Kaiser Reef Ltd · ASX:KAU
Kaiser Reef — IMARC Conference, Sydney, 2025
20 slides from Kaiser Reef's conference presentation, Oct 23, 2025
Slide 1: Eastern States Gold Miner
For personal use only EASTERN STATES GOLD MINER EXPLORATION, DEVELOPMENT, PRODUCTION IMARC Conference, Sydney, 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Kaiser Reef Limited “Kaiser” (ASX: KAU). This document contains background information about Kaiser current as at the date of this For personal use only presentation. The presentation is in summary form and does not purport to be all inclusive or com
Slide 3: Investment Highlights
Investment Highlights • Building a Gold Mining Company For personal use only • Strong and improving production base • Henty Gold Mine, bedded in under Kaiser • Produced over 8,000oz Au for the first full quarter • Great Growth Asset • Maldon Gold Project in the heart of Victoria’s Golden Triangle •
Slide 4: Company Overview
Company Overview For personal use only Capital Structure Shares on Issue 593M Share Price (22/10/2025) $0.32 2.2% 20.0% Market Capitalisation $190M Financial Position 42.7% 7.6% Cash (30/06/2025) $24.7M Gold Loan (1,352 ounces @ A$6,000/oz Au) -$8.1M 5.6% Enterprise Value* $173M *excludes equipment
Slide 5: Kaiser Team
Kaiser Team Steve Formica For personal use only Stewart Howe Non-Executive Chairman Executive Director Steve Formica offers extensive expertise in practical management and business development, having over 35 years of experience as a Stewart Howe brings over 40 years of experience in the global reso
Slide 6: Henty Gold Mine
For personal use only HENTY GOLD MINE KAISER’S FLAGSHIP ASSET WEST COAST, TASMANIA
Slide 7: Henty – asset overview
Henty – asset overview Location ~23kms from Queenstown, West Coast Tasmania, Australia For personal use only Ownership 100% Acquired May 2025 Tenement 3 MLs and 2 ELs covering 81km2 Package All regulatory approvals in place Mining Method Underground JORC Resource 4.1Mt @ 3.3g/t Au for
Slide 8: Henty Resource and Reserve
Henty Resource and Reserve Reserve Growth 500 RESOURCE 450 • Steady Resource position since For personal use only 400 acquisition 350 Reserve (Probable) (koz Au) • Minor depletion 300 • 30% Reserve increase since acquisition 250 Resource • Significantly improved Resource to Reserve (Indicated) (koz
Slide 9: Production Growth
Production Growth • Processing throughput lifted from For personal use only 300ktpa (nameplate) to 400ktpa (trials) • Debottlenecks the entire operation • Combination of UG decline stripping and bypass development is underway • To debottleneck the underground mine • Commitments, and orders, made for
Slide 10: Exploration Upside – In Mine
Exploration Upside – In Mine Second drill rig For personal use only commenced underground to drive Resource growth • Key targets Cradle Zone and Darwin South • Development has commenced in Zone 96 ASX:KAU | 11 IMARC Conference, Sydney, 2025
Slide 11: Henty Regional Exploration
Henty Regional Exploration Henty Fault Mineral Resource For personal use only Line 30N Pit Historic workings include pits Mineralised Trend Henty TSF Tyndall Copper Lake Newton Mine Alteration Zone >2km long, low grade base metal carbonate circa 1900 – workings alteration zone, 300- include 2 shafts
Slide 12: Maldon Gold Project
For personal use only MALDON GOLD PROJECT A HISTORIC GOLDFIELD IN THE HEART OF THE GOLDEN TRIANGLE, VICTORIA
Slide 13: Maldon - in the heart of Victoria's Golden Triangle
Maldon - For personal use only in the heart of Victoria’s Golden Triangle ASX:KAU | 14 IMARC Conference, Sydney, 2025
Slide 14: Maldon Gold Project
Maldon Gold Project • A historic goldfield, on For personal use only granted mining licence • 1.75Moz mined from quartz reefs • plus alluvial gold • Multiple lines of lode • Operating processing plant, on the mining licence ASX:KAU | 15 IMARC Conference, Sydney, 2025
Slide 15: Existing Decline Access
Existing Decline Access • Near 3km For personal use only (includes alluvial production) decline into the mining area • Refurbishment required • Dewatered • Permitted • Future UG drilling position Compressed long section showing working multiple lines of lode ASX:KAU | 17 IMARC Conference, Sydney, 20
Slide 16: Union Hill Drilling
Union Hill Drilling • 22 holes directly under For personal use only the open pit • Testing the Eagle Hawk Reef • Drilling results due shortly • Potential driver to re- establish UG drilling position ASX:KAU | 18 IMARC Conference, Sydney, 2025
Slide 17: Porcupine Flat Processing Plant
Porcupine Flat Processing Plant • Conventional CIL circuit For personal use only • 200ktpa hard rock capacity • Fully permitted and operating • Strategic asset in Victoria’s Golden Triangle • Catalyst (ASX:CYL) have a 50/50 JV option ASX:KAU | 19 IMARC Conference, Sydney, 2025
Slide 18: Contact Kaiser
For personal use only Contact Kaiser Company: Brad Valiukas Managing Director Phone: +61 (8) 9481 0389 Email: admin@kaiserreef.com.au Investor Relations: Melissa Tempra Email: melissa@nwrcommunications.com.au Subscribe for Announcements To keep abreast of the Company's latest announcements and devel
Slide 19: Resources and Reserves
Resources and Reserves For personal use only *Data has been rounded to the nearest 1,000 tonnes, 0.1g/t and 100 ounces. Rounding variations may occur. ^KAU:ASX - 23/10/2025 ~KAU:ASX - 21/07/2022 ASX:KAU | 21 IMARC Conference, Sydney, 2025
Slide 20: Competent Person Statements
Competent Person Statements The information in this release that relates to exploration results, data quality, geological interpretations and Mineral Resources for the For personal use only Maldon Gold Project were first released in the Company's announcements dated 1 October, 7 December 2020, 15 No