Karora Resources – 2021 Operations Review And 2022 Guidance For This Growth-Oriented Gold-Nickel Producer
Oliver Turner, VP of Corporate Development at Karora Resources (TSX:KRR – OTCQX:KRRGF) joins us to review the 2021 operations and 2022 guidance for their gold and nickel operations in Western Australia. The Company produced 113,000 ounces with a projected an all-in sustaining cost in the range of $985-$1085 per ounce, which will be reported next week in a financial update. For this year the production guidance is 110,000 – 135,000 ounces at a projected AISC of $950-$1050 per ounce.
We review the aggressive growth plans for production over the next few years, as the company is busing developing it’s twin decline ramp into the Beta Hunt mine, which will allow more throughput through the mill, and projected guidance for 150,000 – 170,000 ounces for 2023, and then 200,000 ounces by 2024. 80% of the producing operations will continue to come from the Beta Hunt gold-nickel mine, and the balance will come from the Higginsville Gold Operations and the new contributions from the Spargos deposit which just came online in Q4. One area that may positively impact cost estimates is the increasing value of the nickel as co-credit to the gold at Beta Hunt.
We wrap up having Oliver provide details on the $20 million exploration plan for 2022, which is the largest drill program at all projects in over 12 years. One of the high priority targets for more follow up is the 50C Area, now named the Gamma Block, which has high-grade nickel and gold intercepts and will be coming into the mine plan next year.
Please email us with any questions for Oliver regarding Karora Resources. Our email addresses are Fleck@kereport.com and Shad@kereport.com.