We are pleased to announce that Kaiser Reef Limited (Kaiser) has been admitted to the Official List of the Australian Securities Exchange today, and will commence trading at 1pm Eastern Standard time (10am Perth time) on Friday 28th February, 2020 under the ticker KAU.
It is no secret that the New South Wales Lachlan Fold Belt is currently enjoying a renaissance and we consider our licences held in this region to be highly prospective. Kaiser has a 100% ownership of the Stuart Town goldfield and has the significant benefit of an exceptionally tight capital structure. The company is seeking to identify a bulk tonnage source of mineralisation below the historic goldfield and below the large scale soil anomaly and geophysical targets, that are considered to be effectively untested. Our project is located between Cadia (Australia’s largest gold mine) owned by Newcrest and Alkanes new gold porphyry discovery – the Boda project.
We thank you for your support and are pleased that the Initial Public Offering was so strongly bid. We look forward to hunting for elephants in the backyard of New South Wales and sharing in the success of our small focused explorer.
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