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Kaiser Reef Ltd
(Sydney:KAU)
Kaiser Reef Ltd (KAU) vs. iShares MSCI Australia ETF (EWA)
Kaiser Reef Ltd Business Overview & Revenue Model
Kaiser Reef Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.42M | 34.83M | 23.74M | 30.71M | 22.80M | 5.09M |
| Gross Profit | 71.65K | 143.29K | -3.27M | 3.01M | 5.87M | -3.17M |
| EBITDA | -153.64K | -307.27K | -1.74M | 4.93M | 4.54M | -10.47M |
| Net Income | -10.12M | -20.24M | -5.53M | 1.17M | -2.26M | -11.81M |
Balance Sheet | ||||||
| Total Assets | 120.26M | 120.26M | 30.24M | 32.30M | 29.57M | 26.57M |
| Cash, Cash Equivalents and Short-Term Investments | 24.76M | 24.76M | 1.11M | 3.23M | 6.58M | 4.79M |
| Total Debt | 9.89M | 9.89M | 599.82K | 543.37K | 267.84K | 281.33K |
| Total Liabilities | 51.66M | 51.66M | 6.14M | 7.08M | 6.76M | 6.39M |
| Stockholders Equity | 68.60M | 68.60M | 24.10M | 25.22M | 22.81M | 20.17M |
Cash Flow | ||||||
| Free Cash Flow | -3.78M | -7.56M | -4.86M | -4.12M | -3.02M | -5.30M |
| Operating Cash Flow | 2.56M | 5.13M | 467.76K | 5.26M | 5.65M | -2.48M |
| Investing Cash Flow | -33.53M | -33.53M | -5.33M | -9.39M | -8.59M | -9.69M |
| Financing Cash Flow | 48.05M | 48.05M | 2.75M | 764.86K | 4.74M | 16.95M |
Kaiser Reef Ltd Technical Analysis
Kaiser Reef Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €127.97M | 9.74 | 13.04% | 4.65% | 24.48% | 97.18% | |
72 Outperform | AU$733.59M | 16.15 | 22.29% | ― | 117.95% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$270.98M | -18.88 | -20.84% | ― | 11.43% | -238.93% | |
53 Neutral | €105.01M | -40.32 | -2.72% | ― | 22.40% | -93.75% | |
46 Neutral | AU$151.44M | -4.98 | -43.66% | ― | 46.74% | -47.98% | |
39 Underperform | AU$125.52M | -34.31 | -1.53% | ― | ― | 71.98% |
Kaiser Reef Ltd Corporate Events
Kaiser Reef Limited reported strong progress in the quarter ending September 30, 2025, with significant achievements at the Henty Gold Mine, including the production of 8,115 ounces of gold and a mine life extension to over six years. The company also completed a diamond drilling program at the Maldon Gold Project, highlighting its potential as a growth asset. The A1 Gold Mine was transitioned to care and maintenance, allowing Kaiser to focus resources on more profitable ventures. Financially, the company closed the quarter with a cash balance of $29.4 million, reflecting a $4.7 million increase, and continued to invest in infrastructure to enhance productivity and resilience at Henty.
The most recent analyst rating on (AU:KAU) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Kaiser Reef Ltd stock, see the AU:KAU Stock Forecast page.
Kaiser Reef Limited has announced positive results from its diamond drilling program at the Union Hill Open Pit within the Maldon Gold Project. The drilling confirmed gold mineralization in 18 out of 19 effective holes, with significant intercepts indicating high-grade gold presence. The results support further exploration and development efforts, positioning the Maldon Gold Project as a key growth asset for Kaiser Reef. The company plans to re-establish underground exploration platforms and continue drilling to explore unmined extensions, which could enhance its operational capacity and market positioning.
The most recent analyst rating on (AU:KAU) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Kaiser Reef Ltd stock, see the AU:KAU Stock Forecast page.
Kaiser Reef Ltd’s recent presentation at the IMARC Conference in Sydney emphasizes the company’s ongoing efforts in mineral exploration, development, and production. The document outlines the inherent risks associated with these activities and underscores the company’s caution against relying on forward-looking statements due to uncertainties in the market. The presentation also highlights legal restrictions on the distribution of their securities information, particularly in the United States.
Kaiser Reef Limited has announced a 29% increase in Ore Reserves at its Henty Gold Mine, bringing the total to 199,000 ounces of gold. This update, along with a steady Mineral Resource Estimate of 438,000 ounces, signifies a prolonged mine life of over six years, with a target of producing over 30,000 ounces annually. The company is enhancing its operations by introducing a second diamond drill for exploration and resource extension, increasing processing rates, and improving equipment to boost performance. These strategic moves are part of Kaiser’s transformation into a profitable gold producer, providing a solid foundation for future growth.
Kaiser Reef Limited has announced its upcoming Annual General Meeting of shareholders, scheduled for November 17, 2025, in Perth, WA. The company will not be sending hard copies of the meeting notice unless requested, encouraging shareholders to access documents online and submit proxy forms electronically. This move is part of Kaiser Reef’s efforts to streamline communications and enhance shareholder engagement.
Kaiser Reef Ltd has announced its Annual General Meeting scheduled for November 17, 2025, in Perth, where shareholders will consider the company’s annual report and vote on the adoption of the remuneration report. This meeting is significant as it provides shareholders the opportunity to review the company’s financial performance and governance, impacting future strategic decisions and stakeholder engagement.
Kaiser Reef Limited has completed a 22-hole diamond drilling program at the Maldon Gold Project, targeting the Eaglehawk Reef. The project is located in Victoria’s Golden Triangle, a historically rich gold mining area. The drilling aims to explore unmined extensions of the Eaglehawk Reef, which has historically been a significant gold producer. With the completion of this drilling, Kaiser is poised to further explore and potentially expand its mining operations at Maldon, leveraging its existing infrastructure and recent transformation into a profitable gold miner.
Kaiser Reef Ltd has issued 341,381 fully paid ordinary shares following the exercise of unlisted options, as disclosed in their recent market release. This move, compliant with the Corporations Act 2001, allows the shares to be sold without disclosure, potentially enhancing liquidity and investor interest, thereby impacting the company’s market positioning and stakeholder engagement.
Kaiser Reef Limited has announced the issuance of 341,381 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code KAU. This move is part of the company’s strategy to leverage convertible securities, potentially enhancing its market presence and offering stakeholders increased liquidity options.
Kaiser Reef Limited announced the cessation of Jonathan Downes as a director, effective October 7, 2025. This change in the board may impact the company’s strategic direction and stakeholder relationships, as Downes held significant interests in the company’s securities, including ordinary shares and performance rights.
Kaiser Reef Ltd has announced a change in leadership with the resignation of Jonathan Downes as Managing Director, who has been instrumental in transforming the company into a profitable gold producer. Brad Valiukas, with over 25 years of experience in the mining sector, has been appointed as the new Managing Director. This leadership change marks a new phase of growth and production for Kaiser Reef, with expectations of enhanced operational performance and continued exploration in Victoria and Tasmania.
Kaiser Reef Ltd has announced a change in its principal place of business to Subiaco, Western Australia. This relocation is part of the company’s ongoing operational adjustments, with contact details and registered office address remaining unchanged. The move is expected to streamline operations and potentially enhance the company’s strategic positioning within the industry.
Kaiser Reef Ltd reported a successful quarter ending September 2025, marking its first full period of ownership of the Henty Gold Mine, which produced over 8,000 ounces of gold. The company is focusing on enhancing its operations at Henty and Maldon, with drilling activities and processing plant upgrades underway. The transition of the A1 Gold Mine to care and maintenance is seen as a strategic move to strengthen the company’s position. With robust gold production and a solid balance sheet, Kaiser is well-positioned to capitalize on the rising gold prices.
Kaiser Reef Ltd has released its Corporate Governance Statement for the financial year ending June 30, 2025, outlining its adherence to the ASX Corporate Governance Council’s Principles and Recommendations. The company has adopted a comprehensive Corporate Governance Plan, choosing to have the full Board handle duties typically assigned to individual committees due to the current size and nature of its operations. This approach reflects the company’s confidence in the Board’s experience and skill set, ensuring efficient resource utilization.
Kaiser Reef Ltd has released its annual report for the year ending June 30, 2025. The report includes the managing director’s address, directors’ report, remuneration report, auditor’s independence declaration, and various consolidated financial statements. This comprehensive document provides insights into the company’s financial performance and strategic direction, which are crucial for stakeholders to assess the company’s market positioning and future prospects.
Kaiser Reef Ltd has announced that its Annual General Meeting will be held on November 17, 2025, where the election of directors will be a key agenda item. The deadline for director nominations is set for September 29, 2025. This meeting is a significant event for the company as it could influence its strategic direction and governance, impacting stakeholders and potentially affecting its operations in the gold production industry.
Kaiser Reef Limited has announced the appointment of Craig Dingley as a director, effective from September 17, 2025. The initial director’s interest notice reveals that Mr. Dingley currently holds no securities or interests in the company, indicating a neutral starting position in terms of financial stakes.
Kaiser Reef Ltd has announced the appointment of Craig Dingley as an Independent Non-Executive Director. Dingley brings 20 years of experience in the natural resources sector, with expertise in capital markets and mergers and acquisitions. This strategic appointment is expected to strengthen Kaiser’s board, enhancing its development and mining operations.
Kaiser Reef Limited announced the cessation of 750,000 securities due to the expiry of options or other convertible securities without exercise or conversion as of September 5, 2025. This cessation of securities may impact the company’s capital structure and could influence investor perception and market positioning.
Kaiser Reef Ltd has decided to halt production at the A1 Gold Mine in Victoria, placing it on care and maintenance following a strategic review prompted by lower gold production in the Nova Zone. Despite this, the company maintains a strong balance sheet with profitable operations at the Henty Gold Mine in Tasmania and ongoing drilling at the Union Hill Gold Mine. This decision allows Kaiser to focus on underground exploration and assess future options for the A1 Mine, while continuing to capitalize on strong gold prices and commendable site performance at its other operations.
Kaiser Reef Ltd has initiated a diamond drilling program at the Union Hill Gold Project in Victoria, targeting the Eaglehawk Reef known for its prolific gold production. The program aims to explore unmined extensions of the reef, potentially contributing to future underground mining opportunities, as historic data suggests significant gold reserves remain untapped.
Kaiser Reef Ltd has initiated a strategic review of its A1 Gold Mine in Victoria due to lower grade gold findings in the Nova Zone. The review aims to explore various operational, financial, and strategic alternatives to enhance shareholder value. While no decisions have been made, the company assures stakeholders of ongoing updates and highlights its strong financial position and profitable operations at the Henty Gold Mine in Tasmania.
Kaiser Reef Ltd has provided a presentation outlining its operations and strategic focus. The company emphasizes the high-risk nature of mineral exploration and development, acknowledging the uncertainties and potential challenges in discovering economically viable ore deposits. The presentation also highlights the legal and investment considerations for stakeholders, stressing the importance of professional advice due to the inherent risks involved in the industry.
Kaiser Reef Ltd reported strong production from the Henty Gold Mine in its first full month of ownership, with contributions from the A1 Mine and third-party ore purchases. The company closed the June quarter with a robust cash position of $24.7 million, which grew to $30.7 million by the end of July, despite significant one-off costs related to the Henty acquisition. Kaiser implemented a Put Options strategy to secure a minimum gold price, aligning with its risk management objectives. The company is considering potential management initiatives such as dividends or share buybacks, though no decisions have been made.