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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 Nov 26, 2021 9:00am
107 Views
Post# 34168084

Lakewood gold mill

Lakewood gold millSo, Lakewood gold mill is owned by a company called Golden Mile Milling Pty Ltd. They purchased the mill from Silver Lake Resources in 2014 for 5.5 million $Aus... At the time the mill could handle 700,000 t/yr hard rock ore and 900,000 t/yr soft rock....In 2021 the mill is described as a 1 million ton/yr mill..........I think this company only makes money by toll fees to other gold companies. . I am not sure if anybody is using the mill at the moment..Silver Lake resources still maintains a 2% royalty on the gold milled there... Again, this mill looks like it could be purchased for a song and dance and if Karora decided to take it over, they could easily supply lots of gold ore for years to come.... Btw, all these mills are accessible by highways....
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