KAU 2.94% 16.5¢ kaiser reef limited

Ann: Drilling results and Operational Update from the A1 Mine, page-4

  1. 478 Posts.
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    Just consider when reviewing the grades, that while they look very encouraging, the drilling is completed down the structure, drilling down the zone of interest. While the location and access will dictate a lot of this, and this is possibly the only way they can drill, the drill results do not display the true width of the ore body. Hence why the are airlegging the structures. Yes good grade, but typical Victorian narrow, and as such can be problematic to mine and expensive. Hence why the place started back up in 2008? and is yet to significantly generate major profits or continuity.

    I wish them all the best, and would dearly love to see this mine back to successful operator, but lot of hard work involved
 
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