- Last 2026-11-06
- A$0.15
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$90.8M
- EV
- A$67.2M
- Cash
- A$37M
- Debt
- A$13.6M
4 newer ASX announcements not yet reflected in this valuation
- Company Update & IMARC - October 2026Latest Operating Presentation
- Quarterly Activities/Appendix 5B Cash Flow ReportLatest Four Activities Reports
- Proposed issue of securities - KAUPost Cash Checkpoint Security Event
- Annual Report to shareholdersLatest Annual Report
Investment view
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Sign in or enter a guest codeAnnouncements
Latest 12 of 11All sources ▸- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Company PresentationPresentation
- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Application for quotation of securities - KAUFinancing
- Half Year AccountsResults
- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Revised Appendix 5BResults
- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Annual Report to shareholdersResults
- Kaiser Completes Acquisition of the Henty Gold MineTransaction
- Transformational Acquisition of the Henty Gold MineTransaction
Event calendar · next 12 months
6 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| 2026-09-30 to 2026-10-31 | Auramet gold loan final scheduled repayment | Financing | Company Guided | High | Closing remaining gold loan delivery improves finance flexibility; June balance was 416oz. |
| 2026-10-01 to 2027-06-30 | Maldon underground and surface drilling results | Exploration | Company Guided | High | Assays and resource conversion determine whether the option value becomes a study-ready mine plan. |
| 2026-10-01 to 2026-12-31 | Maldon TSF4 construction start target | Construction Or Commissioning | Company Guided | High | Permitted tailings infrastructure conditions a sustained Maldon operating case. |
| 2027-01-01 to 2027-03-31 | Henty tailings expansion environmental submission | Permitting | Company Guided | High | Tailings capacity beyond approved lift is needed for production through 2030. |
| 2027-06-30 | FY2027 group production guidance of 32,000oz | Production | Company Guided | High | Tests whether Maldon adds output while Henty sustains growth. |
| 2027-06-30 | FY2027 Henty production target of 30,000oz | Production | Company Guided | High | Tests grade control, mining access and the 30koz reserve conversion case. |
Executive roster
As of 2026-09-26Background checks ▸2025 annual report executive directors and joint secretaries, October 2025 managing-director transition, July 2026 CFO appointment and latest Henty release contact. No later roster change identified.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Brad Valiukas | Managing Director | Chief Executive · Executive Director | 2025-10-07 | Board Changes · Henty 2026 Resource & Reserve Update |
| Stewart Howe | Executive Director | Executive Director | — | Annual Report to shareholders · Company Presentation |
| Tony Muir | Chief Financial Officer | Finance | 2026-07-20 | Quarterly Activities/Appendix 5B Cash Flow Report |
| Aida Tabakovic | Joint Company Secretary | Company Secretary | 2021-07-05 | Annual Report to shareholders |
| Stephen Brockhurst | Joint Company Secretary | Company Secretary | 2021-07-05 | Annual Report to shareholders |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Henty Gold Mine
Australia
Operating 100%-owned underground gold mine; September 2026 estimate maintains approximately six years of reserve life at the 30koz annual production target, subject to grade, cost and tailings approvals.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
FY2026 Henty AISC from the June-quarter operating table; no issuer NPV was disclosed.
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Indicated | 3.5M tonnes | 3.27 g/t Au | Gold | 2026-06-30 |
| Mineral Resource | Inferred | 740K tonnes | 2.61 g/t Au | Gold | 2026-06-30 |
| Ore Reserve | Probable | 1.9M tonnes | 3.22 g/t Au | Gold | 2026-06-30 |
Tenements5
Milestones2
- Underground magazine relocation releases about 12.8koz into FY2027 plan
Achieved · High materiality
- Submit next TSF-extension EIS to the EPA
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Operating mining and processing approvals | Tasmania | Granted | — | No |
| Next TSF extension environmental approval | Tasmania EPA | Pending | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Current operating and reserve plan | Operating Plan | Current | 2026-07-27 | Issuer July 2026 reserve plan supports about six years at approximately 30koz/y; positive NPV is stated without a disclosed amount. Analyst DCF is independent. |
Material
Maldon Gold Project
Australia
100%-owned Porcupine Flat plant and Union Hill mine; development and underground drilling commenced August 2026. The plant JV option could dilute the plant interest if Catalyst exercises it.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
FY2026 combined A1 and Maldon AISC demonstrates subscale economics; no issuer NPV was disclosed.
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Inferred | 1.3M tonnes | 4.4 g/t Au | Gold | 2022-07-21 |
| Mineral Resource | Inferred stockpile | 570K tonnes | 0.48 g/t Au | Gold | 2026-02-11 |
Tenements4
Milestones2
- Refurbish Union Hill decline and establish underground drill platform
Achieved · High materiality
- Start fully approved TSF4 construction
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Union Hill mining and Porcupine Flat processing approvals | Victoria | Granted | — | No |
| TSF4 construction and operation licence | Victoria | Granted | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Maldon stockpile-processing and Union Hill refurbishment plan | Operating Plan | Current | 2026-07-31 | Current plan processes stockpile feed while refurbishing Union Hill and drilling district-scale targets. |
Other
A1 Gold Mine
Australia
Mine remains on care and maintenance; 77,427t historical tailings Inferred Resource identified for potential processing at Maldon, subject to reclamation planning and economics.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Inferred tailings | 77.4K tonnes | 1.25 g/t Au | Gold | 2026-08-17 |
Tenements1
Other
New South Wales exploration tenements
Australia
Stuart Town and Hill End exploration tenements remain listed at 100% beneficial interest but are subject to divestment.
Tenements3
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
A$37.025m cash and A$0.2m bullion at 30 June 2026, with a further A$8.0m of environmental-bond restricted cash kept outside the equity bridge; A$13.618m financing drawn and 2,600oz deferred Henty consideration remain.
Inventory composition3
Union Hill stockpile contains an estimated 8.6koz Au; quarter-end bullion was reported at A$0.2m. A1 tailings add an Inferred 77,427t at 1.25g/t; no carrying or realizable value is disclosed.
- Union Hill low-grade surface stockpile available for Maldon plant feed
- — carrying · 570,000 tonnes
- Gold bullion on hand at quarter end
- A$200K carrying
- A1 historical tailings stockpile on hand; reclamation planning in progress
- — carrying · 77,427 tonnes
Capital structure
Ownership and dilution
- Ordinary shares
- 605.3M
- Fully diluted
- 677.6M
The 16 March 2026 Appendix 2A reports 605,322,399 ordinary shares after 5,934,868 options were exercised; adding 62,230,136 remaining options and 10,000,000 rights gives 677,552,535 fully diluted shares.
Security classes3
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Ordinary fully paid shares | Ordinary Share | 605.3M | — | — |
| Unquoted options across eight classes | Option | 62.2M | — | — |
| Performance rights across two classes | Performance Right | 10M | A$0 | — |
KPI history
Operating metrics · Henty Gold Mine
| Metric | Unit | Trend | Quarter ended 30 September 2025 | Quarter ended 31 December 2025 | Quarter ended 31 March 2026 | Quarter ended 30 June 2026 |
|---|---|---|---|---|---|---|
| Production | oz Au | 8,115 | 6,946 | 5,188 | 5,563 |
Operating metric source table8
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Production | Henty | Quarter ended 30 September 2025 | Quarter | 8,115 oz Au | Reported |
| Production | Henty | Quarter ended 31 December 2025 | Quarter | 6,946 oz Au | Reported |
| Production | Henty | Quarter ended 31 March 2026 | Quarter | 5,188 oz Au | Reported |
| Production | Henty | Quarter ended 30 June 2026 | Quarter | 5,563 oz Au | Reported |
| Production | Maldon | Quarter ended 30 June 2026 | Quarter | 437 oz Au | Reported |
| Production | Company | FY2026 | Year | 27,766 oz Au | Reported |
| AISC | Company | FY2026 | Year | 4,720 AUD/oz Au | Reported |
| Revenue | Company | FY2026 | Year | 164,407,459 AUD | Reported |
Company guidance3
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Gold Production | Company | FY2027 | 32,000 | 32,000 oz Au | Current |
| Gold Production Target | henty | FY2027 | 30,000 | 30,000 oz Au | Current |
| Gold Production Target | henty | FY2028 | 35,000 | 35,000 oz Au | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-03-16 | Raising | A$1.1M | 5.9M | — | Completed | — |
| 2025-05-16Ann. 2025-03-24 | Raising | A$30M | 214.3M | — | Completed | — |
| 2025-05-15Ann. 2025-03-24 | Debt | A$10M | — | — | Ongoing | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
2025 annual report and Henty acquisition terms reconciled through July quarterly, March hedge closeout, August Flynn framework and September reserve statement. Undisclosed volume or pricing is not inferred.
3% Henty NSR excluding transport and refining; embedded only in Henty forecast royalties.
Royalty · Active- Counterparties
- Triple Flag
- Applies to
- Henty Gold Mine · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- NSR rate: 3 percent
No valuation treatment is available for this arrangement.
1% gold-metal royalty; embedded only in Henty forecast royalties.
Royalty · Active- Counterparties
- Franco-Nevada
- Applies to
- Henty Gold Mine · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- gold metal royalty: 1 percent of gold metal
No valuation treatment is available for this arrangement.
State royalty is 1.9% base plus profit component to 5.35%; Henty DCF uses a conservative combined royalty envelope.
Royalty · Active- Counterparties
- State of Tasmania
- Applies to
- Henty Gold Mine · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- base rate: 1.9 percent of net sales
current maximum: 5.35 percent of net sales
No valuation treatment is available for this arrangement.
Conditional production-zone royalty; no identified Darwin production so no separate base cash charge.
Royalty · Active- Counterparties
- Catalyst Metals Limited
- Applies to
- Henty Gold Mine · Gold
- Economic direction
- Burden
- Period
- From 2025-05-15; no end date stated
- Key terms
- Darwin Target Zone NSR: 0.5 percent
No valuation treatment is available for this arrangement.
Deferred acquisition consideration of 2,600oz remaining is deducted only in the equity bridge.
Other · Active- Counterparties
- Catalyst Metals Limited
- Applies to
- Henty Gold Mine · Gold
- Economic direction
- Burden
- Period
- From 2025-11-15; no end date stated
- Key terms
- remaining gold: 2,600 oz Au
monthly delivery: 50 oz Au/month
No valuation treatment is available for this arrangement.
Catalyst may acquire 50% of Maldon processing plant vehicle after the contractual waiting period or specified trigger; mining interest remains with Kaiser until any exercise.
Joint Venture · Conditional- Counterparties
- Catalyst Metals Limited
- Applies to
- Maldon Gold Project · Gold
- Economic direction
- Mixed
- Period
- From 2025-05-15; no end date stated
- Key terms
- potential Catalyst plant interest: 50 percent
nominal exercise consideration: 1 AUD
No valuation treatment is available for this arrangement.
Auramet takes Henty gold at market-based rates until at least March 2027, extended if delivery obligations remain; prepayment economics only for prepaid volumes.
Offtake · Active- Counterparties
- Auramet International Inc
- Applies to
- Henty Gold Mine · Gold
- Economic direction
- Burden
- Period
- 2025-05-15 to 2027-03-31
- Key terms
- production under offtake: 100 percent
prepayment pricing discount: 7.5 USD/oz Au
No valuation treatment is available for this arrangement.
All gold calls settled by February 2026; no live price caps after 1 March.
Commodity Hedge · Terminated- Counterparties
- Auramet International Inc
- Applies to
- Henty Gold Mine · Gold
- Economic direction
- Burden
- Period
- 2025-09-01 to 2026-02-28
- Key terms
- calls settled: 6,000 oz Au
strike: 5,300 AUD/oz Au
This arrangement has ended; no current valuation treatment is required.
Nonbinding ore or concentrate purchase framework; no committed volumes, margins, or processing cash flows.
Offtake · Announced- Counterparties
- Flynn Gold Limited
- Applies to
- Henty Gold Mine · Gold
- Economic direction
- Benefit
- Period
- From 2026-08-06; no end date stated
- Key terms
- binding commitment: —
committed volume: — tonnes
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Evidence coverage has been deepened with dated issuer filings and selected independent records. Career claims remain mostly issuer-reported, and open-web adverse checks are limited in scope; findings are attributed to individuals only where sources establish that link.
Decision-relevant facts
Material summary
Brad Valiukas
Managing Director
Relevant professional background and qualifications
Investor presentation describes mining engineer with 25 years’ operating, management and executive experience; multiple mine start-ups and rectifications.
Individual involvement documented · This is an issuer-published career summary; it is not independent verification of every claimed contribution.
Evidence gaps · 3
- Independent verification of the complete career chronology, education and professional memberships is not established by the sources reviewed.
- No comprehensive regulator, court, safety, environment or litigation-record review was completed; absence of a finding here is not a clearance.
- Individual contribution to employer outcomes and concurrent board interests require additional source-level verification.
Stewart Howe
Executive Director
Relevant professional background and qualifications
Investor presentation describes 40+ years in resources; CDO at Zinifex, smelter spin-off and Dugald River development restart.
Individual involvement documented · This is an issuer-published career summary; it is not independent verification of every claimed contribution.
Mining and finance credentials and development history disclosed
Kaiser Reef’s annual report lists BE Chemical, ME Mining, Master of Applied Finance, FAICD and FAusIMM; describes 40+ years in resources, including Zinifex development leadership, Nyrstar spin-off and Dugald River restart. These are issuer-reported credentials and roles.
Individual involvement documented · Issuer biography connects him to the stated role and project work, without independent verification or full dates.
Issuer reported no unrectified externally reportable environmental incidents in FY2025
Annual report states there were no externally reportable or outstanding environmental incidents at operating sites that had not been immediately rectified. This is issuer reporting and has limited assurance value; it does not mean no incidents occurred.
Role overlaps event; causation unproven · Howe served as Executive Director during the period; no individual environmental responsibility is established.
Evidence gaps · 3
- Independent verification of the complete career chronology, education and professional memberships is not established by the sources reviewed.
- No comprehensive regulator, court, safety, environment or litigation-record review was completed; absence of a finding here is not a clearance.
- Individual contribution to employer outcomes and concurrent board interests require additional source-level verification.
Tony Muir
Chief Financial Officer
Current role relevance is supported at title level
Analyst inference: the disclosed current title indicates experience relevant to the assigned function. The record reviewed does not establish individual delivery outcomes or independently verify credentials beyond the cited issuer disclosure.
Responsibility not applicable · This is an analytical role-fit judgment, not a claim of proven performance.
Mining finance background stated in CFO appointment
Issuer’s appointment notice says Muir brings 20+ years of senior mining-sector financial leadership, including five years with Gold Road Resources, and makes his CFO appointment effective 20 July 2026. Full chronology and credentials remain unverified in this source.
Individual involvement documented · Announcement establishes role and issuer-reported experience only.
Evidence gaps · 3
- Independent verification of the complete career chronology, education and professional memberships is not established by the sources reviewed.
- No comprehensive regulator, court, safety, environment or litigation-record review was completed; absence of a finding here is not a clearance.
- Individual contribution to employer outcomes and concurrent board interests require additional source-level verification.
Aida Tabakovic
Joint Company Secretary
Current role relevance is supported at title level
Analyst inference: the disclosed current title indicates experience relevant to the assigned function. The record reviewed does not establish individual delivery outcomes or independently verify credentials beyond the cited issuer disclosure.
Responsibility not applicable · This is an analytical role-fit judgment, not a claim of proven performance.
Company secretarial and compliance experience disclosed
Kaiser Reef annual report lists BBus and Graduate Diploma in Business (Law), and 15+ years’ corporate accounting/reporting, financial management and ASX company secretarial/compliance experience. Issuer-reported, not independently verified.
Responsibility not applicable · No direct credential verification undertaken.
Evidence gaps · 3
- Independent verification of the complete career chronology, education and professional memberships is not established by the sources reviewed.
- No comprehensive regulator, court, safety, environment or litigation-record review was completed; absence of a finding here is not a clearance.
- Individual contribution to employer outcomes and concurrent board interests require additional source-level verification.
Stephen Brockhurst
Joint Company Secretary
Current role relevance is supported at title level
Analyst inference: the disclosed current title indicates experience relevant to the assigned function. The record reviewed does not establish individual delivery outcomes or independently verify credentials beyond the cited issuer disclosure.
Responsibility not applicable · This is an analytical role-fit judgment, not a claim of proven performance.
Evidence gaps · 3
- Independent verification of the complete career chronology, education and professional memberships is not established by the sources reviewed.
- No comprehensive regulator, court, safety, environment or litigation-record review was completed; absence of a finding here is not a clearance.
- Individual contribution to employer outcomes and concurrent board interests require additional source-level verification.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-06-30 · 605,322,399 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 19.60% | 118,649,875 | |
| 2 | 7.43% | 45,000,000 | |
| 3 | 6.46% | 39,118,138 | |
| 4 | 5.52% | 33,400,000 | |
| 5 | 5.26% | 31,840,470 | |
| 6 | 5.17% | 31,305,703 | |
| 7 | 4.47% | 27,033,671 | |
| 8 | 1.76% | 10,625,000 | |
| 9 | 0.83% | 5,000,000 | |
| 10 | 0.83% | 5,000,000 | |
| 11 | 0.74% | 4,500,000 | |
| 12 | 0.54% | 3,286,918 | |
| 13 | 0.50% | 3,051,343 | |
| 14 | 0.50% | 3,000,057 | |
| 15 | 0.50% | 3,000,000 | |
| 16 | 0.45% | 2,700,000 | |
| 17 | 0.41% | 2,501,430 | |
| 18 | 0.35% | 2,123,386 | |
| 19 | 0.33% | 2,000,000 | |
| 20 | 0.33% | 2,000,000 | |
| 21 | 0.33% | 1,970,000 | |
| 22 | 0.30% | 1,788,000 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The top-20 page does not state a separate measurement date; the 30 June 2026 annual-report period end is used as a proxy. The list is limited to the top 20 registered lines.
Sources
- Annual Report to shareholders 2026
ASX / issuer disclosure / Kaiser Reef Limited · Published 2026-09-30 · Accessed 2026-10-09
Top-20 ordinary share quantities and percentages; total issued capital 605,322,399.
page 58, 20 Largest holders of quoted equity securities, local copy downloads/KAU/2026/2026-09-30_Annual Report to shareholders_3401e252c4552f55.pdf
Disclosed activity
Insider transactions
Trading activity5 buys · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2024-02-16 | Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C>Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C>
Details & evidence for Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C> on 2024-02-16The filed threshold date (8 February 2024) and section 5 lookback table conflict for this post-threshold acquisition date; reported values are retained without changing the filing. As disclosed: 2024-02-16; cash $16,221.05; ordinary 115,639.
Becoming a substantial holder ↗ | PurchaseOrdinary shares | 115,639 | AUD 16,221.05 | AUD 0.140273Calculated average | — |
| 2024-02-09 | Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C>Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C>
Details & evidence for Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C> on 2024-02-09The filed threshold date (8 February 2024) and section 5 lookback table conflict for this post-threshold acquisition date; reported values are retained without changing the filing. As disclosed: 2024-02-09; cash $5,393.30; ordinary 43,028.
Becoming a substantial holder ↗ | PurchaseOrdinary shares | 43,028 | AUD 5,393.30 | AUD 0.125344Calculated average | — |
| 2024-02-08 | Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C>Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C>
Details & evidence for Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C> on 2024-02-08As disclosed: 2024-02-08; cash $236,194.40; ordinary 2,141,333.
Becoming a substantial holder ↗ | PurchaseOrdinary shares | 2,141,333 | AUD 236,194.40 | AUD 0.110303Calculated average | — |
| 2023-12-27 | Jack YetivJack Yetiv
Details & evidence for Jack Yetiv on 2023-12-27As disclosed: 27/12/2023; cash $1,500,000; ordinary 10,000,000.
Becoming a substantial holder ↗ | PurchaseOrdinary shares | 10,000,000 | AUD 1,500,000.00 | AUD 0.15Calculated average | — |
| 2023-12-21 | Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C>Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C>
Details & evidence for Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C> on 2023-12-21As disclosed: 2023-12-21; cash $75,000.00; ordinary 500,000.
Becoming a substantial holder ↗ | PurchaseOrdinary shares | 500,000 | AUD 75,000.00 | AUD 0.15Calculated average | — |
Disclosed holding observations2 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2024-02-08 | Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C>
Details & evidence for Hunt Prosperity Pty Ltd <Investius PB Micro Cap A/C> on 2024-02-08
Becoming a substantial holder ↗ | ThresholdOrdinary shares | 9,000,000 | 5.26%Voting Power |
| 2023-12-27 | Jack Yetiv
Details & evidence for Jack Yetiv on 2023-12-27
Becoming a substantial holder ↗ | ThresholdOrdinary shares | 10,000,000 | 5.85%Voting Power |
The closest covered peers
Peer comparison
Peer comparison pending
An on-demand analysis selects up to five closest peers and checks what their differences mean for independent fair value.
Narrative and provenance
Research & Sources
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory19 documents
KAU ASX ordinary-share closing priceMarket Data · HighExtracted
Latest eligible local KAU ordinary-share close at A$0.21, volume 1,207,834.
- Document ID
- market-price-20260925
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
Henty 2026 Resource & Reserve UpdateReserve Update · HighExtracted
Updated Henty resource 429koz inclusive of reserves and Probable reserve 198koz, with about six years of reserve life.
- Document ID
- henty-resource-20260907
- Published UTC
- 2026-09-06T22:28:00Z
- Projects
- henty
- Commodities
- gold
Underground Diamond Drilling Underway at MaldonOperations · HighExtracted
Underground drilling began from the new Union Hill access, initially targeting Linscott and Eaglehawk; day shift controls spending.
- Document ID
- maldon-drilling-20260831
- Published UTC
- 2026-08-30T23:24:00Z
- Projects
- maldon
- Commodities
- gold
A1 Stockpile Estimate CompletedResource Update · HighExtracted
A1 tailings 77,427t at 1.25g/t for 3,124oz, Inferred Resource; reclamation plan remains in progress.
- Document ID
- a1-tailings-20260817
- Published UTC
- 2026-08-16T23:04:00Z
- Projects
- a1 · maldon
- Commodities
- gold
Underground Development Commenced at Union Hill Gold MineOperations · HighExtracted
First new Union Hill development cut taken; northern drill drive will test Eaglehawk, Linscott, Ladies and Sailor reef targets.
- Document ID
- union-hill-development-20260810
- Published UTC
- 2026-08-09T23:44:00Z
- Projects
- maldon
- Commodities
- gold
FG1: Ore Purchase Agreement with Henty Gold MineEconomic Arrangement · HighExtracted
Nonbinding framework for Henty Gold to purchase Flynn Gold Tasmanian ore or concentrate; volumes and commercial terms undisclosed.
- Document ID
- flynn-ore-20260806
- Published UTC
- 2026-08-05T23:19:00Z
- Projects
- henty
- Commodities
- gold
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted
June-quarter and FY2026 operating results, FY2027 guidance, cash, debt, resources, reserves, permits and tenements.
- Document ID
- quarterly-20260630
- Published UTC
- 2026-07-30T23:32:34Z
- Projects
- henty · maldon · a1 · nsw-divestment
- Commodities
- gold
Company PresentationPresentation · HighExtracted
Current corporate presentation with FY2026 production, FY2027 targets, balance sheet, capital structure and project positioning.
- Document ID
- presentation-20260727
- Published UTC
- 2026-07-26T22:33:04Z
- Projects
- henty · maldon · a1
- Commodities
- gold
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted
March-quarter production, lower Henty grade, rising cash, spot-gold exposure and Maldon stockpile update.
- Document ID
- quarterly-20260331
- Published UTC
- 2026-04-29T01:06:17Z
- Projects
- henty · maldon
- Commodities
- gold
Application for quotation of securities - KAUFinancing · HighExtracted
Quotation of shares issued on exercise of $0.182 options and post-quotation issued-capital schedule.
- Document ID
- quotation-20260316
- Published UTC
- 2026-03-16T06:02:32Z
- Projects
- —
- Commodities
- —
Half Year AccountsResults · HighExtracted
Reviewed half-year financial statements showing Henty integration, profitability and the December balance sheet.
- Document ID
- half-year-20251231
- Published UTC
- 2026-03-13T03:06:09Z
- Projects
- henty · maldon · a1
- Commodities
- gold
Kaiser Fully Leveraged to Spot Gold PricesEconomic Arrangement · HighExtracted
Final 1,000oz Auramet call delivery at A$5,300/oz completed in February; all 6,000 calls settled and no remaining price caps.
- Document ID
- hedge-closeout-20260302
- Published UTC
- 2026-03-01T21:59:00Z
- Projects
- henty
- Commodities
- gold
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted
December-quarter production, updated Henty reserve/resource, cash generation and Maldon processing.
- Document ID
- quarterly-20251231
- Published UTC
- 2026-01-29T22:47:44Z
- Projects
- henty · maldon · a1
- Commodities
- gold
Revised Appendix 5BResults · MediumExtracted
Amended Appendix 5B replacing the original filing after a typographical oversight.
- Document ID
- appendix5b-revised-20250930
- Published UTC
- 2025-10-30T07:24:52Z
- Projects
- henty · maldon · a1
- Commodities
- gold
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted
September-quarter operations, first full Henty quarter, A1 care-and-maintenance transition and original Appendix 5B.
- Document ID
- quarterly-20250930
- Published UTC
- 2025-10-30T02:55:25Z
- Projects
- henty · maldon · a1
- Commodities
- gold
Board ChangesLeadership · HighExtracted
Jonathan Downes resigned and Brad Valiukas became managing director immediately.
- Document ID
- board-changes-20251007
- Published UTC
- 2025-10-06T22:54:00Z
- Projects
- —
- Commodities
- —
Annual Report to shareholdersResults · HighExtracted
FY2025 audited financial statements, acquisition accounting, capital structure and asset status.
- Document ID
- annual-report-20250630
- Published UTC
- 2025-09-30T07:41:15Z
- Projects
- henty · maldon · a1 · nsw-divestment
- Commodities
- gold
Kaiser Completes Acquisition of the Henty Gold MineTransaction · HighExtracted
Completion of the 100% Henty acquisition and confirmation of placement and Auramet funding.
- Document ID
- henty-completion-20250516
- Published UTC
- 2025-05-16T02:37:28Z
- Projects
- henty
- Commodities
- gold
Transformational Acquisition of the Henty Gold MineTransaction · HighExtracted
Acquisition terms, Henty operating history, then-current resource and reserve, funding and deferred consideration.
- Document ID
- henty-acquisition-20250324
- Published UTC
- 2025-03-23T23:04:11Z
- Projects
- henty
- Commodities
- gold
Evidence facts79
0.21 AUD/share
2026-09-250.24 AUD/share
2026-09-040.23 AUD/share
2026-09-076000 oz Au
2026-06-3027766 oz Au
2026-06-30164407459 AUD
2026-06-305896 AUD/oz Au
2026-06-304720 AUD/oz Au
2026-06-3032000 oz Au
2027-06-3037025000 AUD
2026-06-30200000 AUD
2026-06-3013618000 AUD
2026-06-302920000 AUD
2026-06-30416 oz Au
2026-06-30438000 oz Au
2025-10-23199000 oz Au
2025-10-23187000 oz Au
2022-07-21605000000 shares
2026-07-240.185 AUD/share
2026-07-24112000000 AUD
2026-07-2437200000 AUD
2026-06-3026000 oz Au
2026-06-3030000 oz Au
2027-06-3035000 oz Au
2028-06-305188 oz Au
2026-03-31346 oz Au
2026-03-315230 AUD/oz Au
2026-03-3145552000 AUD
2026-03-318649 oz Au
2026-02-11728 oz Au
2026-03-315934868 shares
2026-03-160.182 AUD/share
2026-03-16605322399 shares
2026-03-1662230136 options
2026-03-1610000000 rights
2026-03-169078187 AUD
2025-12-3143109911 AUD
2025-12-31593887531 shares
2025-12-3115060 oz Au
2025-12-315136 AUD/oz Au
2025-12-316946 oz Au
2025-12-31715 oz Au
2025-12-314126 AUD/oz Au
2025-12-3143100000 AUD
2025-12-31438000 oz Au
2025-10-23199000 oz Au
2025-10-2314525000 AUD
2025-09-3029445000 AUD
2025-09-308115 oz Au
2025-09-308539 oz Au
2025-09-303369 AUD/oz Au
2025-09-3029445000 AUD
2025-09-30True None
2025-09-3020756737 AUD
2025-06-304000000 AUD
2025-06-3051658187 AUD
2025-06-30593546150 shares
2025-06-3055042938 AUD
2025-05-15True None
2025-05-15100 %
2025-05-1530000000 AUD
2025-05-1615000000 AUD
2025-03-2416600000 AUD
2025-03-243000 troy oz Au
2025-03-240.5 %
2025-03-2410000000 AUD
2025-03-24Brad Valiukas None
2025-10-076000 oz Au
2026-02-28True None
2026-08-06True None
2026-08-1077427 tonnes
2026-08-173124 oz Au
2026-08-171.25 g/t Au
2026-08-17True None
2026-08-31429000 oz Au
2026-06-30198000 oz Au
2026-06-30366000 oz Au
2026-06-303 percent
2026-09-071 percent
2026-09-07