Kaiser Reef: an emergence of a unique junior with attractive portfolios

  • May 20, 2020 AEST
  • Team Kalkine
Kaiser Reef: an emergence of a unique junior with attractive portfolios

Kaiser Reef Ltd (ASX:KAU) , the unique gold explorer and the new entrant to the ASX, now has two key projects in its arsenal. The Stuart Town gold project continues to be the flagship gold project for Kaiser Reef. The gold explorer recently announced securing further exploration tenure at the prospective and mineral rich Macquarie Arc.

Kaiser betting big on the Lachlan Fold Belt

The Lachlan Fold Belt of the New South Wales is a mineral rich region expiring an exploration revolution. In fact, mining explorers of all scales have been fishing for the exploration ground in the Lachlan Fold Belt. The gold explorers from majors to the newest explorers are striving to get a section of exploratory ground on the Lachlan Fold Belt following the shining exploration results from the projects in the region. The region includes large scale Au-Cu porphyry which is the desired mineralisation for the miners and given the polymetallic nature of the mineralisation has led the operating mines to operate at one of the least operating costs with vast mineral resources in their kitty.

To read more on the Kaiser Reef’s position in the Lachlan Fold Belt: Click Here

The two gems of Kaiser Reef

The flagship Stuart Town Gold project is located in between the Newcrest’ Cadia Valley operations and the Alkane’s resources new discovery at Boda project. Kaiser Reef recently secured additional explorational license at the Stuart Town mining project.

 

Source: Kaiser Reef

Source: Kaiser Reef

 

Historic gold mining at the Stuart Town gold fields commenced in 1850s, with over 170,000 ounces of reported gold production. In fact, Kaiser Wilhelm mine, is the largest recorded gold producer which produced over 112 kilograms of gold at an average sorted grade of 24 grams of Au per tonne of ore. More than 80 quartz vein (lode gold) and alluvial gold occurrences have been recorded within the Stuart Town mining district.

The geology of the Stuart Town gold project has been interpreted similar to the mega Ravenswood gold operations. The Newcrest mining owned Cadia-Ridgeway gold operations is a series of open cut and underground gold mining operations which is one of the largest gold mining operations in the country producing over 913,000 ounces of gold and 91,000 tonnes of copper at an All-in Sustaining Cost (AISC) of $132 per an ounce of gold. Alkane Resources in February 2020 intersected 689m with 0.46g/t gold, 0.19% copper, 402 metres deep into the hole at the Boda project.

Kaiser Reef has also secured exploration tenures at the northern Macquarie Arc. The project is expected to be known as the “Macquarie North” copper gold project and is also located on the Lachlan Fold belt. The two exploration licenses, ELA 5948 and ELA 594, for the highly prospective porphyry copper gold mineralisation style along the strike length of 80 kilometres.

Kaiser Reef Secures further Exploration License Applications: Must Read

The project is located in the neighbourhood of ventures owned by FMG Resources Pty Ltd and Kincora Copper Australia Pty Ltd. The larger portfolio of the key exploration projects in the Lachlan Fold Belt will assist enhance the value generation opportunities for the gold explorer.

Kaiser Reef traded at $0.330 a share on 20 May 2020 (AEST: 12:35pm), with a market capitalisation of $11.21 million.

Please Note: All financials mentioned above are in AUD, unless otherwise specified.

 


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