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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 29, 2021 10:41am
168 Views
Post# 34175652

4 gold mills in Krr's territory that could be acquired

4 gold mills in Krr's territory that could be acquired So, in summary, after a bit of investigation, we can ascertain that there are 4 potential gold mills close to Krr territory, that could be bought by Krr.............1) Jubilee mill 1.2 million t/y ( owned by Northern Star who paid 80 million$ aus for it a couple of years ago) about only 15 kms away from Beta Hunt and 20 kms from Spargos...This mill would be ideal for processing Beta Hunt ore as well as Spargos ore. At some point, maybe in the near future, Northern Star will run out of gold ore for that mill and would likely be willing to sell it , as it would possibly have to be put on care and maintenance...That's the problem with mills, they are not transportable, once you run out of gold in their immediate vicinity, they become less economical for gold companies to run gold ore through them , due to the transport costs as the gold deposits are too far away...Anyways, the Jubilee mill right now , will outlive it's usefulness for Northern Star...unless Northern Star wants to buy out krr...Perhaps this was Northern Star's intention all along.. Anyways , my guess is Krr is waiting out the situation , to get a better price on purchasing that mill............ 2) Burbanks mill 180,000 tons/yr 35 kms away from Spargos ...Could be bought for a few million$ aus.......................3) Focus (Three mile hill mill) 1.2 million tons/year 45 kms from Spargos and 50 kms from Beta Hunt....this could be bought for just a few million $ Aus.................. 4) Lakewood mill 1.0 million tons/year... 45 kms from Beta hunt....this could be bought out for a few million $ also .....
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