Kaiser Reef has identified a 4.4-kilometre-long gold-in-soil anomaly at its Maldon project in Victoria, following a low-cost soil sampling program that returned peak values of 2.7 grams per tonne.
The finding highlights a significant mineralised trend within a region that historically produced 1.75 million ounces of gold, reinforcing the project's potential as a key asset for the profitable, dual-asset producer.
The discovery comes as precious metals markets remain buoyant, with Comex gold futures recently climbing above the $4,200 per troy ounce threshold.
The discovery comes as precious metals markets remain buoyant, with Comex gold futures recently climbing above the $4,200 per troy ounce threshold.
Silver prices have also strengthened, approaching $64 per ounce.
The broader rally in gold has been supported by softer-than-expected US inflation data, which has eased investor concerns regarding further Federal Reserve rate hikes and bolstered demand for non-yielding assets.
For Kaiser Reef, the soil survey results provide a clear pathway for further exploration and potential resource definition at Maldon.