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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 Aug 23, 2021 5:34am
399 Views
Post# 33747300

It's been almost 14 months since the roalty deal with Maveri

It's been almost 14 months since the roalty deal with MaveriSo, Krr paid 25 million$ cdn in cash and shares to Maverix to reduce the royalty on Beta Hunt by 2.75% effective July 1, 2020.. It's getting to the point now where , krr better start finding the coarse gold or else start facing some serious backlash... I believe as others do, (Eric Sprott believes this) that there is still lots of gold boulders all over those 4 main shears..I expect major coarse gold discoveries in the next 4 1/2 months..If no substantial coarse gold is reported by early 2022 , then I believe it will be legitimate to criticize Huet going forward next fiscal year....Now, having said that, just because the coarse gold discoveries may be few and far between does not mean that Karora won't have many other positive catalysts in the next 6-12 months, but if they start reporting 1000's of ounces of new coarse gold in the coming weeks, it will be very exciting around here... Remember the last major coarse gold discovery? It was 4th quarter 2020, a 2500 ounce specimen.November 2,2020, ...but that thing upped the overall grade mined in Q4 to around 3.2g/t and increased the profits significantly and of course lowered the AISC alot too.....The profits per share were quite high in Q4 also...We are more than overdue for another coarse gold discovery ....
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