Gold processed and reconciled at Kaiser Reef’s Maldon plant between April 1 and June 30, including feed from the A1 gold mine and third-party purchases, amounted to 10,918 dry tonnes at a head grade of 2.42g/t gold for 756.3 ounces of gold, for an 89 per cent recovery rate.
Reconciled gold mined from the A1 gold mine in that time totalled 4262 dry tonnes at a 4.03g/t head grade for 551.7 ounces of gold mined.
For the first 10 days of Henty ownership, Kaiser reported a record gold pour of about 1200 ounces, leading to the company’s estimated combined operations production rate of about 30,000 ounces of gold per year.
The Henty acquisition has positioned Kaiser as a multi-asset gold producer with significant growth potential. The operation is endowed with an estimated 449,000-ounce mineral resource at 3.4g/t gold, with 88 per cent classified in the measured and indicated categories.
Its current ore reserves of 154,000 ounces at 4g/t gold give the current show an operational mine life of more than five years, with upside for future reserves from conversion of resources and future exploration.
It will be interesting to see how things shape up for Kaiser when Henty production really comes on-song over the next few months of continuous processing and when its A1 mine transitions from its development phase to full production.
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