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.