Kaiser Reef - KAU (ASX) News & Expert Insights from Stockhead

Kaiser is Australia’s highest grade ASX listed gold producer and exploration company with a clear focus on the Victorian Goldfields. Kaiser is currently the only ASX listed gold producer in the rich Victorian goldfields. Kaiser is currently commissioning a significant increase in gold production at the A1 Mine and hopes to increase revenues and margins in the near term.

The company was listed on the ASX on February 2020 and has acquired the operating the A1 Gold Mine in Victoria and accompanying processing plant. The processing plant which treats A1 ore is located at Maldon. The Maldon goldfield was a very large historic producer (2.1 million ounces of gold at 28 g/t gold) and Kaiser intends to intensively explore this project, which is located within a granted Mining Licence and is permitted to mine, with the intention of recommencing mining as a second operation. The processing plant has strong excess capacity to treat ore from a second mine.

Kaiser owns a 100% interest in all of its assets and is an owner operation of its mining fleet and has no debt or hedging.

KEY PEOPLE

Jonathan has more than 25 years’ experience in the mining industry and has worked in various geological and corporate capacities. Jonathan has experience with nickel, gold and base metals and has also been involved with numerous private and public capital raisings. Jonathan was a founding director of Hibernia Gold (now Molly Mines Ltd) and Siberia Mining Corporation Ltd and is currently a director of Galena Mining Limited, and is a non-executive Director of Corazon Mining Limited. The Board considers that Jonathan is not an independent Director.

Adrian has more than 20 years’ experience in the mining industry with extensive experience as a Board member of ASX, TSXV and AIM listed companies. This experience has principally been gained both listed and unlisted entities around the world through the operation of as well as the evaluation and development of mining products for a range of base, precious and specialty metals and bulk commodities. Adrian is currently on Boards of ASX listed Infinity Lithium Corporation Limited, Galena Mining Limited, Minerals Limited and Kingwest Resources Limited and TSXV listed Sarama Resources Ltd.

Stewart has +40 years’ experience in the global resources industry including the last 18 years in mining. Stewart spent 6 years as Chief Development Officer of Zinifex Limited, where he directed the spin-off of Zinifex’s smelters to create Nyrstar N.V. and restarted development of Dugald River Mine now owned by MMG. During the past 12 years Mr Howe has provided advisory roles to boards, private equity and financiers related to restructuring and acquisition of mining assets in base metals and bulk commodities. Mr Howe is an experienced director, chairing the board of Whittle Consulting Group and serving on the boards of a government owned water authority and not-for-profit organisations.