Karora Resources Inc (TSX:KRR)

Mining

Karora Resources Inc is a metal exploration company based in Australia. The mineral resource company’s two primary operations are located in Western Australia, namely HGO and Beta Hunt Mine.

The underground Beta Hunt Mine consists of high-grade deposits and discoveries, including Father’s Day Vein. Gold Field Limited holds the mining tenements in the property.

The company operates the mine with Gold Fields via a sub-lease agreement. It is located at a 600-kilometer distance from Perth in the Kambalda region and hosts both gold and nickel resources. The exploration company acquired Higginsville Gold Operations in June 2019, including various gold tenements, resource inventory, and two open-pit mines.

The company operates at two open-pit mines, namely Baloo and Fairplay North, which were brough into production in 2019.

The operations at Higginsville were previously owned and explored by various companies like Avoca Resources Limited, Alcer Gold Corporation, and Westgold Resources.

The processing at both the open-pit mines conducts through the Higginsville processing plant, owned by Karora Resources Inc. In addition, the mining company claims to focus on increasing the operational capacity of the two properties and explore new opportunities like Spargo's Reward Project.

The company claims that the Beta Hunt underground mine had obtained all required permits and has no tailings impoundment facility. In addition, it reportedly provides employment opportunities to local workers in Kalgoorlie and Kambalda regions. The HGO mine covered in 1,800 kilometers consists of mineral processing and tailing facilities stipulated with required permits. The company also claims that it maintains high environmental standards in operations at the HGO mine.

Higginsville Gold Operations consists of an operating processing facility, haul roads, open pits, and tailing storage facilities. The mineral exploration company claims that the workforce and contractors employed are from towns in Kambalda, Norseman, Esperance, and Kalgoorlie.

Karora Resources aims to leverage its mining-friendly position and continue to develop, explore, acquire precious metals properties.

Contact Information

company address 141 Adelaide Street West, Suite 1608 Toronto, ON, Canada M5H 3L5

company phone416-363-0649

company email[email protected]

company websitehttps://www.karoraresources.com/index.php

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