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Kaiser Reef wraps Vic drilling as gold waste dumps head for cash

Drilling at Union Hill waste dump shows improved gold grades and 90% recovery, supporting profitable use of the 200,000 tpa Porcupine Flat mill, Kaiser Reef said.

Kaiser Reef has completed drilling at its Maldon gold project in Victoria, looking to turn 3567t of old gold waste dumps grading 1.6g/t into cash.

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Sydney Morning Herald broke the news in Sydney, Australia on Tuesday, December 16, 2025.
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