Kaiser Reef

Production Increasing and High Grade Lodes

Kaiser Reef Limited ( ASX: KAU) ("Kaiser" or the "Company") is pleased to announce a further significant milestone since the announcement of reaching operationally profitable production in the last quarter. Kaiser has commenced mechanised production from the Queens Lode as part of the continuing production ramp-up. The increased production from the Queens Lode will form a production baseload for 2022 and will be supplemented with continuing high grade airleg production.


  • Commercial production at the Queens Lode commences
  • The last 4 weeks of mined grade returned 20 g/t gold with an estimated 98% gold recovery, after milling and processing
  • Queens Lode Production to form 2022 baseload with continuing high grade airleg production

Kaiser Reef Queens Lode Ore Body

Figure 1: Kaiser employees charging the first production hole of the Queens Lode ore body, with firing recently completed.

Kaiser's Managing Director, Jonathan Downes, said: "We are very pleased to commence commercial mining at the Queens Lode- a lot of exploration and development work was required to get to this point and it is a testament to the determination of the team. In addition, achieving a 20 g/t gold head grade delivered to the mill is a great outcome. As we reach lower levels in this mine, we can expect to see increasing amounts of this high-grade material which is also very exciting."

Commercial mining of the Queens Lode is now being conducted from the 1260mRL and the decline has been extended to the 1250mRL. The Queens Lode is expected to deliver a substantial increase in mined tonnes but at a lower head grade.

Kaiser is also pleased to report the increased production from high grade lodes at the 1280mRL and these are delivering a strong increase in head grades. These areas have only become accessible to Kaiser through the extension of the decline which commenced in mid-2021. This is reflected in production from the 4 weeks up to 13 February, where the gold feed grade at the plant was estimated at 20.0 g/t gold with an estimated 98% gold recovery, after milling and processing.

Encountering previously unmined lodes is a pleasing trend which the Company believes will continue as the operations approach a depth in the mine that has seen progressively less historic mining. Ultimately, an increase in grade is anticipated when the historic mining limit is reached, bearing in mind that the historic recovered grade of approximately 26 g/t gold (Figure 2).

Click here for the full ASX Release

This article includes content from [Company Name], licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.


KAU:AU
The Conversation (0)
  Asara Resources Limited

Asara Recommences Exploration Activities at Kada

Asara Resources Limited (ASX: AS1; Asara or Company) is pleased to announce that it has recommenced exploration activities at its flagship asset, the Kada Gold Project in Guinea (Kada).

Keep reading...Show less
  Artemis Resources

High-Grade Gold & Copper Assays at Thorpe Prospect

Artemis Resources Limited (‘Artemis’ or the ‘Company’) (ASX/AIM: ARV) is pleased to provide an update on further exploration undertaken on the 100% owned Karratha Gold Project in the West Pilbara region of Western Australia.

Keep reading...Show less
New Murchison Gold Limited

New Murchison Gold Provides a Mineral Resource Update for the Crown Prince Deposit

New Murchison Gold Limited (ASX: NMG) (“NMG” or the “Company”) is pleased to announce an updated Mineral Resource Estimate (MRE), reported in accordance with the JORC Code, for the Crown Prince Deposit (Crown Prince) at the Company’s flagship Garden Gully Gold Project (Garden Gully) near Meekatharra, Western Australia.

Keep reading...Show less
Mardi Gras mask.

New Orleans Investment Conference Marks 50 Years of Market Insights and Contrarian Wisdom

Taking place a few weeks later than usual — likely to accommodate the US election — this year's New Orleans Investment Conference saw many resource sector analysts, newsletter writers, speculators and contrarians offer insight on the economy, potential market movements and which commodities to watch.

Hosted by Brien Lundin, CEO and president of Jefferson Financial and editor of Gold Newsletter, the New Orleans Investment Conference first launched in 1975 as the brainchild of entrepreneur James Blanchard, a well-known dealer of fine coins and precious metals and the founder of Blanchard and Company.

Blanchard was fondly remembered at the conference's 50th anniversary by presenters and panelists, including popular investor and speculator Rick Rule, proprietor of Rule Investment Media.

Keep reading...Show less
Wooden sign saying "Welcome to Côte d'Ivoire."

Côte d'Ivoire: The Golden Frontier of West African Mining

As global investors seek new frontiers in the precious metals sector, Côte d'Ivoire is rapidly emerging as a high-potential gold region in West Africa. This West African nation, known for its stable political climate and pro-mining regulations, is becoming an increasingly attractive destination for gold exploration companies and investors alike.

Côte d'Ivoire's geological landscape is dotted with significant gold deposits within and nearby, including Resolute Mining’s (ASX:RSG,OTC Pink:RMGGF) renowned Syama deposit in Mali with gold resource of 10.3 million ounces, the Sissingué gold mine, which produces 70,000 to 100,000 ounces of gold per year, and Barrick Gold's (TSX:ABX,NYSE:GOLD) prolific Tongon operation.

These substantial resources are just some of the known deposits that underscore the country's potential to become a major player in the global gold-mining industry.

Keep reading...Show less
Gold bars and Australian dollars.

Rua Gold Acquires Siren Gold's Reefton Assets for AU$22 Million

Siren Gold (ASX:SNG) announced on Tuesday (November 26) that it has completed the sale of its wholly owned subsidiary, Reefton Resources, to Rua Gold's (TSXV:RUA,OTCQQB:NZAUF)wholly owned subsidiary, Reefton Acquisition.

Reefton Resources is the owner of the Reefton project in New Zealand.

The sale will establish Rua Gold as a dominant landholder in the Reefton region, with approximately 1,196 square kilometers of tenements in the historical and past-producing Reefton Goldfields, which produced over 2 million ounces at 15.8 grams per tonne gold.

Keep reading...Show less

Latest Press Releases

Related News

×