Kaiser Reef Ltd · ASX:KAU
Kaiser Reef — Investor Presentation (May 2021)
31 slides from Kaiser Reef's investor presentation, May 19, 2021
Slide 1: The Maldon Goldfield
The Maldon Goldfield Heart of the Bendigo Block ASX.KAU
Slide 2: Disclaimer
Disclaimer FOR CONSIDERATION This presentation has been prepared by Kaiser Reef Limited “Kaiser” (ASX: KAU). This document contains background information about Kaiser current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete.
Slide 3: Kaiser Reef Limited – Gold Miner and Explorer
Kaiser Reef Limited – Gold Miner and Explorer Kaiser (VIC) • Historic production of +2.0M ounces of gold across two goldfields* • Operating mine and processing plant • Excellent exploration potential • Exploration commencing – rapid conversion of exploration success into production at both Maldon an
Slide 4: Why Victoria?
Why Victoria? • Victoria is one of greatest gold provinces in the world with 79 Moz of recorded gold production (+2,500 tons of gold) • Maldon is one of the largest gold hardrock historic mines in Victoria and is located in the heart of the Bendigo Domain • Aside from Bendigo, some of the larger his
Slide 5: The Maldon Gold Project
The Maldon Gold Project One of Australia’s most exciting exploration projects • Heart of the Bendigo Block – valuable strategic location • Identified walk-up drill targets • High grade historic drill results up to 205 g/t gold • Granted Mining Licence • Established decline with power and ventilation
Slide 6: Kaiser – Compelling Value
Kaiser – Compelling Value Potentially the lowest cost gold mine in the world with Q1 2021 processed ore grading 19.8 g/t gold – Fosterville. 100% Owned Maldon goldfield potentially one of the highest grade large scale underground historic gold mines in Australia including the Nuggety Reef – 301,000
Slide 7: Building the Exploration Team
Building the Exploration Team Exploration team appointed • Angela Lorrigan - Maldon Exploration Manager • Shawn Panton - Chief Mine Geologist Exploration permits in progress Initial targets • Nuggety Reef Extended (surface drilling) • Eaglehawk, Beehive, Union and Alliance will be the initial underg
Slide 8: The Maldon Goldfield
The Maldon Goldfield Production Reef Name (ozs) Eaglehawk Reef 491,400 Nuggetty Reef 301,000 German Reef 270,300 North British Reef 242,000 Beehive Reef 231,000 Victoria & Derby Reefs 145,253 Wilsons Reef 61,500 Total 1,742,453 Significant historic production since discovery at an average grade of 2
Slide 9: The Maldon Goldfield – Open Ended Exploration Opportunities
The Maldon Goldfield – Open Ended Exploration Opportunities
Slide 10: Union Hill Long Section
Union Hill Long Section Drill Hole Pierce Points Union Hill Pit Em aat 4.0m @ 110.0 1.0m @ 16.1 Borers O >s50gtau 20% “000 0 © 30-5.0gitAu © 10-30 gitAu © = <1.0 g/tAu Osim@s7 ° ° ° ° oO Damm@sae inc, 1m@ 260 Otome 46 200m T 5.903.000 mN 5,902,500 mN T 5,902,000 mN st 00 mN Kaiser Reof Limited : =
Slide 11: Nuggetty Reef Long Section
400 mRL. Nuggetty Hill Adit Nuggetty Reef Long Section O 1.0m @50 ° é 0.4m @ 205.0 0.6m @ 39.0 300 mRL fo) co z cema@ssQ © ° 0.7m @66 0.95m @ 5.3 0.6m @ 15.2QD92.7m @ 42.2 inc. 0.35@ 187.5 ° Ovcameo1 20m@8.0 © Oozmaes O20m e244 Oo23m @ 80.0 = Si ° ° ° Castie, ai; ° 200 mRL Ne G, Up *Coun, Meta Scat
Slide 12: The Development Advantage
The Development Advantage • Wholly owned major historic high-grade goldfield within a granted Mining Licence • Wholly owned gold processing plant • Maldon supplementary gold operations could support increased production • Existing decline into Maldon on care and maintenance • Portal established at N
Slide 13: The Processing Plant Advantage
The Processing Plant Advantage Maldon “Porcupine Flat” • Wholly owned 150,000 tpa Carbon in Pulp (CIP) gold processing plant • Located on the Maldon Goldfield, Victoria • Historically strong gold recoveries • Important strategic location with numerous surrounding gold explorers – future gold plants
Slide 14: Undervalued Gold Miner and Explorer
Undervalued Gold Miner and Explorer Capital Structure Tight capital structure and compelling value delivers strong leverage to success Share Price $0.30 Total Shares 114,898,877 Market Capitalisation $34.5m (18/5/2021) 12,094,800 Options exercisable at between $0.30 and $0.50 Experienced Board Adria
Slide 15: Summary
Summary Exceptional Exploration Package High-Grade Victorian gold producer complements existing gold exploration assets • Exceptional exploration and development opportunities • Exciting defined exploration targets with team appointed to commence drilling as soon as possible • One of the highest gra
Slide 16: Appendix 1: JORC Table 1
Criteria JORC Code explanation Commentary Criteria JORC Code explanation Commentary Appendix 1: · Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry · If core, whether cut or sawn and whether quarter, half or all core taken. · Half Core samples were sawn
Slide 17: JORC Table 1 Section 1 and Section 2
Section 1 Section 2 Criteria JORC Code explanation Commentary Criteria JORC Code explanation Commentary · Data spacing for reporting of Exploration Results. · Type, reference name/number, location and · The Maldon Project comprises Mining · Whether the data spacing and ownership including agreements
Slide 18: JORC Table 1 Section 2
Section 2 Criteria JORC Code explanation Commentary Criteria JORC Code explanation Commentary · The Maldon goldfield is located in the · These relationships are particularly central part of the Bendigo Zone of the important in the reporting of Exploration Lachlan Fold Belt. The host rocks are Result
Slide 19: Annexure 1 - Drill Hole Collars and Significant Intercepts
Annexure 1 - Drill Hole Collars and Significant Intercepts HoleID Easting Northing RL Depth From (m) To (m) Interval (m) Au (ppm) HoleID Easting Northing RL Depth From (m) To (m) Interval (m) Au (ppm) DDH_15 239600.3 5900848.9 330.5 277.50 266.10 266.40 3.03 DDH_58W1 239437.4 5901749.9 350 339.40 31
Slide 20: Drill Hole Collars and Significant Intercepts
HoleID Easting Northing RL Depth From (m) To (m) Interval (m) Au (ppm) HoleID Easting Northing RL Depth From (m) To (m) Interval (m) Au (ppm) DDH017 239818.4 5904407.9 448.6 301.00 218.00 223.40 4.50 1.15 DDH120 239463.8 5901394.3 344.3 404.50 376.30 377.10 0.80 3.28 DDH018 239771.9 5904412.9 440 17
Slide 21: Drill Hole Collars and Significant Intercepts
HoleID Easting Northing RL Depth From (m) To (m) Interval (m) Au (ppm) HoleID Easting Northing RL Depth From (m) To (m) Interval (m) Au (ppm) DDH163 239457.2 5902084.3 202.6 148.30 121.85 124.45 2.60 20.72 EP_01 239535.1 5902423.9 358 30.00 13.00 16.00 3.00 0.80 DDH164 239457.2 5902084.3 202.6 120.1
Slide 22: Drill Hole Collars and Significant Intercepts
HoleID Easting Northing RL Depth From (m) To (m) Interval (m) Au (ppm) HoleID Easting Northing RL Depth From (m) To (m) Interval (m) Au (ppm) EP_01 239535.1 5902423.9 358 30.00 13.00 16.00 3.00 0.80 RC_1438 239357.4 5903219.9 408 95.00 75.00 77.00 2.00 1.76 EP_02 239546.8 5902423.5 357.7 30.00 1.00
Slide 23: Drill Hole Collars and Significant Intercepts
HoleID Easting Northing RL Depth From (m) To (m) Interval (m) Au (ppm) UHP_1197 239547.6 5902688.3 372.5 14.00 7.00 11.00 4.00 0.57 UHP_1198 239515.2 5902724.8 376.1 20.00 0.00 9.00 9.00 1.10 UHP_1199 239525.3 5902724.8 375.9 20.00 4.00 5.00 1.00 1.18 UHP_1200 239535.4 5902724.8 375.1 20.00 0.00 5.0
Slide 24: Drill Hole Location Maps
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Slide 25: Drill Hole Location Map
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Slide 26: Drill Hole Location Map
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Slide 27: Drill Hole Location Map
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Slide 28: Long Section 239,500mE
N 239500mE S Long Section 239,500mE Showing drilling and the Union Hill decline
Slide 29: Long Section Drill Holes
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Slide 30: Long Section Drill Holes
DDH.137 DoH-148 DDH-149 |\DDH-204 DDH-203 DDH-207 poster ——> ff ; / \ DDH-200\_/ y /a 2 DDH-206 *\ BDH-205 Kaiser Reof Li
Slide 31: Long Section Drill Holes
Kaiser Reof Li SE=~— DDH-198 << ppH-196 DDH-195 DOH-177, 179, 181 186-188 DDH-191 | poH-teo DDH-178) I /DDH-190 | DDH-189 DDH-185 DDH-183.