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FINWIRES

Kaiser Reef Says Underground Refurbishment, Rehabilitation at Victoria Mine to Start in May

-- Kaiser Reef (ASX:KAU) said underground refurbishment and rehabilitation at the Union Hill mine, within the Maldon project in Victoria, will begin in May, according to a Wednesday filing with the Australian bourse.

Initial underground refurbishment works include establishing a northern access drilling platform to target untested sections of the Eaglehawk and Ladies Reefs, the filing said.

Drilling is expected to start next quarter, per the filing.

Shares fell nearly 2% in morning trade Wednesday.

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