Higginsville

Karora Announces Three Year Production Guidance and Organic Growth Plan to Double Gold Production to 185,000 - 205,000 oz by 2024

Retrieved on: 
Monday, June 28, 2021

These holes are considered to have missed the high grade plunging shoot positions which remain open at depth down plunge.

Key Points: 
  • These holes are considered to have missed the high grade plunging shoot positions which remain open at depth down plunge.
  • The southern margin of the Mineral Resource is limited by a single historic hole and is considered virtually untested.
  • Karora is focused on growing gold production and reducing costs at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations ("HGO") in Western Australia.
  • Failure to achieve the anticipated production costs would have a material adverse impact on the Corporation's cash flow and future profitability.

Karora Announces Results of Annual Meeting of Shareholders

Retrieved on: 
Thursday, June 10, 2021

Karora is focused on growing gold production and reducing costs in an energy conscious manner at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations ("HGO") in Western Australia.

Key Points: 
  • Karora is focused on growing gold production and reducing costs in an energy conscious manner at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations ("HGO") in Western Australia.
  • HGO has a substantial Mineral gold Resource and Reserve and prospective land package totaling approximately 1,900 square kilometers.
  • Karora has a strong Board and management team focused on delivering shareholder value.
  • Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Karora to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Karora Delivers Strong Start to Year with First Quarter 2021 Adjusted Earnings of $0.06 Per Share, Adjusted EBITDA of $0.15 Per Share as Operations Continue to Deliver in Line With 2021 Guidance and Phase I Mill Expansion Tracks Ahead of Schedule

Retrieved on: 
Friday, May 7, 2021

Karora continues to evaluate the underground potential at Baloo.\nAt Two Boys dewatering and exploratory work was significantly advanced during the first quarter of 2021.

Key Points: 
  • Karora continues to evaluate the underground potential at Baloo.\nAt Two Boys dewatering and exploratory work was significantly advanced during the first quarter of 2021.
  • The high-end of 2021 production guidance represents a 21% increase over the high-end of 2020 guidance (19% mid-point to mid-point).
  • The mid-point of 2021 AISC cost guidance represents an 8% reduction when compared to the mid-point of 2020 guidance.
  • 2021 Resource Definition drilling will initially focus on testing targets within Higginsville Central, which includes the Aquarius, Two Boys and Trident deposits.

Karora Resources Announces Conference Call / Webcast Details for First Quarter 2021 Results

Retrieved on: 
Tuesday, April 27, 2021

b'TORONTO, April 27, 2021 /CNW/ -Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announcesenior management will host a conference call / webcast on May 7, 2021 at 10:00 a.m. (Eastern Time) to discuss the Corporation\'s first quarter 2021 results.

Key Points: 
  • b'TORONTO, April 27, 2021 /CNW/ -Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announcesenior management will host a conference call / webcast on May 7, 2021 at 10:00 a.m. (Eastern Time) to discuss the Corporation\'s first quarter 2021 results.
  • The Higginsville treatment facility is a low-cost 1.4 Mtpa processing plant which is fed at capacity from Karora\'s underground Beta Hunt mine and open pit Higginsville mine.
  • HGO has a substantial Mineral gold Resource and Reserve and prospective land package totaling approximately 1,900 square kilometers.
  • The Company also owns the high grade Spargos Reward project which is anticipated to begin mining in 2021.

Karora Intersects 11.6% Nickel Over 4.6 Metres in a New High-Grade Discovery - "Gamma Zone - 50C" and Extends Gold Mineralized Strike Length by 400 Metres to Over 3.5 Kilometres at Beta Hunt

Retrieved on: 
Tuesday, April 6, 2021

There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.

Key Points: 
  • There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.
  • The association of gold mineralization with the ultramafic is not typical of the Beta Hunt gold mineralized system and requires further study to understand the significance of this observation.
  • Karora is focused on growing gold production and reducing costs at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations ("HGO") in Western Australia.
  • At Beta Hunt, a robust gold Mineral Resource and Reserve is hosted in multiple gold shears, with gold intersections along a 4 km strike length remaining open in multiple directions.

Karora Announces 2020 Results Including Record Annual Net Earnings of $88 Million, 2020 AISC Cost Guidance Beat, Along With Record Low 4Q20 AISC of US$912 per ounce

Retrieved on: 
Friday, March 19, 2021

For the full year 2020, Higginsville Gold Operations milled 1,325 kt of material at an average grade of 2.33 g/t.

Key Points: 
  • For the full year 2020, Higginsville Gold Operations milled 1,325 kt of material at an average grade of 2.33 g/t.
  • The additional ounces sold in the fourth quarter of 2020 compared to gold produced was a carry over from the third quarter of 2020 production.
  • During 2020, 580 kt of HGO material was milled to produce 32,770 ounces of gold at an average grade of 1.90 g/t.
  • The reduced AISC guidance reflects Karora's continued focus on cost reduction initiatives following a very successful year of reducing AISC during 2020.

Karora Resources Intersects 29.8 g/t Gold Over 19.0 Metres and 27.3 g/t Gold Over 15.0 Metres from Initial Drilling at Spargos Project

Retrieved on: 
Wednesday, November 18, 2020

Initial drill results1 within 100 metres of the surface have intersected new high grade gold intercepts at the Spargos Project.

Key Points: 
  • Initial drill results1 within 100 metres of the surface have intersected new high grade gold intercepts at the Spargos Project.
  • Paul Andre Huet, Chairman & CEO, commented: "Our exploration drilling program at Spargos is off to a tremendous start.
  • Drilling to date totals 21 holes for 1,608 metres (Figure 2 highlights the location of recently completed Karora drill holes and historic drill holes).
  • Karora is focused on growing gold production and reducing costs at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations ("HGO") in Western Australia.

Karora Provides Update on 2020 Drilling Program and Announces New Regional Mining Strategy for Higginsville Area

Retrieved on: 
Monday, November 9, 2020

Karora is also in the process of completing a new Central Higginsville mining strategy that will be rolled out during the fourth quarter.

Key Points: 
  • Karora is also in the process of completing a new Central Higginsville mining strategy that will be rolled out during the fourth quarter.
  • The strategy will allow Karora to prioritize resource conversion and production scenarios to optimize mill feed blend rates into the Higginsville plant.
  • The drill program consists of resource definition drilling aimed at supporting the upcoming reserve and resource update as well as exploration drilling across multiple targets.
  • In fact, a large part of our 2020 drilling program is being undertaken in the fourth quarter as a result of these delays.

Karora Generates Strong Third Quarter Free Cash Flow With Gold Production of 24,717 Ounces Boosting Quarter End Cash Balance by 34% to $67 Million

Retrieved on: 
Wednesday, October 14, 2020

Karora's consolidated cash balance increased to $67.3 million as at September 30, 2020, a 34% increase from $50.2 million on June 30, 2020.

Key Points: 
  • Karora's consolidated cash balance increased to $67.3 million as at September 30, 2020, a 34% increase from $50.2 million on June 30, 2020.
  • This is now our fifth straight quarter of strong gold production results since acquiring Higginsville in June of 2019.
  • Karora is focused on growing gold production and reducing costs at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations ("HGO") in Western Australia.
  • Failure to achieve the anticipated production costs would have a material adverse impact on the Corporation's cash flow and future profitability.

Karora Resources to Participate in Upcoming Gold Conferences

Retrieved on: 
Tuesday, September 15, 2020

Karora will present at the Precious Metals Beaver Creek Virtual Conference at 8:00 a.m. EDT on Thursday, September 17, 2020.

Key Points: 
  • Karora will present at the Precious Metals Beaver Creek Virtual Conference at 8:00 a.m. EDT on Thursday, September 17, 2020.
  • Karora is focused on growing gold production and reducing costs at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations ("HGO") in Western Australia.
  • At Beta Hunt, a robust gold mineral resource and reserve is hosted in multiple gold shears, with gold intersections along a 4 km strike length remaining open in multiple directions.
  • A production decision at the Higginsville gold operations was made by previous operators of the mine, prior to the completion of the acquisition of the Higginsville gold operations by Karora and Karora made a decision to continue production subsequent to the acquisition.