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New appointments poised to establish Kaiser Reef Limited as a substantial gold producer

Summary

  • KAU ended 10 February 2021 at $0.45 a share.
  • Kaiser owns the operational A1 gold mining mine and Maldon processing plant in the Victorian goldfields along with substantial exploration projects in Victoria and the NSW.
  • The new appointments will strengthen KAU’s position across operations, exploration, advisory, finances and management domains to emerge as a substantial gold producer.

Gold mining player, Kaiser Reef Limited (ASX:KAU) updated on the new seasoned and qualified Victorian appointments to its leadership team at Kaiser Reef. It is an exemplary feat what Kaiser Reef has so far achieved in the past 11 months since listing.

The new Victorian appointments include-

  • Chief Financial Officer – Andy Tran
  • Mining Manager – Tony Thomas
  • Executive Director to the Board – Stewart Howe

Our latest virtual meet with Mr. Jonathan Downes, MD , Kaiser Reef Ltd at the Executive Corner.

New Appointments to tap on Victorian gold opportunity

The new appointments outline Kaiser’s proactivity and dynamic nature to strengthen its talented team for building a significant and profitable gold business in the Lachlan Fold Belt (LFB).

Mr Andy Tran has been appointed as the Chief Financial Officer of Kaiser Reef. Mr Tran is a mining experienced financial manager with extraordinary computer skills. Most recently, he served as the Group Manger Finance for St Barbara Ltd. In the past, he held multiple key leadership positions at ANZ, Newmont and the Reservoir Group.

Kaiser believes that Mr Tran’s skills would prove to be invaluable as the gold miner seeks to tap corporate growth opportunity to emerge as a substantial gold producer. He will commence his services on 8 March.

Read Here: Kaiser Reef Limited (ASX:KAU) announced initial drilling results for newly acquired A1 gold mine

Mr Tony Thomas will join Kaiser Reef’s team as the Mining manager. Mr Thomas is a mining engineer with extensive experience across gold and base metals mining in Australia and abroad. In the past, he held senior positions at numerous mining players including Pasminco, Zinifex, Ivanhoe, Evolution, FMR and Consolidated Tin Mines.

Mr Thomas will be critical to establishing a safe and profitable mining operations from its resource base at Kaiser’s operational assets. He will commence his specialized services on 8 March 2021.

Mr Stewart Howe has been critical to the acquisition of Centennial assets. In the past 12 years, he held key advisory roles to boards, private equity, and financiers to restructure and acquire mining assets. Mr Howe is a director of publicly traded company Galena Mining Limited and also chairs the Board of Whittle Consulting, a mining services company.

Mr Steward will compliment the board and would provide the critical support and inputs towards growth opportunities across Kaiser’s portfolio. He will commence his services on a part time basis immediately. Mr Stewart has elected to take a significant component of his remuneration in form of equity (conditional on regulatory and shareholder approval) upon achieving production milestones and increasing share prices. The equity component will be issued as per KAU’s Option plan and Performance Rights.

The current board at Kaiser is excited and pleased with the high calibre appointments that will enhance the prospect for the gold producer and shareholders in the future.

Suggested Reading: Gold miner, Yes! Gold miner - Kaiser Reef Limited (ASX:KAU) re-lists on ASX

Kaiser Reef traded at $0.45 a share, up by ~17%, on 10 February 2021 with a $44.23 million market capitalisation.

*All financial information pertains to Australian Dollars unless stated otherwise.

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