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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 Mar 14, 2022 10:59am
273 Views
Post# 34511592

Krr's financials are out today...future is looking great

Krr's financials are out today...future is looking greatI was looking at the gold grams per ton average for 2021 and it was 2.6 g/ton....If Krr just maintains that average 2.6 g grade over the whole 2022 year at 1.6 million tons of ore , they will produce almost 135,000 ounces which will reach the high end of their 2022 production guidance...But, remember that they are upgrading the mill continually till May or June next year (2023), when it will reach 2.5 million tons, so the mill may have a capacity later this year in Q3 and Q4 that is more than it's current 1.6 million tons...In other words , the mill should be upgraded in stages, I mean, it's not going to be a situation where 15 months from now, they just turn on a switch and go from 1.6 million tons to 2.5 million tons overnight, I could be wrong but I see the mill maybe reaching 1.9 - 2.1 million tons by December 31/2022 and 2.5 million by end of June / 2023......So, my point is , is that maybe Krr will be able to run let's say 1.85 million tons average for the year 2022...So, if we run 1.85 million tons @ 2.6 g/t , we will get 155,000 ounces of gold production....There is also the Larkin zone resource to come out any day now...If this deposit is in the 5.0 g/t range, it will be a game changer as the Larkin ore would certainly increase overall production...If Krr could maintain a 3.1 gram/ton average x 1.85 million tons = 185,000 gold ounces produced over a 12 month period....Again, Krr's future is looking really great....
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