Kaiser Reef Limited (ASX: KAU) has identified 77,427 tonnes of historical A1 tailings grading 1.25g/t gold, creating another potential feed source for its existing Porcupine Flat processing operation as the company continues extracting value from its Victorian asset base.

The first new underground development at Maldon in almost eight years moves Kaiser Reef beyond refurbishment and gives the company a platform to test several of the historic goldfield’s largely untested reef positions.

An established, cash-generating gold producer has begun a 4,350m surface drilling campaign at Maldon - a historic, high-grade Victorian goldfield adjacent to a processing facility it already owns.

The mill in Victoria has just doubled its run-time, the Union Hill decline is being opened up after years of stillness, and a string of fresh exploration targets is queuing up for the drill bit.

There are moments in the ASX mining space where a transaction changes everything for a company. This Coffee with Samso conversation with Brad Valiukas from Kaiser Reef Limited is one of those moments. Filmed back at Samso HQ at the University of Western Australia, this discussion centres on what I described as an “overnight producer” story—driven by the acquisition of the Henty Gold Mine. And in many ways, that label fits.

I have been a keen follower of the Kaiser Reef Limited (ASX: KAU) story which was literally an overnight transition to become a profitable Australian gold producer operating in Tasmania and Victoria. The Company owns and operates the Henty Gold Mine in Tasmania and the Maldon Gold Project in Victoria, including the Union Hill Gold Mine and the Porcupine Flat Processing Plant.