Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Jun 05, 2023 10:27am
206 Views
Post# 35480286

Second vent should be completed this month...

Second vent should be completed this month...And the third vent at Beta Hunt should hopefully be completed by the end of Q3..

If they can get full production going out of Beta Hunt for Q4 , then Q4 is going to be outstanding..

Q1 saw almost 300,000 tonnes of ore coming out of Beta Hunt at about 2.92 g/t out of mostly one ramp.

Now if ramp #2 is fully operational for Q4, then maybe they will process over 500,000 tonnes of ore...300k from ramp #1 and 200k from ramp #2...

500 k @ 2.92 g/t @ 94% recovery = 44,270 ounces of gold from Beta Hunt alone or 177, 083 ounces/year just from Beta Hunt alone ..

In Q1 , krr produced 13,200 ounces from HGO, so if they can replicate the same production for Q4, you add 13,200 to 44,270 and you get a Q4 production of 57,470 ounces or almost 230,000 ounces per year ..

We are getting very close to attaining all objectives and milestones that management has worked hard for....

This is not the time to sell your shares in krr ...

If the price of gold is say 2400$ in Q4 , then the share price of Krr will explode upwards...
<< Previous
Bullboard Posts
Next >>