Karora Resources Inc T.KRR

Alternate Symbol(s): KRRGF

Metals & Mining Gold

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

Karora Resources Inc

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Post by Farquaron Mar 08, 2022 7:15am

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Post# 34493997

LME has halted nickel trading!

I was checking the share price of Mincor nickel, which is the neighbor of Krr... The comy pany trades on the ASX ...The share price actually dropped 8.5% yesterday! The company which is on the verge of commencing production in June has a contract to supply as much as 600,000 tons of nickel ore to BHP's nickel concentrator next to Beta Hunt..Why the heck is it up only 14% ytd? I don't think they have a hedged set price on their nickel sales but maybe they had to agree to sell their nickel at a certain price for them to have received financing from a bank....That's the only explanation I see for it's share price to have gone down 8.5% yesterday...crazy....

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