital development 20 meters vertically into the Nova Zone at 1148m RL. Single boom ore development availability is rapidly increasing, and production ramp-up is underway. Development headings will access the Austral, Mawson, and Bass Lodes within the next four weeks, continuing the ongoing Tasma development.
Drilling Results
The decline has intercepted the Dukes Reef, extending a high-grade shoot previously mined at 1190m RL, with the first ore sample returning 40 g/t gold. Diamond drilling continues with encouraging results, including a grab sample of 4700 g/t gold. The drilling programme has a 100% rate of encountering mineralisation, supporting the expansion in the Nova Zone.
Infrastructure Projects
Mill foundation rehabilitation works and the TSF5 Lift D tailings lift have been completed. Ventilation improvements have nearly doubled airflow, enhancing lower mine flows. Final dewatering of the old workings is scheduled to begin within two weeks, facilitating further development in the Nova Zone.
Future Outlook
Kaiser Reef expects to recover more gold per vertical meter at higher grades than previous remnant mining. The 1150 Access and 1148 Sump development is complete, enabling continued development of the 1165mRL horizon. The company plans to enhance ore tonnage through increased development headings on lode structures and an ongoing diamond drilling programme set to complete in Q2 2025.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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