Kaiser Reef Starts Underground Gold Dig at Maldon | Sydney News

Kaiser Reef has restarted underground mining at its Maldon gold project in Victoria after nearly eight years, launching a new drill drive to explore untapped reef systems north of existing workings. Targeting extensions of known deposits like Eaglehawk and Linscott’s — plus parallel ones called Ladies and Sailor’s — the move builds on a proven 1.75 million-ounce gold history from the site. With a nearby processing plant capable of handling 200,000 tonnes annually and $37.2 million in cash reserves, the company is poised for growth under new MD Brad Valiukas, who’s also boosting confidence by buying shares. This push comes alongside operations at their Tasmania mine, Henty. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/89322eb74da2379f