Tassie, Vic gold output clears Kaiser Reef debt as cash hits $40M
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Kaiser Reef produced 6263oz of gold, which increased its cash reserves to $40m. These funds allowed the company to clear a loan related to the Henty acquisition in Tasmania. The company is also moving forward with underground drilling at Maldon in Victoria.
Kaiser Reef produced 6263oz of gold, lifting cash to $40m, clearing its Henty acquisition loan in Tasmania and advancing underground drilling at Maldon in Victoria.