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Karora Resources Inc T.KRR

Alternate Symbol(s):  KRRGF

Karora Resources Inc. is a Canada-based multi-asset mineral resource company. The Company’s portfolio includes the Beta Hunt Underground Mine, Higginsville Gold Operations and Lakewood Mill. It owns 100% of Beta Hunt, a gold-producing mine located approximately 600 kilometers from Perth in Kambalda, Western Australia. It owns and operates HGO, which is located approximately 75 kilometers south of the Beta Hunt Mine in Higginsville, Western Australia. HGO has a mineral gold resource and reserve and prospective land package totaling approximately 1,900 square kilometers. The operation includes a 1.6 million tons per annum (Mtpa) processing plant, 192 mining tenements, including the Aquarius, Hidden Secret, Mousehollow, Two Boys, Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge and Mount Henry deposits. The Lakewood Gold Mill is located just outside Kalgoorlie, Western Australia and approximately 60 kilometers from the Beta Hunt Mine, has a processing capacity of 1.0 Mtpa.


TSX:KRR - Post by User

Post by Farquaron Jul 10, 2021 7:08pm
343 Views
Post# 33527092

Latest crux interview was all general information

Latest crux interview was all general information Mostly but not all what Paul Huet talked about was what we all already know... Karora does have a very bright future. However, would like to see more detailed questions about what's been going on and what they're doing or could be doing. Like for example, twice now in the last few months , Huet and Oliver Turner have mentioned that Larkin grades are double (5.2 g/t) the usual Beta Hunt underground grade which Huet just said was (2.6 g/t). So, Larkin is 650 metres long and expected to be a 1 kilometre long deposit. So why not ask Huet: how many ounces (ballpark) are we talking about at Larkin at .65 km long and at one kilometre of 5.2 g/t grade? How much gold are they expecting there? So, another question to ask is : Spargos has 1.5 million tons of ore and 150,000 ounces of gold, so why doesnt Karora just run Spargos ore exclusively in the soon 1.6 million ton mill for the next 12 months? 150,000 ounces at 94% recovery is 141,000 ounces of gold. They should be able to move all that ore, in one year, it's all shallow open pit. Why not mine all the nickel they can at Beta Hunt while the mill is being fed Spargos ore? How much of that 16,000 tons of nickel could they produce if they went all out on nickel mining only? Anyways, you get my point...as Huet has said, they have optionality now...so let's get a serious discussion about how to maximize the greatest profit in the shortest time possible....There are alot of other questions that I and I'm sure others here would like answered, but this is getting too long....
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