Kaiser Reef has hit the ground running since taking control of its recently purchased Henty gold mine in Tasmania, with an impressive 1200-ounce gold pour after only 10 days in the driverโs seat.
In mid-May, the company put its hands firmly on the controls at Henty, after nabbing the profitable underground gold mine in western Tasmania, 30 kilometres north of Queenstown, in a reciprocal deal with successful goldie Catalyst Metals for a $31.6 million upfront payment.
First gold produced under Kaiser Reefโs recently ownership of the Henty underground mine in western Tasmania.
With its aim to become a multi-asset Australian gold producer, Kaiser now plans to churn out more than 30,000 ounces of gold a year from Henty as it motors to its stated goal of a total 50,000 ounces a year from its Victorian and Tasmanian operations.
Management says the first gold pour likely exceeded the 1200-ounce level and is in transit to the Perth Mint for refining.
โItโs been an excellent start for Kaiser at Henty, the team is transitioning well and operational performance has been excellent.โ
Kaiser Reef executive director Brad Valiukas
With Henty now positioned as Kaiserโs flagship asset, the mine will benefit from the companyโs laser focus on driving further operational improvements and building on Catalystโs significant work.
Henty has a solid five-year mine plan based on a current mineral resource of 4.1m tonnes at 3.4 grams per tonne (g/t) gold for 449,000 ounces. This is supported by current ore reserves of 1.2mt going 4g/t for 154,000 ounces gold.
The mine is a proven gold operation with historical production of 1.4M ounces at an excellent 8.9g/t gold. Catalyst recently invested in drill platforms, tailings facilities and underground fleet equipment.
Kaiserโs management believes Henty has tremendous scope for near-mine exploration and development success, aided by some significant infrastructure, including underground and surface workshops, an administration complex and a coveted 300,000-tonne-per-annum carbon-in-leach processing plant. The plant is fully permitted to 2030.
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