Karora Resources – Introducing this gold-nickel producer, growing production from 120,000oz/year to +200,000oz/year by 2024
Oliver Turner, VP of Corporate Development at Karora Resources (TSX:KRR – OTCQX:KRRGF) joins us to provide a high level overview of this fast growing gold and nickel producer with operations in Western Australia. Big picture the Company has production guidance of 105-115k oz for 2021 and a pathway to 185-205k oz/year by 2024.
We have Oliver outline the current hub and spoke production profile where the Beta Hunt Underground Mine is responsible for 80% of the current feed. In addition to the plan to double production at Beta Hunt, we review where the upcoming production growth will come from at the Higginsville Gold Operations and the new contributions from the Spargos deposit coming online in Q4.
We wrap up having Oliver provide a background on the management and cash on hand, balanced with current cash flow to fund the production expansion.
Please email us with your questions and thoughts on the Company. Our email addresses are Fleck@kereport.com and Shad@kereport.com.