USD $4,136.96
Goldman Transformational deal secures multi-asset growth for Kaiser Reef
Kaiser Reef Limited (ASX:KAU) has completed the acquisition of the Henty Gold Mine and associated Tasmanian exploration tenements from Catalyst Metals Limited (ASX:CYL), officially positioning the company as a multi-asset Australian gold producer.
Key Highlights:
- Transformational acquisition solidifies Kaiser as a +30kozpa gold producer, with a clear growth path toward +50kozpa.
- Historical production from Henty totals 1.4Moz at 8.9g/t Au², with JORC Ore Reserves of 1.2Mt at 4.0g/t Au for 154koz³.
- Fully permitted 300ktpa CIL plant with strong infrastructure and a workforce exceeding 150 personnel.
- Strategic partnership with Catalyst, now a 19.99% shareholder in Kaiser, opens potential for joint development of the Maldon processing plant.
- Well-funded post-acquisition, including a successful $30 million placement and a $10 million facility with Auramet International Inc.
Jonathan Downes, Managing Director of Kaiser, commented:
We are delighted to officially welcome the Henty Gold Mine and its team into the Kaiser portfolio. The acquisition of the profitable Henty Gold Mine significantly strengthens our production base, provides compelling near-mine exploration opportunities, and establishes the Company as a leading high-grade gold producer in Australia.
Catalyst has built a strong and profitable operation at Henty over the past four years, and we are committed to building on that success. Their continued involvement as a major shareholder and potential JV partner at Maldon supports a collaborative approach to value creation.
