Kaiser Reef Limited (ASX: KAU), the recent ASX listed gold explorer from the Lachlan Fold Belt, updated on the March 2020 quarter activities. The explorer remains focussed on the exploration activities in the flagship Stuart Town mining project amid the Coronavirus Pandemic. As the global economic situation remains grim, Gold has achieved newer heights. Kaiser Reef in reaction, acquired further leases around the Stuart Town project.
Kaiser Reef commenced the high resolution airborne magnetic and radiometric survey at the Stuart Town and also appointed Resource Potentials to assess the project and the bulk tonnage gold mineralisation. Kaiser secured 2 further exploration licenses to expand the project area and only recently, announced securing further exploration tenures at the “Macquarie North”.