Tassie mine acquisition turns Kaiser into multi-asset gold producer
Kaiser is bedding the Henty operation down nicely, achieving an 87.1 per cent metallurgical recovery rate in its first 1.5 months of ownership. And a quick look at the operation's recovery history suggests there may be room for further recovery gains.
In 2021, then-owner Catalyst Metals reported an average 94.5 per cent recovery rate at Henty. Before Catalyst took over, the mine had an average metallurgical recovery rate of 76.1 per cent.
Catalyst attributed its significant improvement to an improved process plant leach environment, including optimised cyanide levels, while retaining a low tails grade of 0.27g/t gold.
Kaiser Reef managing director Jonathan Downes said: ' This has been a landmark quarter for Kaiser, headlined by the acquisition of the Henty gold mine in Tasmania, a profitable production centre with at least a 5-year mine life, based on reserves, and fantastic exploration potential.'
'This is the single biggest quarter of production for Kaiser and we look forward to building from here.'
Kaiser Reef managing director Jonathan Downes
Kaiser Reef is a high-grade gold mining and exploration company with a focus on mining and exploring for gold in Tasmania and the Victorian goldfields, which have a long and storied mining history.
Downes said that with the Henty acquisition, Kaiser's transformation into a three-gold project operation, including two operational mines and two processing plants, had combined with the current stellar gold price environment to give the company its single biggest quarter of production.
In addition to Henty, Kaiser owns and operates the A1 gold mine, the Maldon gold mine in Victoria, which is on care and maintenance, and the Maldon gold processing plant.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Age
an hour ago
- The Age
Melbourne's most famous coffee is magic. But who gets to claim it?
Trampoline. Videotape. Linoleum. Windsurfer. Plenty of products started life as trademarks, from Aspirin to Zoom, slowly easing into lower-case status in the dictionary. Some brands echo the creator's name, from biro to leotard, while others explain the gadget's function, such as Philips' air fryer or Sony's memory stick. Further labels derive from serendipity. Some 20 years ago, that happened on Brunswick Street, Fitzroy, after a string of experiments between customer and barista. Zenon Misko, a Ukrainian-Australian trademark attorney, was the customer needing a double ristretto to face the day. Cate Della Bosca, owner of Newtown S.C., was the alchemist open to ideas. 'Around mid-morning,' recalls Zenon, 'I took a break from the office to grab a coffee. But in winter, I wanted something that would last a bit longer, so I'd get a double-ristretto flat white.' A mouthful to order, and a chore to drink, the cool-brown dregs lacking foam and energy by the time the cup was nearing done. 'So I said to Cate, let's try a double-ristretto-three-quarter-flat-white…' . Ten syllables this time, but the hit was a hit. Cate ensured the elixir had that delicate micro-foam layer, the ristretto pour maintained its punch, the reduced milk its temperature. Ten cups later, in that café code enjoyed among regulars, Zenon was asking for that magical coffee he liked, as Cate waved her steam wand. Voila, the magic arrived. Arrived in the Macquarie too, listed as definition #7 after the supernatural front-runners, though curiously the coffee is marked as Victorian only, as if the recipe has retained its postcode. But just like windsurfers, good ideas travel, the Zenon-Cate magic moving to Sydney, Singapore, New York, Tokyo, even to Nambour (though I hear they call the blend a grom up there). Stroll into your nearest 7-Eleven and there on the coffee-maker's screen you'll find the magic icon (a three-quarter brown blob) beside the macchiato and piccolo latte. Across the ditch in England, should you visit any of the 1000-plus Marks & Spencer outlets, you'll have the option of ordering 'the company's latest culinary adventure, this time a concept imported from Australia, known as the 'Magic Coffee'' – to quote the catalogue, inverted commas included. As for the price tag? Order the brew and – poof – you'll see £3.15 disappear from your account like magic. Loading The magic is equally big in Thailand too, where Zenon and his young family lived for several years. 'There's a café in Phra Khanong, an emerging part of Bangkok, called Karo Coffee Roasters. Karo is a Sri Lankan born and raised in the Maldives whose magic is the best I've tasted.' Seems the sorcery – or make that saucery – has reached the world's palate. Yet the art of magic, we know, is misdirection. Whether the blend and its label began on Brunswick Street, or across the Yarra, or even in Frankenstein's castle a year prior to this story, is hardly Zenon's concern. 'I'm open to others thinking they own the idea, the name, whatever. It's not 'our' coffee. Cate and I know where we were when we came up with the mix.' In a reversal of cultural cringe, one British food critic disputed the term as 'magic doesn't end with a vowel so can't be a coffee type.' At least one thing we do know: Magic Marker is the trade name – and intellectual property – of Bic. While a magic coffee, by contrast, belongs to the people.
Sydney Morning Herald
an hour ago
- Sydney Morning Herald
Melbourne's most famous coffee is magic. But who gets to claim it?
Trampoline. Videotape. Linoleum. Windsurfer. Plenty of products started life as trademarks, from Aspirin to Zoom, slowly easing into lower-case status in the dictionary. Some brands echo the creator's name, from biro to leotard, while others explain the gadget's function, such as Philips' air fryer or Sony's memory stick. Further labels derive from serendipity. Some 20 years ago, that happened on Brunswick Street, Fitzroy, after a string of experiments between customer and barista. Zenon Misko, a Ukrainian-Australian trademark attorney, was the customer needing a double ristretto to face the day. Cate Della Bosca, owner of Newtown S.C., was the alchemist open to ideas. 'Around mid-morning,' recalls Zenon, 'I took a break from the office to grab a coffee. But in winter, I wanted something that would last a bit longer, so I'd get a double-ristretto flat white.' A mouthful to order, and a chore to drink, the cool-brown dregs lacking foam and energy by the time the cup was nearing done. 'So I said to Cate, let's try a double-ristretto-three-quarter-flat-white…' . Ten syllables this time, but the hit was a hit. Cate ensured the elixir had that delicate micro-foam layer, the ristretto pour maintained its punch, the reduced milk its temperature. Ten cups later, in that café code enjoyed among regulars, Zenon was asking for that magical coffee he liked, as Cate waved her steam wand. Voila, the magic arrived. Arrived in the Macquarie too, listed as definition #7 after the supernatural front-runners, though curiously the coffee is marked as Victorian only, as if the recipe has retained its postcode. But just like windsurfers, good ideas travel, the Zenon-Cate magic moving to Sydney, Singapore, New York, Tokyo, even to Nambour (though I hear they call the blend a grom up there). Stroll into your nearest 7-Eleven and there on the coffee-maker's screen you'll find the magic icon (a three-quarter brown blob) beside the macchiato and piccolo latte. Across the ditch in England, should you visit any of the 1000-plus Marks & Spencer outlets, you'll have the option of ordering 'the company's latest culinary adventure, this time a concept imported from Australia, known as the 'Magic Coffee'' – to quote the catalogue, inverted commas included. As for the price tag? Order the brew and – poof – you'll see £3.15 disappear from your account like magic. Loading The magic is equally big in Thailand too, where Zenon and his young family lived for several years. 'There's a café in Phra Khanong, an emerging part of Bangkok, called Karo Coffee Roasters. Karo is a Sri Lankan born and raised in the Maldives whose magic is the best I've tasted.' Seems the sorcery – or make that saucery – has reached the world's palate. Yet the art of magic, we know, is misdirection. Whether the blend and its label began on Brunswick Street, or across the Yarra, or even in Frankenstein's castle a year prior to this story, is hardly Zenon's concern. 'I'm open to others thinking they own the idea, the name, whatever. It's not 'our' coffee. Cate and I know where we were when we came up with the mix.' In a reversal of cultural cringe, one British food critic disputed the term as 'magic doesn't end with a vowel so can't be a coffee type.' At least one thing we do know: Magic Marker is the trade name – and intellectual property – of Bic. While a magic coffee, by contrast, belongs to the people.
7NEWS
15 hours ago
- 7NEWS
One major capital city holds the affordability edge - but for how long?
Melbourne has retained its title as Australia's second-most affordable capital city, behind only Darwin, even as the local market edges higher in value. Fresh figures from property research group Cotality show Melbourne's median house price is now $803,424, after posting a 0.4 per cent rise in July. Prices have climbed 1.2 per cent over the past three months and 0.5 per cent over the year, delivering a total return of 4.3 per cent for homeowners. Nationally, the median dwelling value has reached $844,000, a 0.6 per cent gain last month and a 3.7 per cent rise over the past year. The lift in prices follows the Reserve Bank's February interest rate cut, which has boosted buyers' borrowing power and helped reignite activity across the housing market. Cotality head of research Eliza Owen said the rate cut had "taken home values about 3 per cent higher through the year to date, or the equivalent of another $25,000 being added to the median dwelling value in Australia". Gains are now being recorded in every capital city, reflecting a broad-based recovery. Darwin was the standout performer in July with a 2.2 per cent monthly jump, still holding the crown as the nation's most affordable market. "When it comes to Darwin, it's a low price point, but it's also got strong gross rent yields," Ms Owen said. "Investors are seeing an opportunity not just for short-term capital growth but for solid rental returns." While Perth (up 0.9 per cent), Brisbane and Adelaide (each up 0.7 per cent) posted stronger growth than Melbourne, the city's steady gains come amid challenging affordability conditions. Economists warn that while lower interest rates are drawing more buyers into the market, high prices and deposit hurdles continue to lock out many first-home buyers, especially with cost-of-living pressures eroding household savings. A shortage of homes for sale is adding further upward pressure to prices. Listings remain almost 20 per cent below the five-year average, while auction clearance rates remain robust, signalling strong competition among buyers. Finding opportunities under the median price For those looking to buy below the median price, there are still pockets of opportunity. In the west, suburbs like St Albans, Deer Park, and Ardeer offer family homes with strong transport links. Similarly, the north provides great value in suburbs like Thomastown and Lalor, which boast good city access and growing infrastructure. For buyers willing to look beyond the city, regional centers continue to offer strong value. Bendigo, Ballarat, and Geelong provide a mix of affordable housing, growing infrastructure, and community amenities. With improved rail links and an increase in flexible work arrangements, many buyers are finding they can achieve their homeownership goals in regional Victoria without sacrificing their careers. An example of what you can buy below the median house price is this charming Victorian cottage at 71 Saffron Street, Newtown in Geelong. Listed by Buxton, this home has a price guide of $779,000 to $849,000, which sits comfortably within Melbourne's median range. The home perfectly blends original features like high ceilings and fireplaces with modern updates. Located in a bustling café precinct and just minutes from the Barwon River, it's also in the coveted Chilwell Primary School zone. This property offers a fantastic balance of lifestyle, space, and long-term value, making it a great option for a wide range of buyers. The auction is scheduled for this weekend. Looking ahead, analysts expect prices to rise modestly through the rest of 2025. Another rate cut in September could add fuel to demand, but stretched affordability is likely to keep growth in check.
