Kaiser Reef starts Maldon Project drilling campaign

• Kaiser Reef has commenced its surface diamond drilling campaign at the Maldon Gold Project.
• The company's share price declined following the exploration update announcement.
• The exploration programme aims to target four key gold areas throughout the remainder of 2026.

Kaiser Reef (ASX:KAU) has commenced a 4,350-metre surface diamond drilling campaign at the Maldon Gold Project in Victoria.

The initial phase focuses on the Quill gold target, which was generated from previous tailings storage facility sterilisation drilling.

“Maldon represents a district-scale gold opportunity for Kaiser,” said Kaiser Reef Managing Director Brad Valiukas.

Previous drilling at the primary target returned 8m at 4.16 grammes per tonne of gold from 10m.

Following the announcement, the Kaiser Reef share price was down at $0.20.

The company reported that the historical Maldon field produced 1.75 million ounces of gold at 28 grammes per tonne.

Other exploration targets in this campaign include Union Hill North, Nuggetty South, and Nuggetty.