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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 12, 2022 9:27am
220 Views
Post# 34890986

200,000 ounce/yr gold production starts March 2023

200,000 ounce/yr gold production starts March 2023With the 2nd ramp finished in March/2023, KRR should be extracting 2 million tons of gold ore out of beta hunt mine by way of the 2 ramps....Add 600,000 tons of ore coming from Spargos, Two Boys, Aquarius and higginsville etc. they should be able to reach their goal of 2.6 million tons of gold ore... 2.6 mil x 2.4 g ( NET recoveries) = 6,240,000 grams of gold production or 201,290 ounces per year...So, by this time next year KRR will have 200,000 gold production and 1175 tonnes nickel production, which is a sizeable improvement and shows KRR being an outperformer compared to other gold juniors. If the price of gold and nickel goes up, KRR will make significant profits...
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