Kaiser pumps out 8115 ounces of Tassie gold
Downes said the company has a strong reconnaissance and development opportunities, a solid balance sheet pipeline and is well positioned to take advantage of the increasing gold price.
The price of gold is touches the highest level of all time exceeding US $ 3900 ($ 5911) for a widespread fee with a ruthless charges against USD $ 4000 ($ 6063) per ounce.
Kaiser, 8115 ounce of gold persecution produced in the last quarter of 68,675 dry tones and 89.1 percent of a solid recovery rate came, he said.
The company is trying to increase even more numbers in HYTY, facility modifications have been completed mostly, increasing the waste detoxification capacity and increasing yield trials in a short time. Additional crushing capacity was established.
The management is working to increase its mineral resources and reserves with the expected details in Hyty and later this month.
Henty has a mineral source of 4.1 million tons of 3.4g/t gold for 449,000 ounces. This is supported by existing ore reserves of 1.2mt to 4G/T for 154,000 ounces.
The historical production of the mine is 1.4 million ounces with 8.9g/t gold.
Kaiser, a potential company, accepted to list the Hyty Project ASX, and purchased $ 15 million in cash and shares for $ 2D market limited catalyst metals and gave the catalyst to Kaiser’s maximum 19.99 percent shares.
After seizing the control of the operation for six months, Kaiser will pay 50 ounces of gold per month, 3000 ounces and Darwin target zone will catch a copyright of 0.5 percent on the gold produced from the target zone.
Buying Henty became the winner for Kaiser, which attracted more than $ 10.1 million free cash flow in June quarter and increased the bank balance to an impressive $ 24.7 million at the end of June. In July, he earned more than 28 million dollars of cash in Bank.
In particular, the company seized the control arms in Henty only on May 15th.
The management has various options due to the powerful cash flow position it finds. Debt reduction, share reproach and dividend payment are potential options. At this point he says that no decision is taken for any potential action.
Kaiser and Catalyst also made an agreement for Kaiser’s 50/50 joint venture at the Maldon processing facility and offered both companies the opportunity to remove production ounce.
The JV allows the catalyst to develop strategically placed between Victoria’s golden areas around the bendigo and Ballarat.
Increasing the capacity of the Maldon facility may ignite the processing plans of both companies and allow Kaiser to feed gold from the Maldon project if it proves that it is sufficient ounce.
In the meantime, Catalyst can send materials to the plant from the four Eagles projects in the north of Bendigo, which is an amazing 26 g/t and 70,000 ounce of gold in Boyd’s dam deposit.
When it is combined with a reinforced Henty plant and a reinforced Handy plant and a reinforced hinning plant that roars and has not yet ended in a visible end, Kaiser can now be about to hit his belts.
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