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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 24, 2022 12:27pm
445 Views
Post# 34917389

possible production for Q3

possible production for Q3So right now Krr is getting 300,000 tons of gold ore out of Beta Hunt via ramp #1....With the coarse gold now found and added to the mix, we could see the overall grade of the beta hunt ore go up to 3.2 g/t . This happened in Q4 of 2019 when they found a 3000-3500 ounce boulder which did bump up the overall grade of beta hunt to 3.2 g/t and really significantly increased their profitability for that quarter...So this time around we could see the same thing....If they process 300,000 tons of ore through ramp#1 and the net grade is 3.2 g/t .....300,000 x 3.2 = 960,000 grams divided by 31 = 30,967 ounces just from Beta Hunt alone ...if they were able to process 200,000 tons of ore from all their other deposits at a net grade of 2.4 g , we get 200k x 2.4 = 480,000 grams or 15,483 ounces ...30,967 + 15,483 = 46,450 gold ounces produced in Q3 which annualized = 185,803 ounces....If Krr could pull this off this Q3 or Q4 , the share price would explode upwards like a skud missile...Don't forget that they now have mill capacity of 650,000 tons per quarter...In the scenario above, they would only be processing 500,000 tons of ore with 150,000 tons to spare....In any event, this coarse gold that they found will significantly change their grades and their profitability...I hope they have in the tens of thousands of ounces of coarse gold on level 16 as this will be a game changer...
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