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Kaiser Reef leaps at ASX launch

Adrian Byass and Jonathan Downes are going back to explore the Stuart Town area of the Lachlan Fold Belt in Australia's east, in a bid to complete efforts they began and abandoned a decade ago with Ironbark Gold, and the market leapt on the story with Kaiser Reef’s ASX market debut.

Kaiser Reef leaps at ASX launch Kaiser Reef leaps at ASX launch Kaiser Reef leaps at ASX launch Kaiser Reef leaps at ASX launch Kaiser Reef leaps at ASX launch

Alkane Resources' Tomingley gold mine in New South Wales

Shares in the debutante opened at A23c, ahead of the raising price of 20c, peaking at 26c, with the close at 25c after 2.5 million shares changed hands.