Australia's Kaiser Reef jumps most in 4 months on promising gold finds

Kaiser Reef

08/10/2021 05:44

** Shares of Kaiser Reef Ltd  KAU.AX  jump as much as
19.2%to A$0.28, set for their best intraday session since May 18
    ** Gold miner says opened https://www.asx.com.au/asxpdf/20211008/pdf/451fjdts53dm72.pdf
 new areas for airleg mining activities from its Queens Lode
project at A1 Gold Mine, Victoria 
    ** Says awaiting assay results to begin mechanical stoping
in order to ramp up production
    ** Shares trade at highest since July 5; set for a weekly
gain at 27.5%; about 1.1 mln shares change hands, 8.7-times the
30-day avg volume of 123,675 
    ** Stock has fallen 42% YTD, as of Thursday's close

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))