Kaiser Reef reported Phase 1 results from Nuggetty Reef exploration at Maldon Gold Project near Melbourne.

Despite challenges like unrecorded underground voids, an intercept of 22 g/t gold over 0.3m was highlighted.

The findings inform future drilling plans targeting high-grade results deeper down plunge. With a history of 301,000 ounces of gold at 187 g/t from Nuggetty Mine, exploration potential remains high.

Kaiser plans to continue exploration further down dip, leveraging substantial quartz reefs and historic drilling data.