Toronto:KRR

Karora Resources Announces Conference Call / Webcast Details for First Quarter 2024 Results

Retrieved on: 
Thursday, May 2, 2024
KRR, TSX, Local, Corporation, Webcast, News, Pass, Eastern Time Zone, Internet service provider

TORONTO, May 2, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce senior management will host a conference call / webcast on May 13, 2024 at 10:00 a.m. (Eastern Time) to discuss the Corporation's first quarter 2024 results.

Key Points: 
  • TORONTO, May 2, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce senior management will host a conference call / webcast on May 13, 2024 at 10:00 a.m. (Eastern Time) to discuss the Corporation's first quarter 2024 results.
  • The access information is provided below.
  • Karora plans to issue a news release containing the first quarter 2024 results before markets open in Toronto on Monday, May 13, 2024.
  • A recording of the conference call will be available for replay through the webcast link, or for a one-week period beginning at approximately 1:00 p.m. (Eastern Time) on May 13, 2024, through the following dial in numbers:
    North American callers please dial: 1-888-390-0541; Pass Code: 520835 #
    Local and international callers please dial: 416-764-8677; Pass Code: 520835 #

KARORA RESOURCES ANNOUNCES MERGER TRANSACTION WITH WESTGOLD RESOURCES

Retrieved on: 
Monday, April 8, 2024
CIBC, Agreement, GDX, Westgold Resources, Sale, G&A, AWST, OTCQX, Corporate spin-off, CBCA, Policy, Toronto Stock Exchange, KRR, Combined, Big Bell, Arrangement, Index, Safety, VWAP, Multilateral, Bluebird, ASX, TSX, Stikeman Elliott, Canada Business Corporations Act, Transaction, Good, Mining, Shareholder Meeting, Growth, Gold, FIRB, Security (finance)

TORONTO, April 7, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) ("Karora") and Westgold Resources Limited (ASX: WGX) (OTCQX: WGXRF) ("Westgold") have agreed to combine in a merger pursuant to which Westgold will acquire 100% of the issued and outstanding common shares of Karora ("Karora Shares") by way of a statutory plan of arrangement under the Canada Business Corporations Act ("CBCA") ("Transaction").

Key Points: 
  • TORONTO, April 7, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) ("Karora") and Westgold Resources Limited (ASX: WGX) (OTCQX: WGXRF) ("Westgold") have agreed to combine in a merger pursuant to which Westgold will acquire 100% of the issued and outstanding common shares of Karora ("Karora Shares") by way of a statutory plan of arrangement under the Canada Business Corporations Act ("CBCA") ("Transaction").
  • Karora shareholders will receive 2.5241 Westgold fully paid ordinary shares ("Westgold Shares"), A$0.68 (C$0.611) in cash and 0.30 of a share in a new company to be spun-out from Karora ("SpinCo") for each Karora Share held at the closing of the Transaction ("Offer Consideration").
  • Upon completion of the Transaction, existing Westgold and Karora shareholders will own approximately 50.1% and 49.9% of Enlarged Westgold, respectively.
  • The Transaction has been unanimously approved by the boards of directors of Westgold and Karora, and Karora's board of directors unanimously recommends that Karora shareholders vote in favour of the Transaction.

Karora Announces First Quarter 2024 Gold Production of 36,147 Ounces, Gold Sales of 40,343 Ounces and Cash Position of $87.3 million

Retrieved on: 
Friday, April 5, 2024
AISC, TSX, Gold, KRR

TORONTO, April 5, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce consolidated gold production of 36,147 ounces and sales of 40,343 ounces for the first quarter of 2024.

Key Points: 
  • TORONTO, April 5, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce consolidated gold production of 36,147 ounces and sales of 40,343 ounces for the first quarter of 2024.
  • Production was negatively impacted by wet weather during the quarter and a regional interruption to grid power that impacted the Lakewood mill, affecting gold ounces produced.
  • During the quarter, mobile crushing at Higginsville continued in lieu of primary crushing while the crusher bridge failure was repaired.
  • Karora's unaudited consolidated cash balance as at March 31, 2024 was $87.3 million, an increase of $4.8 million compared to December 31, 2023.

Karora Resources Provides Update on Exclusive Discussions

Retrieved on: 
Wednesday, March 27, 2024
TSX, ASX, KRR

TORONTO, March 27, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora") notes the announcement today by Ramelius Resources Ltd (ASX: RMS) that it is no longer in exclusive discussions with Karora regarding a potential transaction.

Key Points: 
  • TORONTO, March 27, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora") notes the announcement today by Ramelius Resources Ltd (ASX: RMS) that it is no longer in exclusive discussions with Karora regarding a potential transaction.
  • Karora confirms that it has exited such discussions.
  • Karora also confirms that it is currently engaged in exclusive negotiations with a new third party regarding a potential business combination.
  • Karora does not intend to make any additional comments regarding these discussions or any potential transaction unless a definitive agreement has been reached.

Karora Announces Consolidated 2024 Gold Production Guidance of 170,000 - 185,000 ounces at AISC of US$1,250 - US$1,375 per ounce sold

Retrieved on: 
Monday, March 11, 2024
Mineral Resources Limited, Environment, Corporation, Capital expenditure, Gold, Acquisition, Public expenditure, Capital, Nickel, Depreciation, Workforce, Resource, Mining

Payable nickel production guidance is treated as a by-production credit that is reflected in AISC.

Key Points: 
  • Payable nickel production guidance is treated as a by-production credit that is reflected in AISC.
  • The guidance also includes further equipment additions, processing plant upgrades at both Higginsville and Lakewood, tailings storage expansions and other growth-related expenditures.
  • Paul Andre Huet, Chairman & CEO, commented: "Following our record full year gold production of 160,492 ounces in 2023, gold production in 2024 is projected to be another significant increase to between 170,000 – 185,000 ounces.
  • 2024 guidance, which was announced in March 2023 (see Karora news release dated March 23, 2023), is updated as detailed above in Table 1.

Karora Resources Responds to Media Speculation

Retrieved on: 
Thursday, March 7, 2024
TSX, ASX, KRR

TORONTO, March 7, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora") notes the recent press speculation in relation to a potential transaction involving Ramelius Resources Ltd (ASX: RMS) ("Ramelius") and Karora.

Key Points: 
  • TORONTO, March 7, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora") notes the recent press speculation in relation to a potential transaction involving Ramelius Resources Ltd (ASX: RMS) ("Ramelius") and Karora.
  • Karora continually assesses strategic options and holds discussions with various industry participants.
  • Karora confirms that it is currently in exclusive discussions with Ramelius regarding a potential business combination.
  • Karora does not intend to make any additional comments regarding these discussions or any potential transaction unless a definitive agreement has been reached.

Karora Resources Drills 13.7% Ni over 2.6 metres, 12.0% Ni over 2.9 metres, and 15.4% Ni over 0.6 Metres Further Demonstrating the High-Grade Potential of the Open-Ended 50C Nickel Trough

Retrieved on: 
Monday, February 26, 2024
Nickel, Mining, Mineral, TSX, News, QA/QC, Resource, Karora, Disclosure, KRR, Gold, SGS, CRM, Measurement, Diamond, ICP-AES, BRI, Uranium mining

The first set of drilling results from the current 50C program demonstrate the potential for additional high-grade nickel mineralization associated with the Gamma Block Nickel Mineral Resource.

Key Points: 
  • The first set of drilling results from the current 50C program demonstrate the potential for additional high-grade nickel mineralization associated with the Gamma Block Nickel Mineral Resource.
  • Paul Andre Huet, Chairman & CEO, commented: "We are very pleased with the latest results received from our nickel drilling program at the 50C nickel discovery which, along with the 10C nickel trough, forms the Gamma Block nickel Mineral Resource.
  • The new infill drilling returned some outstanding high-grade results that are expected to support the upgrading and extension of the 50C Mineral Resource.
  • Assays recorded above the upper detection limit (25,000ppm Ni) are re-analyzed using the same technique with a greater dilution (ICP43B).

Karora Resources Announces New Fletcher Zone Gold Drilling Results of 3.8 g/t over 33.0 metres and 34.6 g/t over 2.0 metres at Beta Hunt

Retrieved on: 
Thursday, February 22, 2024
Nickel, Mining, News, TSX, Sandvik, QA/QC, Resource, Karora, Gold, KRR, SGS, CRM, Mineral Resources Limited, Ventilation, Diamond, ICP-AES, CAT, Mason

At Larkin, infill drilling targeting both gold and nickel mineralization delivered results that support the recently updated Larkin Gold Mineral Resource.

Key Points: 
  • At Larkin, infill drilling targeting both gold and nickel mineralization delivered results that support the recently updated Larkin Gold Mineral Resource.
  • Today's results from the Fletcher Zone include a very long intercept of 3.8 g/t over 33.0 metres and high-grade intercepts of 34.6 g/t over 2.0 metres and 15.2 g/t over 3.3 metres.
  • These results support both extending and increasing confidence in the Fletcher South Zone with the ultimate goal of completing sufficient drilling to produce a maiden Mineral Resource for the Fletcher Zone.
  • The drilling results for gold include holes that were primarily targeting nickel, which were also assayed for gold mineralization.

Karora Resources Announces Conference Call / Webcast Details for Fourth Quarter 2024 Results

Retrieved on: 
Wednesday, January 24, 2024
Corporation, TSX, KRR, Pass, News, Eastern Time Zone, Local, Webcast

TORONTO, Jan. 24, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce senior management will host a conference call / webcast on March 22, 2024 at 10:00 a.m. (Eastern Time) to discuss the Corporation's fourth quarter and full year 2023 results.

Key Points: 
  • TORONTO, Jan. 24, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce senior management will host a conference call / webcast on March 22, 2024 at 10:00 a.m. (Eastern Time) to discuss the Corporation's fourth quarter and full year 2023 results.
  • The access information is provided below.
  • North American callers please dial: 1-888-664-6383
    Local and international callers please dial: 416-764-8650
    To join the conference call without operator assistance, you may register and enter your phone number at the Callback Link to receive an instant automated call back and be placed into the call.
  • Karora plans to issue a news release containing the fourth quarter and full year 2023 results before markets open in Toronto on Friday, March 22, 2024.