Tassie mine acquisition turns Kaiser into multi-asset gold producer

Sydney Morning Herald

08-07-2025

Since completing its Tasmanian Henty gold mine acquisition in mid-May, Kaiser Reef has processed 35,853 dry tonnes of ore gold at a head grade of 4.05g/t for 4069 ounces of gold, transforming it into a multi-asset gold producer.
Kaiser is bedding the Henty operation down nicely, achieving an 87.1 per cent metallurgical recovery rate in its first 1.5 months of ownership. And a quick look at the operation's recovery history suggests there may be room for further recovery gains.
In 2021, then-owner Catalyst Metals reported an average 94.5 per cent recovery rate at Henty. Before Catalyst took over, the mine had an average metallurgical recovery rate of 76.1 per cent.
Catalyst attributed its significant improvement to an improved process plant leach environment, including optimised cyanide levels, while retaining a low tails grade of 0.27g/t gold.
Kaiser Reef managing director Jonathan Downes said: ' This has been a landmark quarter for Kaiser, headlined by the acquisition of the Henty gold mine in Tasmania, a profitable production centre with at least a 5-year mine life, based on reserves, and fantastic exploration potential.'
'This is the single biggest quarter of production for Kaiser and we look forward to building from here.'
Kaiser Reef managing director Jonathan Downes
Kaiser Reef is a high-grade gold mining and exploration company with a focus on mining and exploring for gold in Tasmania and the Victorian goldfields, which have a long and storied mining history.
Downes said that with the Henty acquisition, Kaiser's transformation into a three-gold project operation, including two operational mines and two processing plants, had combined with the current stellar gold price environment to give the company its single biggest quarter of production.
In addition to Henty, Kaiser owns and operates the A1 gold mine, the Maldon gold mine in Victoria, which is on care and maintenance, and the Maldon gold processing plant.