Westgold Reports Bonanza Gold Zone At Western Flanks

Westgold (ASX: / TSX: WGX)

Provided an update in relation to recent mining activities at the Western Flanks orebody at Beta Hunt. 

Sediment hosted coarse gold mineralisation confirmed within Western Flanks
Provides significant production upside potential.

 

 

.Westgold

 

 

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Westgold ASX / TSX: WGX
Stage Production + development
Metals Gold
Market cap A$2.735 Billion @ A$2.90
Location Western Australia
Website www.westgold.com.au

 

 

Westgold Reports Bonanza Grade Coarse Gold Zones At Western Flanks

 

 

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Perth, Western Australia, 11 September 2024: Westgold Resources Limited (ASX: WGX, TSX: WGX, OTCQX: WGXRF) (Westgold or the Company) is pleased to provide an update in relation to recent mining activities at the Western Flanks orebody at Beta Hunt.

 

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Highlights

Sediment hosted coarse gold mineralisation confirmed within Western Flanks
– providing significant production upside potential.
Mineralisation style is consistent with the bonanza grade “Father’s Day Vein”
– previously mined in the parallel A Zone deposit.
Potential for similar style high grade positions within Beta Hunt – including in
the rapidly evolving Fletcher Zone.

 

 

.

Westgold Managing Director and CEO Wayne Bramwell commented:

“Coarse gold occurrences at Beta Hunt, such as the famous “Father’s Day Vein” discovered in 2018, have to date been limited to the A Zone deposit.

 

“The confirmation of this style of mineralisation within the Western Flanks deposit not only provides increased production upside, it also indicates the potential for additional bonanza grade zones within other mineralised structures such as the Fletcher Zone.

 

“Westgold sees a much larger opportunity at Beta Hunt and across our Southern Goldfields assets, with drilling the catalyst to defining their real scale.”

 

 

To read the full news release please click HERE

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The live gold price can be found HERE

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=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Westgold.

.

To read our full terms and conditions, please click HERE



Westgold Announce Fletcher Zone Drill Results At Beta Hunt

Westgold (ASX / TSX: WGX)

Provided an overview of the Beta Hunt mine and update in relation to the ongoing Stage 3 Resource Definition drilling program being undertaken at the Fletcher Zone discovery  within the Beta Hunt operation at the Company’s Southern Goldfields Operations.

 

 

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Westgold underground mining at Beta Hunt

 

 

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Westgold Announce Outstanding Drill Results From Fletcher Zone At Beta Hunt – Two additional drill rigs to be deployed to accelerate program

 

Perth, Western Australia, 21 August 2024: Westgold Resources Limited (ASX: WGX, TSX: WGX, OTCQX: WGXRF) (Westgold or the Company) is pleased to provide an overview of the Beta Hunt mine and update in relation to the ongoing Stage 3 Resource Definition drilling program being undertaken at the Fletcher Zone discovery (Fletcher) within the Beta Hunt operation at the Company’s Southern Goldfields Operations.

 

 

.

Highlights

Assays from the next 8 holes of the Fletcher Stage 3 program at Beta Hunt
have been received.
Significant intersections include:
 4.00m @ 22.45g/t Au in hole WF440N1-01AR
 5.00m @ 10.95g/t Au in hole WF440N1-21AE
 5.20m @ 10.13g/t Au in hole WF440N1-02AR
 8.00m @ 5.26g/t Au in hole WF440N1-01AR
 7.00m @ 7.97g/t Au in hole WF440N1-21AE
 6.00m @ 6.39g/t Au in hole WF440N1-04AR
 15.00m @ 3.07g/t Au in hole WF440N1-3AR

.

Resource Definition program to be accelerated – an additional two drill rigs to
be deployed taking fleet to three at Fletcher.

Maiden Mineral Resource Estimate targeted for late Q2 / early Q3 FY25.

 

 

.

Westgold Managing Director and CEO Wayne Bramwell commented:

“The Fletcher Zone is key to expanding gold production at Beta Hunt. It is a proximate, parallel lode to the existing 1.6Moz Western Flanks system and Westgold is currently advancing decline development from Western Flanks towards Fletcher to access a new mining front.

 

“Accelerating drilling will rapidly unlock value at Fletcher. To date Fletcher has only 32 drill holes into this emerging 2km long target and Westgold is now mobilising an additional 2 drill rigs to Beta Hunt to accelerate this program.

 

.
Westgold looks forward to expanding production at Beta Hunt and delivering a maiden Mineral Resource Estimate for the emerging Fletcher Zone in late Q2 / early Q3 FY25.”

 

.

To read the full news release please click HERE

.

.

The live gold price can be found HERE

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Westgold.

.

To read our full terms and conditions, please click HERE



Karora Resources Files Management Information Circular

Karora Resources (TSX: KRR)

Announced that it has filed and is in the process of mailing the management information circular and related materials for the annual general and special meeting of shareholders of Karora to be held on July 19th, 2024. 

 

 

.

Karora Resources

Gold in drill core from Beta Hunt mine, Western Australia

 

 

.

 

 

.

Karora Resources TSX: KRR
Stage Production + Development + Exploration
Metals Gold + Nickel
Market cap C$1 Billion @ C$5.97
Location Kalgoorlie, Western Australia
Website www.karoraresources.com

 

 

.

Karora Resources Files Management Information Circular In Connection With Proposed Arrangement

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Karora Board and Special Committee unanimously recommend that Shareholders vote FOR the Arrangement

.

.

TORONTO,June 21, 2024/CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) today announced that it has filed and is in the process of mailing the management information circular (the “Circular”) and related materials for the annual general and special meeting (the “Meeting”) of shareholders of Karora (“Karora Shareholders”) to be heldJuly 19, 2024.

 

At the Meeting, Karora Shareholders will be asked to consider and vote on, among other things, a special resolution (the “Arrangement Resolution”) approving a statutory plan of arrangement pursuant to Section 192 of theCanada Business Corporations Act(the “Arrangement”), subject to the terms and conditions of an arrangement agreement datedApril 8, 2024(the “Arrangement Agreement”) entered into among Karora, Westgold Resources Limited (“Westgold”),1474429 B.C. Ltd., a wholly owned subsidiary of Westgold, and Culico Metals Inc. (formerly 1000853883 Ontario Inc.) (“SpinCo”), a wholly owned subsidiary of Karora, all as more particularly described in the Circular.

The board of directors of the Corporation (the “Karora Board”) believes that the Arrangement will deliver a premium and other benefits to Karora Shareholders.

The Karora Board and the special committee established by the Karora Board (the “Special Committee”) have unanimously determined that the Arrangement is in the best interests of the Corporation and that the Arrangement is fair to the Karora Shareholders.

The Arrangement can only proceed if, among other conditions, it receives the approval of not less than two-thirds (66⅔%) of the votes cast on the Arrangement Resolution by Karora Shareholders in person or by proxy at the Meeting.

The Special Committee and the Karora Board reviewed and considered a significant amount of information and considered a number of factors relating to the Arrangement, with the benefit of advice from Karora’s management, and the respective financial advisors and legal advisors of the Special Committee and the Karora Board.

The Special Committee and the Karora Board unanimously recommends that Karora Shareholders vote FOR the Arrangement Resolution. See pages 37 to 39 of the Circular for a detailed description of the “Reasons for the Arrangement”.

 

Under the Arrangement Agreement, the parties have agreed to effect the Arrangement, pursuant to which:

  • Karora will assign, or cause its applicable direct or indirect subsidiaries to assign, all of their respective ownership interest in the Transferred Assets (as defined in the Circular) to SpinCo;
  • Karora will spin out to the holders of Karora Shares at the Effective Time 0.3 of a SpinCo Share for each Karora Share held as at the Effective Time; and
  • Westgold will indirectly acquire all of the issued and outstanding Karora Shares, and Karora Shareholders will be entitled to receive for each Karora Share held immediately prior to the Effective Time, (i)$0.608in cash and (ii) 2.524 fully paid ordinary shares in the capital of Westgold (each one whole share, a “Westgold Share”).

 

.

To View Karora Resources’ historical news, please click here

.

——-

.

To read the full news release, please click HERE

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Karora Resources.

.

To read our full terms and conditions, please click HERE



Karora Reports 14.7 G/T Gold Over 4 m And 12.2 G/T Over 6 m

Karora Resources (TSX: KRR)

Announced further significant results from gold exploration and infill drilling at the Beta Hunt and Spargos Mines.

Infill and extensional drilling targeting the Mason Zone delivered strong results extending the mineralized strike by 100 m to 800 m, providing confidence for a potential new deposit for future mining.

.

.

.

Karora Resources underground mining at Beta Hunt

 

 

.

Karora Resources TSX: KRR
Stage Production + Development + Exploration
Metals Gold + Nickel
Market cap C$748 million @ C$4.28
Location Kalgoorlie, Western Australia
.
.

Karora Reports Intersections Of 14.7 G/T Over 4.0 Metres And 12.2 G/T Over 6.0 M At Beta Hunt’s Mason Zone And The 140 Metre Extension Of Gold Mineralization At The Spargos Mine To A Depth Of 580 M

.

TORONTO, Sept. 18, 2023 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce further significant results from gold exploration and infill drilling at the Beta Hunt Mine and Spargos Mine:

  • Infill and extensional drilling targeting the Mason Zone delivered strong results extending the mineralized strike by 100 metres to 800 metres and providing confidence for a potential new deposit for future mining.
  • Larkin drilling infilled the northern end of the Larkin Mineral Resource. Results give increasing confidence for an upgrade of the current Inferred Mineral Resource to Indicated status.
  • Drilling in the A Zone and Western Flanks deposits focused on upgrading the Mineral Resource with results generally supporting the current interpretation and increasing the confidence of the Inferred portion of the Mineral Resource.
  • Drilling at Spargos was successful in extending high grade mineralization up to 140 metres below current drilling to 580 metres below surface. Mineralization remains open at depth.

.

Recent intersection highlights from the ongoing Beta Hunt underground diamond drill program and Spargos drill program are listed below:

Continue Reading

Mason2

  • BM1941SP3-02AE:  12.2 g/t over 6.0 metres
  • BM1941SP3-14AE:  14.7 g/t over 4.0 metres and 8.0 g/t over 7.0 metres
  • BM1941SP3-09AE:  5.9 g/t over 7.8 metres
  • BM1941SP3-08AE:  3.8 g/t over 11.4 metres

      .

      .

      Spargos1.

      • KXDD003:  12.8 g/t over 2.1 metres and 4.4 g/t over 9.1 metres
      • KXDD004:  6.0 g/t over 5.0 metres and 3.4 g/t over 6.1 metres
      1. Estimated True Widths
      2. Interval lengths are downhole widths. Estimated true widths cannot be determined with available information.

       

      .

      .

      Paul Andre Huet, Chairman & CEO, commented:

       

      “Today we reported more strong results at our flagship operation as part of the 2023 Beta Hunt drilling program. The theme of discovering new mineralized shear zones via exploration from existing underground development, expanding strike and depth extents of known shears via the drill bit and growing our resource base continues.

       

      “Our latest set of results from the Mason Zone continued to return significant results, including 14.7 g/t over 4.0 metres and 12.2 g/t over 6.0 metres, supporting the potential for our next new Mineral Resource in the Beta Block west and parallel to the existing Mineral Resource at the Larkin zone.

       

      “The results at Mason continue to support the potential we previously identified (see Karora news release dated January 23, 2023) for the continued growth of the zone, which has now increased by another 100 metres to 800 metres of strike length.

       

      “A core focus of our 2023 drilling program is upgrading portions of our large Inferred Mineral Resource base.

       

      “At the Larkin Zone, new infill drill results designed to upgrade and extend the current Mineral Resource returned encouraging values, including intercepts of 4.2 g/t over 9.0 metres and 11.2 g/t over 2.7 metres (hole BL1730-06AE).

       

      “I am also very encouraged by the results we are seeing from our infill drilling at Western Flanks and A Zone. Recent highlights include intervals of 12.0 g/t over 5.1 metres and 2.8 g/t over 19.7 metres in Western Flanks and 17.4 g/t over 2.6 metres at A Zone. At both Western Flanks and A Zone, mineralization remains open at depth.

       

      “These two shear zones have formed the backbone of our mining operation for many years and look poised for continued contributions for years to come.

       

      “The most recent drill results from the Spargos Mine provide further confidence that our ongoing technical work will result in a formal decision to proceed with a development of an underground mining operation.

       

      “Our drilling has extended the known depth of gold mineralization by 140 metres to a depth of 580 metres below the surface, including intercepts of 6.0 g/t over 5.0 metres and 12.8 g/t over 2.1 metres. Important still, the deposit remains open at depth.

       

      “Overall, the results reported today support the potential for further discoveries, new Mineral Resources and ongoing upgrading of Mineral Resource categories and conversion of Mineral Resources to Mineral Reserves.

       

      “We will be providing an updated Mineral Resource and Reserve estimate in the fourth quarter of 2023.”

      .

      For brevity, this summary has been redacted, to read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources.

       

      To read our full terms and conditions, please click HERE



      Karora Resources Reports New Fletcher South Results

      Karora Resources (TSX: KRR)

      Announced additional significant results from gold exploration drilling targeting the Fletcher Zone at the Beta Hunt Mine.

      A nine-hole drill program aimed to test and infill the southern extension of the Fletcher Shear Zone over 500 metres of strike north of the Alpha Island Fault commenced in June 2023 and is nearing completion.

       

       

      .

      Karora Resources

      Gold in drill core from Beta Hunt mine, Western Australia

       

       

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap C$748 million @ C$4.28
      Location Kalgoorlie, Western Australia

       

       

      Karora Resources Reports New Fletcher South Infill Drill Program Results Building Confidence In Continuity Of Mineralization

       

      TORONTO,Aug. 7, 2023/CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce additional significant results from gold exploration drilling targeting the Fletcher Zone at the Beta Hunt Mine.

      A nine-hole drill program aimed to test and infill the southern extension of the Fletcher Shear Zone (FSZ) over 500 metres of strike north of the Alpha Island Fault (AIF) commenced in June 2023 and is nearing completion.

      Assays from four of the nine holes received to date intersected strong mineralization in the targeted positions reinforcing a high level of confidence in the continuity of the Fletcher mineralization.

      These latest results continue to build upon previously reported results which indicate the FSZ to be the third major gold system in the Hunt Block after the Western Flanks and A Zone.

      Fletcher Highlights1

      Continue Reading

      • WF405SOD-51AE:2.8 g/t over 52.0 metres and11.8 g/t over 2.9 metres
      • WF405SOD-01AE: 3.3 g/t over 9.0 metres and 2.5 g/t over 10.5 metres
      • BF1730-22AE:3.1 g/t over 13.0 metres, 3.8 g/t over 9.0 metresand2.5 g/t over 17.0 metres
      • WF405SOD-52AE:4.7 g/t over 11.0 metres
      1. Interval lengths are downhole widths. Estimated true widths cannot be determined with available information.

      .

      .

      .

      Paul Andre Huet, Chairman & CEO, commented:

       

      “Today we reported more strong results from the Beta Hunt drilling program in our Fletcher South Zone. Our results returned strong gold mineralization over very long intercepts, including 2.8 g/t over 52 metres.

       

      “We also identified new parallel mineralized lodes in the footwall of the FSZ, including results of 4.7 g/t over 11.0 metres and 3.8 g/t over 9.0 metres.

       

      “To date we have completed eight of nine planned infill drill holes targeting a 500 metre strike length of the Fletcher South Zone just north of our strong results reported in April (6.5 g/t over 26.0 metres and 46.5 g/t over 7.0 metres in hole BL1730-04AE – see Karora news release,April 13, 2023).

       

      “The results are very encouraging, demonstrating mineralization continues along the Fletcher Shear Zone, as targeted, as well as parallel mineralized lodes. This once again illustrates the significant potential for ongoing discoveries as we continue to deploy capital into our Beta Hunt drilling program.

       

      “Assays from the five remaining holes are expected to be received during the third quarter and we await their results eagerly.

       

      “As we have stated numerous times, Beta Hunt is a very large system which was underexplored historically due to cumbersome royalty burdens. As we continue to drill out our targets with those royalty burdens significantly reduced, we have been rewarded with many new shear zones and new Mineral Resource additions to our inventory each year.

       

      “Beta Hunt’s next resource estimate will be released in the fourth quarter.”

      .

      To read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources

      ..

      To read our full terms and conditions, please click HERE



      Karora Release further Beta Hunt drill results

      Karora Resources  (TSX: KRR)

      Announced additional significant results from gold exploration drilling targeting the Fletcher Zone at the Beta Hunt Mine.

       

       

      .

      Karora Resources

      Karora Resources – Beta Hunt Mine Specimen Stone

       

       

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap C$748 million @ C$4.28
      Location Kalgoorlie, Western Australia

       

       

      .

      Karora Resources Reports New Fletcher South Infill Drill Program Results Building Confidence In Continuity Of Mineralization

       

      TORONTO,Aug. 7, 2023/CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce additional significant results from gold exploration drilling targeting the Fletcher Zone at the Beta Hunt Mine.

      A nine-hole drill program aimed to test and infill the southern extension of the Fletcher Shear Zone (FSZ) over 500 metres of strike north of the Alpha Island Fault (AIF) commenced inJune 2023and is nearing completion.

      Assays from four of the nine holes received to date intersected strong mineralization in the targeted positions reinforcing a high level of confidence in the continuity of the Fletcher mineralization.

      These latest results continue to build upon previously reported results which indicate the FSZ to be the third major gold system in the Hunt Block after the Western Flanks and A Zone.

      Fletcher Highlights1

      Continue Reading

      • WF405SOD-51AE:2.8 g/t over 52.0 metres and11.8 g/t over 2.9 metres
      • WF405SOD-01AE: 3.3 g/t over 9.0 metres and 2.5 g/t over 10.5 metres
      • BF1730-22AE:3.1 g/t over 13.0 metres, 3.8 g/t over 9.0 metresand2.5 g/t over 17.0 metres
      • WF405SOD-52AE:4.7 g/t over 11.0 metres
      1. Interval lengths are downhole widths. Estimated true widths cannot be determined with available information.

      .

       

      Paul Andre Huet, Chairman & CEO, commented:

       

      “Today we reported more strong results from the Beta Hunt drilling program in our Fletcher South Zone. Our results returned strong gold mineralization over very long intercepts, including 2.8 g/t over 52 metres.

       

      “We also identified new parallel mineralized lodes in the footwall of the FSZ, including results of 4.7 g/t over 11.0 metres and 3.8 g/t over 9.0 metres.

       

      “To date we have completed eight of nine planned infill drill holes targeting a 500 metre strike length of the Fletcher South Zone just north of our strong results reported in April (6.5 g/t over 26.0 metres and 46.5 g/t over 7.0 metres in hole BL1730-04AE – see Karora news release,April 13, 2023).

       

      “The results are very encouraging, demonstrating mineralization continues along the Fletcher Shear Zone, as targeted, as well as parallel mineralized lodes. This once again illustrates the significant potential for ongoing discoveries as we continue to deploy capital into our Beta Hunt drilling program.

       

      “Assays from the five remaining holes are expected to be received during the third quarter and we await their results eagerly.

       

      “As we have stated numerous times, Beta Hunt is a very large system which was underexplored historically due to cumbersome royalty burdens. As we continue to drill out our targets with those royalty burdens significantly reduced, we have been rewarded with many new shear zones and new Mineral Resource additions to our inventory each year.

       

      “Beta Hunt’s next resource estimate will be released in the fourth quarter.”

      .

      .

      To read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources

      ..

      To read our full terms and conditions, please click HERE



      Karora Resources Reports Record Production

      Karora Resources (TSX: KRR)

      Announced financial and operating results for the first quarter of 2023.

      Production of 39,827 ounces exceeded target levels and increased 45% from the first quarter of 2022.

       

      .

      Karora Resources

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap C$955 million @ C$5.48
      Location Kalgoorlie, Western Australia

       

      KARORA RESOURCES REPORTS RECORD PRODUCTION, IMPROVED OPERATING EARNINGS AND CASH FLOW IN FIRST QUARTER 2023

      .

      .

      TORONTO, May 15, 2023 /CNW/ – Karora Resources Inc. (TSX: KRR) (“Karora” or the “Company”) today announced financial and operating results for the first quarter of 2023 (“Q1 2023”).

      The Company’s full unaudited condensed interim financial statements and management discussion & analysis (“MD&A) are available on SEDAR at www.sedar.com and on the Company’s website at www.karoraresources.com. All dollar amounts are in Canadian dollars, unless otherwise noted.

      .

      RECORD QUARTERLY PRODUCTION

      • Production of 39,827 ounces exceeded target levels and increased 45% from the first quarter of 2022 (“Q1 2022”) reflecting growth of 27% in tonnes processed and a 13% improvement in average grade; Production ended the quarter on track to achieve full-year 2023 guidance of 145,000 – 160,000 ounces.

      .

      UNIT COSTS ON TRACK TO ACHIEVE 2023 GUIDANCE

      • Cash operating costs1 and all-in sustaining costs (“AISC”)1 per ounce sold averaged US$1,124 and US$1,213, respectively, compared to US$1,310 and US$1,396, respectively, for same period a year earlier; AISC1 per ounce sold was in line with full-year 2023 guidance of US$1,100 – US$1,250.

      .

      REVENUE MATCHES QUARTERLY RECORD SET IN Q4 2022

      • Revenue totalled $96.8 million, 48% higher than in Q1 2022 reflecting a 38% increase in gold ounces sold, to 36,145 ounces, and was largely unchanged from the quarterly record set in the fourth quarter of 2022 (“Q4 2022”).

      .

      STRONG IMPROVEMENT IN OPERATING EARNINGS FROM Q1 2022 AND Q4 2022  

      • Operating earnings of $8.6 million improved from a Q1 2022 operating loss of $2.3 million and increased 31% from Q4 2022.

      .

      SOLID OPERATING CASH FLOW GENERATION

      • Cash flow provided by operating activities before change in non-cash working capital of $28.6 million more than doubled from the Q1 2022 level of $12.2 million and increased 2% from $28.2 million in Q4 2022.

      .

      EARNINGS PERFORMANCE REFLECTS NON-CASH, OTHER EXPENSES

      • Net loss of $2.9 million ($0.02 per share) improved from a net loss of $3.7 million ($0.02 per share) in Q1 2022 and largely reflected non-cash, unrealized losses of $6.2 million and $3.9 million related to derivatives3 and foreign exchange, respectively; Adjusted earnings totalled $4.8 million ($0.03 per share) versus $1.1 million ($0.01 per share) in Q1 2022 and $8.7 million ($0.05 per share) in Q4 2022.

      .

      CONTINUED PROGRESS WITH GROWTH PLAN

      • Development of second (west) decline and first of three ventilation raises at Beta Hunt completed on schedule and budget in Q1 2023; Expansion of Beta Hunt remains on track to support growth to annualized production rate of 2.0 Mtpa during 2024.

      .

      ADDITONAL EXPLORATION SUCCESS HIGHLIGHTS FUTURE POTENTIAL OF BETA HUNT

      • Drilling at Beta Hunt continued to extend mineralization at both Western Flanks and the A Zone and to demonstrate the significant potential of the Mason and Cowcill zones to emerge as important new mining opportunities.

       

      SOLID GROWTH IN RESERVES AND RESOURCES3

      • Gold Mineral Reserves at Beta Hunt increased 12% to 538,000 ounces, with growth in gold Measured and Indicated Mineral Resources of 20% to 1.35 million ounces; Nickel Measured and Indicated Mineral Resources were increased 8% to 21,100 tonnes.

      .

      .

      Paul Andre Huet, Chairman and CEO, commented:

      “We are off to a strong start in 2023, with record quarterly production exceeding target levels driven by grade outperformance and higher than expected tonnes mined and processed.

       

      “Our unit costs are tracking in line with our 2023 plan and guidance and improved 14% from last year’s first quarter. We also continued to advance our capital programs on schedule and budget, with the second decline and first of three ventilation raises at Beta Hunt completed during the quarter.

       

      “Overall, the expansion project remains on track to support the mine’s growth to an annualized production rate of 2.0 Mtpa over the course of 2024 and we sit well positioned to achieve all of our production, cost and capital expenditure guidance for full-year 2023.

       

      “A highlight of the quarter was the continued emergence of Beta Hunt as a world-class mine with gold production of 26,577 ounces exceeding planned levels and increasing by 55% from a year ago and 27% from last quarter.

       

      “The mine’s cost performance was excellent, with cash operating costs of $967 per ounce improving from both prior periods. In addition to solid operating performance and effective execution of its growth plan, Beta Hunt also continued to generate very encouraging exploration results.

       

      “We increased our gold mineral reserves and mineral resources during the first quarter and, with the drilling results we are getting, we are very confident that we will continue to grow reserves and resources going forward.

       

      “We are equally confident that, within this world-class gold mine, we are well on our way to establishing a profitable, long-term nickel mining operation that will support further improvement in gold unit costs through higher byproduct credits.

       

      “The “mine within a mine” concept provides Beta Hunt with an important competitive advantage and, with the growth in nickel mineral resources being achieved and the drill results being generated, we fully expect that nickel will become a more substantial component of the Beta Hunt story.

       

      “Turning to HGO, production of 13,250 ounces at HGO exceeded plan and increased 28% from last year’s first quarter. Cash operating costs improved from a year ago and are expected to trend lower, particularly later in the year when we commence open-pit mining at our Pioneer project.

       

      “Finally, our financial performance in the first quarter was solid, with revenue matching the record level we reported last quarter, operating earnings improving from both prior periods and adjusted earnings more than tripling from a year ago.

       

      “Operating cash flow was strong and, while we recorded a slight decline in our cash position (primarily related to reducing accounts payable), we saw an improvement in working capital from $38.0 million at year end to $43.9 million at the end of the first quarter.

       

      “We expect to see cash growth resume over the course of the year as we execute our expansion plan and deliver operationally into the current strong gold price environment.”

      ..

      To read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources

      .

      To read our full terms and conditions, please click HERE



      Karora Resources Discover Significant Gold At Fletcher

      Karora Resources  (TSX: KRR)

      Announced significant results from gold exploration drilling targeting the Fletcher Zone at the Beta Hunt Mine. 

      ,

      ,

      ,

      Lakewood Gold Mill

      Lakewood Gold Mill – Karora Resources, Western Australia

      ,

      .

      .

       

       

      Karora Resources Announces Major 0.9 Km Extension To 1.4 Km Potential Mineralized Strike Length Of Fletcher Shear Zone With Intersections Of 6.5 G/T Over 26 Metres And 46.5 G/T Over 7.0 Metres

       

       

      TORONTO, April 13, 2023 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce significant results from gold exploration drilling targeting the Fletcher Zone at the Beta Hunt Mine.

      Drilling to test the southern strike extension of the Fletcher Shear Zone (FSZ), north of the Alpha Island Fault (AIF) intersected strong mineralization in the targeted position supporting the current interpretation and extending the drill-supported potential mineralized zone by 900 metres from the nearest drill intersection for a total strike length of 1.4 kilometres.

      This result substantiates and improves upon previously reported results which indicate the FSZ to be the third major gold system in the Hunt Block after the Western Flanks and A Zone. 

      Fletcher Highlights1

      Continue Reading

      • BL1730-04AE: 6.5 g/t over 26.0 metres, including 9.9 g/t over 6.0 metres
      • BL1730-04AE: 46.5 g/t over 7.0 metres, including 262 g/t over 0.7 metres

      1.

      Interval lengths are downhole widths. Estimated true widths cannot be determined with available information.

       

      Paul Andre Huet, Chairman & CEO, commented:

      “The drill results reported today from the Fletcher Zone substantially increase the interpreted strike length of the zone to 1.4 km from the previous known strike length of 0.5 km (see Karora news release dated January 24, 2022).

       

      “What makes this even more exciting is the very strong grades associated with the extension which are substantially higher than previous results at Fletcher and among the best grade x width results we have reported for Beta Hunt, ever.

       

      “These results further support our interpretation of Fletcher as a Western Flanks analogue, which has been the largest and most prolific shear zone for gold production to-date at Beta Hunt.”

      “Fletcher is positioned west and parallel to Western Flanks in the Hunt Block and extends to the AIF, which is very close to existing nickel infrastructure in the Beta Block and the Larkin Mineral Reserve to the south.

       

      “This offers compelling development scenarios for accessing the Fletcher Zone for potential mining in the future. Fletcher remains open along strike, with the potential to extend for up to 2 km, and open at depth.

       

      “Overall, the results reported today provide compelling support for potential significant Mineral Resource growth at Beta Hunt, following on from several years of impressive ounce additions at our flagship asset.

       

      “With the operation previously long encumbered by onerous royalties and fluctuating metal price environments, the opportunity in front of us is clear: we are just getting started at Beta Hunt, even with the very strong resource additions over the last several years.”

      .

      ,

      To read the full news release please click HERE

      ,

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources.

      ..

      To read our full terms and conditions, please click HERE



      Karora Reports Q4 Record Revenue and Strong Earnings Growth

      Karora Resources  (TSX: KRR)

      Announced unaudited financial and operating results for the Q4 2022 and full-year  2022.

      Highlights are a record revenue of $96.8 million, (45% increase from Q4 2021); net earnings growth of 56% to $9.6 million ($0.06 per share); Operating cash flow increased 30% over Q3 to $36.5 million. 

      .

      .

      .

      Karora Resources

      Gold in drill core from Beta Hunt mine, Western Australia.

      .

      .

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap C$841 million @ C$4.86
      Location Kalgoorlie, Western Australia

      .

      .

      .

      KARORA RESOURCES REPORTS RECORD REVENUE, STRONG EARNINGS GROWTH IN FOURTH QUARTER 2022

       

      TORONTO, March 23, 2023 /CNW/ – Karora Resources Inc. (TSX: KRR) (“Karora” or the “Company”) today announced unaudited financial and operating results for the fourth quarter (“Q4 2022”) and full-year (“2022”) 2022. All dollar amounts are in Canadian dollars, unless otherwise noted.

      .

      KARORA RESOURCES REPORTS RECORD REVENUE, STRONG EARNINGS GROWTH IN FOURTH QUARTER 2022 (CNW Group/Karora Resources Inc.)

      • SOLID FINANCIAL PERFORMANCE IN Q4 2022
        Record revenue of $96.8 million, 45% increase from Q4 2021; net earnings growth of 56% to $9.6 million ($0.06 per share); Operating cash flow increased 30% over Q3 to $36.5 million
      • RECORD GOLD PRODUCTION AND SALES IN 2022
        133,887 ounces of gold produced in 2022, 19% increase from 2021 and in line with top end of 2022 guidance (120,000 – 135,000 ounces); Gold sales increased 16% to 132,098 ounces
      • STRONG GROWTH IN ORE MINED AT BETA HUNT
        Record mine production at Beta Hunt in 2022, with 1.1 million tonnes mined, a 23% increase from 2021  

      .

      .

      .

      Paul Andre Huet, Karora Chairman and CEO, commented:

      “I am very pleased with Karora’s performance in 2022, including our solid results during the fourth quarter.

       

      “For the year, we achieved record production driven by strong growth in mined tonnes at Beta Hunt and increased processing capacity. During the fourth quarter, we generated record revenue and gold sales as well as our best net earnings performance of the year.

       

      “I am also proud of the way our team managed external factors in 2022 such as disruptions caused by record COVID-19 cases in Western Australia early in the year, sector-wide inflationary pressures and volatile commodity markets.

       

      “Our unit costs showed marked improvement in the second half of 2022, which positioned us to achieve our guidance for AISC of US$1,100 – US$1,200 per ounce sold. 

      .

      “We have refreshed our 2023 and 2024 production, cost and capex guidance to tighten up ranges and reflect the reality of inflationary cost pressures since we originally provided the guidance in mid-2021 alongside our original growth plan announcement.

       

      “Since then, we have materially de-risked our growth plan with the addition of the 1.0 Mtpa Lakewood Mill in 3Q22 as well as the completion of the second decline at Beta Hunt ahead of schedule earlier this year.

       

      “With these two critical components of our plan delivered, we remain on the path to ramp up production over 2023 and 2024 to deliver gold production growth into a range of 170,000 to 195,000 ounces at AISC of US$1,050 – US$1,200 per ounce sold by 2024.

       

      “During 2022, we significantly advanced plans to grow our nickel business, with the release of our Nickel PEA outlining the potential to grow low-cost nickel production that delivers attractive returns, increased price leverage and higher nickel by-product credits to further improve our gold unit costs.

       

      “We expect to ramp up nickel production meaningfully during 2H24 and 2025 once our development of the 50C/Gamma Zone is in place – enabled by the increased ventilation capacity to be installed during 2023.

       

      “Exploration was another key area of success, with drilling at Beta Hunt resulting in new discoveries, major extensions of mineralization and, as recently announced, significant growth in gold Mineral Reserves and both gold and nickel Mineral Resources.”

      .

      .

      Karora will host a call/webcast on March 23, 2023 at 10:00 a.m. (Eastern Time) to discuss the unaudited fourth quarter and full year 2022 results. North American callers please dial:  1-888-204-4368, international callers please dial: (+1) 647-794-4605. For the webcast of this event click [here] (replay access information below).

      .

      The Company’s audited financial statements and management’s discussion and analysis will be will be filed on SEDAR at www.sedar.com and posted to the Company’s website at www.karoraresources.com on Tuesday, March 28, 2023

      .

      .

      For brevity, this summary has been redacted, to read the full news release, please click HERE

      .

      =======

      /

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources.

      .

      .

      To read our full terms and conditions, please click HERE



      Karora Adds 8% To The Beta Hunt Nickel M & I

      Karora Resources (TSX: KRR)

      Announced the Beta Hunt Nickel Measured and Indicated Mineral Resources increased by 8% to 21,100 nickel tonnes and Inferred Mineral Resources increased by 2% to 13,400 nickel tonnes, net of mining depletions.

      .

      .

      .

      Karora Resources

      Beta Hunt plan Highlighting Mineralized zones targeted as part of 2023 exploration Drill Plan. Mineralized zones defined by +5 g/t Au drill intersections. (CNW Group/Karora Resources Inc.)

      .

      .

       

      Karora Announces An 8% Increase To The Beta Hunt Nickel Measured And Indicated Mineral Resource

      .
      .
      .

      TORONTO, March 7, 2023 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce the Beta Hunt Nickel Measured and Indicated Mineral Resources increased by 8% to 21,100 nickel tonnes and Inferred Mineral Resources increased by 2% to 13,400 nickel tonnes, net of mining depletions.

      Highlights:

      • Consolidated Nickel Measured and Indicated Mineral Resource increased by 8% to 21,100 nickel tonnes
      • Beta Block Nickel Measured and Indicated Mineral Resource increased by 11% to 15,100 nickel tonnes
      Continue Reading

      .

      .

      .

      Paul Andre Huet, Chairman & CEO, commented:

       

      “We continued to build our nickel inventory with an 8% increase to the Measured and Indicated Mineral Resource to 21,100 nickel tonnes.

       

      “This increase as of September 30, 2022 is a strong result being just eight months since the last update in January 2022 with only remnant mining completed over the course of 2022 as we await scheduled increased ventilation capacity later this year underground at Beta Hunt.

       

      “The resource additions were all from the Beta Block area north of the Gamma Fault, primarily in the Beta West zone.

      “Over the balance of 2023, our nickel resource development drilling at Beta Hunt will be focused on upgrading and extending the East Alpha and 40C Mineral Resources in the Beta zone and the 50C and 10C Mineral Resources in the Gamma zone.

       

      “As we have stated several times before, we are just beginning to unlock the potential for nickel mineralization south of the Gamma Fault where we have delineated only 800 metres in strike length of 2.6 km from the Fault to our property boundary.

       

      “Upon expansion of our ventilation capacity via the addition of three vent raises this year, we will be able to increase both our drilling and development efforts in this area at the southern extent of our operation.”



      Karora Significantly Increases Beta Hunt Gold Reserves and Resources

      Karora Resources Inc. (TSX: KRR)

      Announced Gold Measured and Indicated Mineral Resource, net of depletions, at its flag ship Beta Hunt Mine has increased by 20% and the Inferred Mineral Resources have increased by 34%. 

      .

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap C$752 million @ C$4.35
      Location Kalgoorlie, Western Australia

      .

      .

      .

      Karora Resources

      Beta Hunt plan Highlighting Mineralized zones targeted as part of 2023 exploration Drill Plan. Mineralized zones defined by +5 g/t Au drill intersections. (CNW Group/Karora Resources Inc.)

       

       

      Karora Announces Significant Increases In Beta Hunt Gold Mineral Resources And Gold Mineral Reserves

       

      .

      TORONTO, Feb. 13, 2023 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce Gold Measured and Indicated (“M&I”) Mineral Resource, net of depletions, at its flag ship Beta Hunt Mine has increased by 20% and the Inferred Mineral Resources have increased by 34%.

      The update is highlighted by the net additions to the Western Flanks zone of 146,000 ounces in Measured and Indicated Resources and 338,000 ounces of Inferred Mineral Resources. Gold Proven and Probable Reserves also increased by 12%, or 56,000 ounces, to 538,000 ounces.

      Both resources and reserves have an effective date of September 30, 2022.

      .

      .

      Highlights:

      • Gold Measured and Indicated Mineral Resources increased by 20% to 1.35 million ounces
      • Gold Inferred Mineral Resource increased by 34% to 1.05 million ounces
      • Gold Proven and Probable Mineral Reserve increased by 12% to 538,000 ounces

      .

      ..

      Paul Andre Huet, Karora Chairman & CEO, commented:

      “During our 2022 drilling campaign, we were squarely focused on expanding our resource inventory at Beta Hunt, with significant step out and infill drilling completed to bring potentially mineralized zones identified via exploration drilling into the resource categories.

       

      “We were very successful in our efforts, with major contributions to both Measured and Indicated and Inferred Resources, increasing by 20% and 34%, respectively.

       

      “The bulk of our mined tonnes and ounces at Beta Hunt are currently sourced from Western Flanks, our largest mineralized shear zone. In 2022, we significantly expanded this zone both along strike and at depth, resulting in a 19% increase in Measured and Indicated Resources and an increase of 77% in Inferred Resources at Western Flanks, net of mining depletion.

       

      “The large primary shear zone has now been delineated to a strike length of 1.8 kilometres and over 550 metres down-dip but still remains open at depth providing significant potential for further expansion.

       

      “Our success in expanding the Beta Hunt Mineral Resource is a critical step in continuing to feed an extended mine life as we increase production rates over the next couple years.

       

      “Once the expanded Beta Hunt mining capacity is fully ramped up to its targeted capacity of 2 Mtpa, approximately 80% of our mill feed will come from our flagship Beta Hunt mine.

       

      “While we remained focused on turning exploration into Inferred resources over the last two years, I am also very pleased to announce a 12% increase to the Beta Hunt Gold Proven and Probable Reserve. Our new Reserve adds 56,000 ounces, net of mining depletions of approximately 164,000 ounces, compared to our prior estimate.

       

      “Our new increased total of 538,000 ounces positions us well for many years of mining ahead as we continue to expand our resources and convert resources to reserves. In 2023, we will be focusing both on upgrading Inferred Mineral Resources to the Measured and Indicated categories and on continued expansion of our Reserve base, net of mining depletions.

       

      “Beta Hunt is a very large system comprised of extensive, wide and continuous mineralized shear zones which have been extended both along strike and at depth. We have also discovered numerous parallel shear zones over the last several years including Larkin, Fletcher and now Mason and Cowcill.

       

      “We have built a tremendous track record of continued resource growth via the drill bit at Beta Hunt with inventories rising over 500% since 2016.

       

      “As we continue to execute on our aggressive underground drilling program in 2023, leveraging the +400km of extensive infrastructure already in place, we look forward to continued potential ounce additions supporting an extended mine life at Beta Hunt.”

      .

      For brevity, this summary has been redacted, to read the full news release, please click HERE

      .

      =======

      !Afcbok20.

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      The writer holds shares in Karora Resources.

      .

      .



      Karora Resources Reports Strong Q3 2022 Results

      Karora Resources (TSX: KRR)

      Announced its financial results and review of activities for the three and nine months ended September 30, 2022.

      Q3 2022 consolidated gold production was a record 38,437 ounces, beating the previous record set in Q2 by 25%.

      Production for the first three quarters of 2022 was 96,578 ounces, placing Karora in a strong position to deliver on improved full year consolidated 2022 gold production guidance of 120,000 to 135,000 ounces. 

      .

      .

       

      Karora Resources

      Beta Hunt plan view highlighting recent gold results received for period July 24 – October 13, 2022 (CNW Group/Karora Resources Inc.)

      .

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap C$576 million @ C$3.35
      Location Kalgoorlie, Western Australia

      .

      .

      .

      Karora Reports Strong Third Quarter 2022 Results with Record Production and AISC of US$1,069 per ounce as Costs Continue to Decline

       

      Karora will host a call/webcast on November 7, 2022 at 10:00 a.m. (Eastern Time) to discuss the third quarter 2022 results. North American callers please dial: 1-888-394-8218, international callers please dial: (+1) 647-794-4605. For the webcast of this event click [here] (replay access information below).

      .

      .

      TORONTO, Nov. 7, 2022 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation” or the “Company”) is pleased to announce its financial results and review of activities for the three and nine months ended September 30, 2022.

      All amounts are expressed in Canadian dollars, unless otherwise noted.

      For additional information please refer to Karora’s Management’s Discussion & Analysis (“MD&A”) and unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2022 and 2021.

      .

      ,

      Highlights

      • Third quarter 2022 consolidated gold production was a record 38,437 ounces, beating the previous record set in Q2 by 25%. Production for the first three quarters of 2022 was 96,578 ounces, placing Karora in a strong position to deliver on improved full year consolidated 2022 gold production guidance of 120,000 to 135,000 ounces (assuming no significant interruption to operations as a result of the COVID-19 virus in the fourth quarter of 2022). Third quarter gold sales were 35,513 ounces due to timing of sales.
      • Record tonnage performance at Beta Hunt for the second straight quarter with 313,000 tonnes mined during the third quarter. Tonnes mined through the single decline continued to increase as productivity and operational performance improved.
      • Carbon neutrality will be achieved for the second straight year in 2022 for operations (Scope 1 emissions) and purchased electricity (Scope 2 emissions) through the purchase and retirement of 95,000 tonnes of verified carbon offsets. Concurrently, Karora is well underway with its emissions reduction plan, including the analysis of renewable and hybrid power solutions for its Higginsville operations.
      • Net earnings of $4.4 million, or $0.03 per share, for the third quarter of 2022 was down $5.9 million compared to third quarter 2021 net earnings of $10.3 million, or $0.07 per share. The decrease was mainly attributable to a materially higher depreciation and amortization as new mining operations commenced at Higginsville, increases in production and processing costs, and higher general and administrative costs.
      • Adjusted earnings1 of $6.6 million, or $0.04 per share for the third quarter of 2022, increased by $2.0 million compared to the prior quarter and was down $7.6 million compared to third quarter of 2021.
      • Adjusted EBITDA1 of $27.5 million or $0.16 per share for the third quarter of 2022, increased by $4.9 million from the previous quarter and was down $1.0 million from third quarter of 2021.
      • Third quarter 2022 consolidated all-in-sustaining-costs (“AISC”)1 per ounce sold improved to US$1,069, a 10% decrease compared to second quarter 2022 AISC of US$1,190 and a 23% decrease over the first quarter AISC of US$1,396 which were heavily impacted by COVID-19 related disruptions.
      • Cash flow from operating activities of $28.3 million increased compared to $27.9 million for the third quarter of 2021 and $17.1 million higher than the previous quarter.
      • Karora’s cash position remains strong at $56.1 million as at September 30, 2022, after the planned deployment of capital into the Company’s growth plan, including the acquisition of the fully permitted 1.0 Mtpa Lakewood Mill and the advancement of the second decline at Beta Hunt.
      • Karora closed a senior secured $80 million Credit Agreement with Macquarie Bank Limited which provided for a $40 million term loan and a $40 million revolving credit facility. The term of the facility is to June 28, 2024, with an option to renew. The net proceeds of the term loan were used to refinance the previous $30 million credit facility and for general working capital purposes.
      • Construction of Beta Hunt’s second decline to double mine capacity to 2 Mtpa advanced by 1,205 metres during the third quarter. The project remains ahead of schedule with completion expected in the first quarter of 2023. Surface raise bore civil works were completed during the quarter and raise bore civil works have commenced on the 801-vent raise.
      • Drilling at Beta Hunt has confirmed the continuity of the Western Flanks Main shear mineralization up to 250 metres below the current Mineral Resource. This system remains open at depth and along strike. Drill results from the new Mason zone has confirmed gold mineralization over a 300 metre strike length, including the best result to date of 12.0 g/t over 17.0 metres, demonstrating the potential for a new mining opportunity south of the Alpha Island Fault.
      • A positive Preliminary Economic Assessment (“PEA”) for increased nickel production from the Beta Hunt Mine was announced during the third quarter on Karora’s initial Nickel Mineral Resource dated January 2022. Base case results (nickel price of US$19,500/t) yielded a pre-tax NPV5% of A$57 million and IRR of 105%. Upside case results, closer to nickel consensus pricing of US$25,000/t, yielded a pre-tax A$111 million NPV5% and IRR of 232%.
      • Karora announced the appointment of Bevan Jones to the position of Chief Operating Officer, Australia. Bevan has over 27 years of expertise in mine management and leadership in mining. He joins Karora from Gold Fields where he was the General Manager of St Ives gold operation, located next to the Beta Hunt Mine.

      .

      .

      Paul Andre Huet, Chairman & CEO, commented:

      “Another quarter of records for Karora. The third quarter was very strong operationally, setting both new Company production and processing records while reducing unit costs. Given that the current operating environment has been difficult globally for an extended period of time.

       

      “I am very pleased with the way in which the Karora team has responded. After a particularly challenging first quarter due to COVID-19 and supply chain interruptions, Karora has certainly resumed its operational momentum over the course of 2022 and I am confident that we will carry that momentum through to the completion of our growth plan in 2024.

       

      Our third quarter gold production of 38,437 ounces is our second straight quarterly production record, beating the prior record by 25% and, with a boost following the acquisition of the Lakewood Mill at the end of July, we also set a new Karora processing record of 547 kt milled, 18% higher than the second quarter.

       

      “AISC costs continued to trend down, achieving a 10% improvement in the third quarter compared to the second quarter and a 23% improvement compared to the first quarter.”

      .

      For brevity, this summary has been redacted, to read the full news release, please click HERE

      =======

      .If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources, bought in the market at the prevailing price on the days of purchase. 

      .

      .

      To read our full terms and conditions, please click HERE



      Karora Resources Drills 6 G/T Au Over 13 m

      Karora Resources (TSX: KRR)

      Announced continued exploration drilling success in targeting new gold mineralized shear zones in support of its growth plan strategy to deliver increased gold production  by 2024.

      Parallel shear zones to the Larkin Zone Mineral Resource, referred to as Mason and Cowcill, returned significant gold assays in the first two drill holes of a twenty-four-hole program, the highlight was  6.0 g/t Au over 13 m. 

      .

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap C$538 million @ C$3.13
      Location Kalgoorlie, Western Australia

       

      .

      .

      Karora Resources

      .

      .

      .

      Karora Resources Drills 6.0 G/T Au Over 13.0 Metres In New Mason Zone And Provides Beta Hunt Development Update

       

      TORONTO, Aug. 23, 2022/CNW/ – Karora Resources Inc. (TSX: KRR)  (“Karora” or the “Corporation”) is pleased to announce continued exploration drilling success in targeting new gold mineralized shear zones in support of its growth plan strategy to deliver increased gold production in the targeted range of 185,000 to 205,000 ounces by 2024.

      Interpreted parallel shear zones to the Larkin Zone Mineral Resource, referred to as Mason and Cowcill, returned significant gold assays in the first two drill holes of a twenty-four-hole program1as highlighted below.

      • Mason: 6.0 g/t Au over 13.0 metres (BM1890-25AE)
      • Cowcill: 2.4 g/t Au over 5.0 metres (BC1704-009AE)

      N.B.

      Interval lengths are downhole widths. Estimated true widths cannot be determined with available information.

      .

      .

      Additionally, Karora is pleased to announce that construction activities to install the second decline at the Beta Hunt Mine are approximately 67% complete and the Corporation remains on track and on budget to complete construction in the first quarter of 2023 (as previously announced, ahead of the original complete target date of mid-year 2023).

      .

      Work on the vent raise is scheduled to begin at the end of the month, with the expectation that the decline will be functioning in the second quarter of 2023.

       

      Paul Andre Huet, Chairman & CEO, commented:

      “I am encouraged by the first set of new gold drill results from the Mason and Cowcill shear zones.

       

      “The results support our previous interpretation of these gold mineralized systems that run parallel to the Larkin Zone on both sides.

       

      “I am particularly excited that the first two holes of our 24-hole program in this area both returned excellent results including 6.0 g/t over 13.0 metres.

       

      “Today’s results are another great example of the Mineral Resource growth potential that exists at Beta Hunt, considering both Mason and Cowcill are outside the existing Mineral Resource.

       

      “Our flagship Beta Hunt Mine is a literal beehive of mining, drilling, development, and expansion activities.

       

      “In addition to our recent exploration and resource definition drilling results, completing the second decline and vent raise installations at Beta Hunt are also critical tasks to position us to achieve our growth plan targets and I am very pleased that both are proceeding more rapidly than originally forecast.

       

      “We have poured the vent pad and are scheduled to commence work on the vent raise beginning at the end of August. We currently expect that the second decline will be functioning by the end of the second quarter of 2023.

      !Our team, along with our contractors, have been doing a great job executing on the plan.

       

      “Overall, we expect to finish the project significantly ahead of our original schedule and under our original budget.”

      .

      .

      Results for the first two holes drilled this year to test for the Mason and Cowcill Zones were received.

      Mason and Cowcill are interpreted parallel gold mineralized shear zones to the Larkin Zone. The drill targets are supported by overlying nickel mineralization trends and historical gold intersections in the footwall to the nickel.

      A section of the Cowcill Zone has also been mined historically for gold. The potential of the Mason Zone was realized late last year where drill hole EL-EA2-004AE intersected the widest ever mineralized interval drilled by Karora at Beta Hunt – 1.5 g/t Au over 90 metres including 50.9 g/t Au over 0.4 metres – approximately 250 metres west of the Larkin Zone (Karora news release dated November 15, 2021).

      Significant results were received in both holes and are listed below:

      • Mason: BM1890-25AE – 6.0 g/t Au over 13.0 metres
      • Cowcill: BC1704-009AE – 2.4g/t Au over 5.0 metres

      .

      This news release has been abridged for brevity. To read the full news release, please click HERE

      .

      =======

      .If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources, bought in the market at the prevailing price on the days of purchase. 

      .

      .

      To read our full terms and conditions, please click HERE



      Karora Discovers High-Grade Coarse Gold

      Karora Resources (TSX: KRR)

      Announced a new high-grade coarse gold discovery at its Beta Hunt Mine.

      The new discovery was made on the 16 level of the A Zone, almost directly below the well-known “Fathers Day Vein” discovery originally announced in September 2018 that yielded approximately 30,000 ounces of gold.  

       

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap C$538 million @ C$3.13
      Location Kalgoorlie, Western Australia

       

      .

      Karora Resources

      Gold in drill core from Beta Hunt mine, Western Australia

      .

      .

      .

      Karora Discovers New High-Grade Coarse Gold Occurrence At Beta Hunt Below Father’s Day Vein And Announces The Appointment Of Bevan Jones To The Position Of COO Australia

      .
      .

      TORONTO, Aug. 18, 2022 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce a new high-grade coarse gold discovery at its Beta Hunt Mine.

      The new discovery was made on the 16 level of the A Zone, almost directly below the well-known “Fathers Day Vein” discovery originally announced in September 2018 that yielded approximately 30,000 ounces of gold from a high-grade coarse gold structure along a strike length of only ~10 metres.

      .

      .

      Paul Andre Huet, Chairman & CEO, commented:

      “Our latest high-grade coarse gold discovery at Beta Hunt is particularly exciting given its location relative to the Fathers Day Vein discovery that ultimately launched Karora on its current trajectory as a growing, profitable gold producer.

       

      “Although it is too early to estimate the potential size of the new coarse gold occurrence, it is a very positive development as the area was exposed during normal mine development and this additional high-grade mineralization is not included in our Mineral Resource and is a bonus to normal mine production, which serves to lower costs and increase production.

       

      “As we have stated in the past, coarse gold occurrences at Beta Hunt are best described as periodic upside to mine production. We will not lose our focus on following a disciplined mine plan and controlling costs.”


      • Karora Resources Inc–Karora Discovers New High-Grade Coarse Gold

      .

      For brevity, this summary has been redacted, to read the full news release, please click HERE

      .

      Management Appointment

      “I am also pleased to announce the appointment of Bevan Jones to the position of Chief Operating Officer, Australia.

       

      “Bevan, who brings a strong track record of delivering superior operational performance, will have overall responsibility for Karora’s day-to-day Australian operations.

       

      “Bevan has over 27 years of expertise in mine management and leadership in mining. He also has a demonstrated strong commercial focus leading mining operations to achieve optimum performance and profitability.

       

      “Bevan joins Karora from Gold Fields where he was the General Manager of St Ives gold operation, essentially right next door to our Beta Hunt Mine.

       

      “His familiarity with all aspects of mining in the immediate area, including leadership, community relations, geology and a strong local network are a great fit to bring Karora to the next level.

       

      “I am pleased to welcome Bevan to the Karora team and look forward to his contribution with Karora.

       

      “Graeme Sloan, who has been integral to the turnaround of Karora over the past few years, is retiring from his day-to-day operational role after a lengthy career in the mining sector.

       

      “On behalf of the Karora Board and team, I extend a heartfelt thank you for his contributions, dedication and sacrifices made over the last few years in transitioning the Company from a single-mine toll milling operation to a multi-mine operation with two central mills and an enviable growth platform.

       

      “We wish Graeme all the best in his well-deserved retirement.”

      .

      =======

      .If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources, bought in the market at the prevailing price on the days of purchase. 

      .

      .

      To read our full terms and conditions, please click HERE



      Karora Drills Highest Grade To-Date at Beta Hunt

      Karora Resources Inc. (TSX: KRR)

      Announced high-grade drill results from the Larkin Zone as part of its ongoing underground diamond drill program at Beta Hunt.

      These included the following intersections:  29.8 g/t over 7.8 metres, 8.7 g/t over 4.0 m, and 4.2 g/t over 6.9 m. 

       

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap C$467 million @ C$2.75
      Location Kalgoorlie, Western Australia

       

      .

      Karora Resources

      Gold in drill core from Beta Hunt mine, Western Australia

      ..
      .
      .

      Karora Drills Highest Grade Interval To-Date At Beta Hunt’s Larkin Zone Reporting 29.8 G/T Gold Over 7.8 Metres

      .

      TORONTO, July 19, 2022 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce high-grade drill results1 from the Larkin Zone as part of its ongoing underground diamond drill program at Beta Hunt, which includes the following intersections:

      • 29.8 g/t over 7.8 metres (BL1890-03AR)
      • 8.7 g/t over 4.0 metres (BL1890-13AR)
      • 4.2 g/t over 6.9 metres (BL1890-01AR)

      1.Interval lengths are estimated true widths

      .

      Results from the drilling program support and extend the mineralization already defined by the current Larkin Mineral Resource and provide strong encouragement for potential high-grade mineralization to continue at depth, over 120 metes below the ultramafic / basalt contact.

      .

      Paul Andre Huet, Chairman & CEO, commented:

      “I am very pleased with the latest set of drill results at Beta Hunt which continue to demonstrate the tremendous high-grade potential of this underground mine.

       

      “While our mined grades are consistent with our 2.6 g/t Mineral Reserve, we often encounter higher grade pockets such as those reported in today’s announcement, with one returning almost an ounce per tonne intercept – an exciting result in any gold mine.

       

      “Success in our newest addition to Mineral Resources at Beta Hunt’s Larkin zone continues to reinforce both our robust near term growth plan and the long term ambitions at Beta Hunt.

       

      “The new drilling was aimed at upgrading and extending the known Larkin Mineral Resource and was successful on both counts. It is particularly exciting that an intercept of 29.8 g/t over 7.8 metres, the best Larkin result to-date, was drilled 20 metres beyond the existing Mineral Resource and 120 metres below the ultramafic/basalt contact, indicating potential higher grade areas at depth in the zone.

       

      “Over the past 24 months, we have reported results that not only support the extension and upgrade potential of the Western Flanks and A Zone existing Mineral Resources, but also the potential for additional gold Mineral Resources associated with mineralization intersected in drilling at Western Flanks North, A Zone North, Fletcher, Gamma and the newly discovered Sorrenson Zone.

       

      “Our decision to significantly expand our drilling budget since 2020 has been well rewarded and we look forward to continued success across the very large areas remaining to be drilled. Coupled with our renewed nickel exploration success at Beta Hunt, the low cost mining potential of our flagship mine continues to develop.”

      .

      To read the full news release, please click here

      .

      =======

      .If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources, bought in the market at the prevailing price on the days of purchase. 

      .

      .

      To read our full terms and conditions, please click HERE



      Karora Resources 2nd Decline on Track and Cost

      Karora Resources Inc. (TSX: KRR)
      Announced that development of the second decline at Beta Hunt is tracking on cost and ahead of schedule with the estimated completion date now brought forward to Q1 2023 from mid-2023.
      Karora Resources announces that the Beta Hunt second decline is progressing ahead Of Schedule, The Discovery Of A New Shear Zone And New Drilling Results Including 198.5 G/T Over 4.5 Metres.  […]

      .

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap C$745 million @ C$4.8
      Location Kalgoorlie, Western Australia

      .

      Karora Resources

      Gold in drill core from Beta Hunt mine, Western Australia

       

      Karora Resources Second Decline on Track and Cost

      .

       

      TORONTO, May 24, 2022/CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce that development of the second decline at Beta Hunt is tracking on cost and ahead of schedule with the estimated completion date now brought forward to Q1 2023 from mid-2023.

      The second decline at Beta Hunt is integral to Karora’s production growth plan to double throughput at Beta Hunt to 2 Mtpa and increase gold production to between 185,000 and 205,000 ounces by 2024.  

      • 198.5 g/t over 4.5 metres(AW17LN-01AE);
      • 18.6 g/t over 15.0 metres(AF-AZDDC1-11AE); and
      • 18.3 g/t over 4.0 metres(AW-AZDDC1-02AR).

      Interval lengths are downhole widths. Estimated true widths cannot be determined with currently available information

       

      .

      Results from the surface drilling program also supports the interpretation of a newly discovered shear zone named ‘Sorrenson’, located to the east and parallel to A Zone and Western Flanks.

      The discovery of the Sorrenson shear zone follows the success of the Larkin and Fletcher shear zone discoveries, adding to the rapidly expanding mineralized system at Beta Hunt.

      .

      Karora Resources management comments

       “I am thrilled with the progress made to-date by our teams to significantly progress development of the second decline ahead of schedule at the Beta Hunt Mine.

       

      “The efforts to secure the DMIRs permits followed by rapid execution of our decline development plan, all while tracking on budget, is a tremendous achievement in light of the current inflationary environment negatively impacting many operations and development projects across our sector. A job well done.

       

      “I am also extremely pleased with the drilling results at Western Flanks, A Zone North, Fletcher and the newly interpreted Sorrenson shear zone which further validates the tremendous growth potential of Beta Hunt.

       

      “With our aggressive exploration drill program, we continue to identify new shear zones and, as exemplified with the success of Larkin, convert them into resource inventory. The continued discovery of these new shear zones is one of many reasons we are excited about the long-life potential of the Beta Hunt operation.

       

      “Overall, we continue to build upon the world class exploration potential of Beta Hunt, while our development teams execute on our second decline plans to double throughput to 2 Mtpa.”

      Paul Andre Huet, Chairman & CEO of Karora Resources

      .

      For brevity, this summary has been redacted, to read the full news release, please click HERE

      .

      =======

      .If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      Disclosure

      At the time of writing the author owns shares in Karora Resources, bought in the market at the prevailing price on the day of purchase.

      .

      .

      To read our full terms and conditions, please click HERE



      Karora Resources High Grade Nickel at Beta Hunt

      Karora Resources Inc. (TSX: KRR)

      Announced that new nickel exploration results from the 50C nickel trough at Beta Hunt have extended the known strike length to over 200 metres (previously 150 metres).

      The new results include drilling along strike of the 50C discovery and the parallel 10C nickel trough.  […]

      .

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap c$812 m @ C$5.32
      Location Kalgoorlie, Western Australia
      .

      Karora Resources

      Karora Resources – Mining at Higginsville.

      .

      Karora Announces High Grade Nickel Drill Results Including 3.8% Over 10.9 Metres And 4.2% Over 3.0 Metres – 50C Nickel Zone Mineralized Strike Length Now Extended To Over 200 Metres

       

      TORONTO, March 1, 2022 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce that new nickel exploration results from the 50C nickel trough at Beta Hunt have extended the known strike length to over 200 metres (previously 150 metres, see Karora news release dated October 8, 2021).

      The new results include drilling along strike of the 50C discovery and the parallel 10C nickel trough.

      ,

      Highlights:

      • Further drilling to extend the 50C nickel trough discovery has confirmed significant nickel mineralization over 200 metres in strike and up to 120 metres in width.
      • New drilling north of the previously reported high grade 50C discovery hole G50-22-005E (11.6% Ni over 4.6 metres downhole) has intersected further high grade nickel mineralization, including intersections1of:

        • G50-22-011NR: 3.2% Ni over 3.1 metres
        • G55-22-006NR: 5.1% Ni over 2.1 metres
        • G50-22-004NR: 2.1% Ni over 7.5 metres, including 4.0% Ni over 3.0 metres
      • Infill drilling of the 10C nickel trough, which lies adjacent to the 50C trough, has returned encouraging results that support the current Mineral Resource and include the following intersections1.:

        • G10-22-008NR: 3.8% Ni over 10.9 metres, including 5.2% Ni over 3.8 metres
        • G10-22-011NR: 4.2% Ni over 3.0 metres
      • Nickel mineralization in the Beta Hunt Gamma Block remains open to the southeast beyond the 10C and newly defined 50C nickel troughs, with an encouraging historic drill intersection of 11.4% Ni over 9.5 metres located 1 kilometre southeast of current Karora drilling.
      • Results from the 30C nickel trough drilling provide encouragement for an extension of the current Mineral Resource and include the significant results1:

        • B30-19-008NR: 2.0% Ni over 8.9 metres
        • B30-19-018NR: 2.4% Ni over 2.3 metres
        • B30-19-020NR: 3.9% Ni over 1.3 metres

      N.B.

      Downhole intervals. True widths cannot be determined with currently available information.

      .

      Karora Resources management comments

      “We are very pleased with the latest results received from our nickel drilling program at the 50C nickel discovery and parallel 10C nickel trough.

       

      “The new drilling supports the extension of the 50C discovery to over 200 metres in strike length and up to 120 metres in width, all delivered in just 10 months since discovery.

       

      “A key feature of the Beta Hunt Mine is the extensive existing mining infrastructure. This provides us with the advantage of moving very rapidly from initial discovery to Mineral Resource definition and, ultimately, with the goal of mining.

       

      “Drilling results from the 10C nickel trough further support our objective to upgrade and extend the existing 10C nickel Mineral Resource, which forms part of the current Beta South Mineral Resource.

       

      “Our team is now working on a new nickel mineralization model for the Gamma Block that will utilize the new drill results from both 50C and 10C to enhance identification of drill-ready targets. We will use this model to support an updated nickel Mineral Resource incorporating the 50C discovery and 10C upgrade and extension during the second quarter of 2022.

       

      “The potential growth of the 50C and 10C nickel mineralization is not capped at the current strike length. A historic drill intersection of 11.4% Ni over 9.5 metres is located approximately 1 kilometre southeast of our current drilling, supporting our hypothesis that nickel mineralization may be significantly more extensive – an exciting prospect.

       

      “With respect to the new 50C nickel discovery, which is located just 140 metres from existing mine development, we expect to move rapidly to grow our nickel production and, increase our nickel by-product credits which would then further reduce our overall AISC gold production costs in future years.

       

      “Mine planning for the Gamma Block is underway with a view to bring these new nickel areas into production as soon as practicable with the goal of first mining taking place in the first half of 2023.

       

      “Lastly, new drill results received from the 30C nickel trough, located proximal to the Larkin Gold Zone, demonstrate the potential to further extend the nickel Mineral Resource in this area.

       

      “To be able to move this quickly from discovery into production yet again demonstrates the infrastructure advantage we enjoy at Beta Hunt.”

      Paul Andre Huet, Chairman & CEO, Karora Resources

      .

      For brevity, this summary has been redacted, to read the full news release, please click HERE

      .

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources, bought in the market at the prevailing price on the day of purchase.

      .

      To read our full terms and conditions, please click HERE

      .

      .

       



      Karora Resources Beta Hunt Shear Zone extended

      Karora Resources Inc. (TSX: KRR)

      Announced new exploration drilling results from the Beta Hunt Mine have materially extended the strike length of gold mineralization at the Fletcher Zone to over 500 metres.

      The recently discovered Gamma Block mineralization strike length has also been extended to over 200 m. Both mineralized systems remain open along strike and at depth.   […] 

       

      .

      Karora Resources TSX: KRR
      Stage Production + Deveopment + Exploration
      Metals Gold + Nickel
      Market cap c$695 m @ C$4.55
      Location Kalgoorlie, Western Australia

       

      .

      Karora Resources

      Gold in drill core from Beta Hunt mine, Western Australia

       

      .

      Third Major Beta Hunt Shear Zone Extended To Over 500 Metres Of Strike 

       

      .

      ORONTO, Jan. 24, 2022 /CNW/ – Karora Resources Inc. (TSX: KRR) (“Karora” or the “Corporation”) is pleased to announce new exploration drilling results from the Beta Hunt Mine have materially extended the strike length of gold mineralization at the Fletcher Zone to over 500 metres.

      The recently discovered Gamma Block mineralization (see Karora news release dated November 15, 2021) strike length has also been extended to over 200 metres. Both mineralized systems remain open along strike and at depth.

      First discovered by Karora in 2016, the Fletcher Zone is a parallel shear zone located approximately 350 metres west from the Western Flanks Zone and represents a third major shear zone at Beta Hunt.

      New exploration drilling, designed to further test the strike length of Fletcher, was highlighted by intersections of 3.3 g/t over 9.5 metres, including 5.5 g/t over 4.4 metres (hole AF18LV-07AE) and 18.5 g/t over 0.8 metres (hole AF18LV-16AE).

      New exploration drilling completed south of the recently discovered Gamma Block gold mineralization, located at the southern extent of the existing mine development, encountered further encouraging results.

      The holes drilled served a dual purpose: to test both the 50C Nickel trough and the underlying Gamma Block gold mineralization. Although Gamma and 50C can be mined separately, they are close enough to be accessed from the same level development potentially reducing cost and access time to mine both areas.

      Significant gold intercepts returned from Gamma drilling were highlighted by a wide intercept of 3.4 g/t over 33.6 metres (including 6.0 g/t over 10.5 metres and 6.1 g/t over 3.8 metres) in hole G50-22-009NR, 7.6 g/t over 8.4 metres, including 12.1 g/t over 4.6 metres (hole G55-22-006NR) and 12.9 g/t over 2.0 metres (hole G50-22-012NE). The Gamma (gold) and 50C (nickel) highlight the exciting potential south of the Alpha Island (“AIF”) and Gamma faults at Beta Hunt.

      .

      Karora Resources management comments

      “Exploration at Beta Hunt continues to drive extensions of known primary shears and of newly discovered zones, underscoring the fact that we are only just beginning to understand the true potential of the mine.

       

      “The new drilling announced today highlights the exciting potential south of the Alpha Island and Gamma faults.

       

      “Fletcher is a third major shear zone at Beta Hunt that we have now materially extended for the first time since 2016. New drilling has extended the known strike extent to over 500 metres and over a 150 metre vertical extent. With strike potential up to 2 kilometres, while remaining open at depth, Fletcher has the potential to form a long-term backbone of our operation in future years.

       

      “The new Gamma Block mineralization, underlying our exciting high grade 50C Nickel trough, represents a second new potential gold mining area. Our new drilling has now extended Gamma over 200 metres of strike extent and remains open both along strike and at depth.

       

      “What is encouraging about both of these zones is that they are easily accessed on the edges of existing development, lowering the cost associated with setting up mining activities.

       

      Lastly, we expect to issue a progress update on our Mineral Resources later in the first quarter, which will include the addition of the maiden Larkin Zone Mineral Resource.”

      Paul Huet, Chairman and CEO of Karora Resources

       

      For brevity, this summary has been redacted, to read the full news release, please click HERE

      .

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      To read our full terms and conditions, please click HERE

       



      Karora Resources Discover 40.5 gpt Gold

      Karora Resources  (TSX: KRR)

      Announced new exploration drilling results from the Beta Hunt Mine, located near Kalgoorlie, WA.

      The new drilling results include the discovery of high grade gold mineralization approximately 50 metres below the interpreted extension of the 50C nickel trough in the Gamma Block.

       

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap c$626 m @ C$4.1
      Location Kalgoorlie, Western Australia

       

      .

      Karora Resources map

      Karora Resources project map, Kalgoorlie, Western Australia

       

      Karora Resources Intersects 40.5 G/T Gold Over 4.0 Metres In New Discovery And Widest Intercept To Date At Beta Hunt Totalling 1.5 G/T Gold Over 90.5 Metres

       

       

      TORONTO, Nov. 15, 2021 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce new exploration drilling results from the Beta Hunt Mine.

      The new drilling results include the discovery of high grade gold mineralization approximately 50 metres below the interpreted extension of the 50C nickel trough in the Gamma Block (see Karora news releases dated April 6, 2021 and October 8, 2021.

      .

      Highlights:

      • New mineralized setting intersected beneath the 50C nickel trough has returned an initial diamond drill intersection of 40.5 g/t over 4.0 metres in hole G50-22-007NE1,3. The intersection is associated with a basalt breccia, different to what has previously been observed in the A Zone and Western Flanks Mineral Resources. Interpretation of this new host mineralization is underway.
      • A second new gold discovery hole intersected the widest ever mineralized interval drilled by Karora at Beta Hunt. The intersection of 1.5 g/t over 90 metres1,3 includes 50.9 g/t over 0.4 metres and occurs approximately 250 metres west of the Larkin Zone. Results of the two holes drilled to date west of the Larkin Zone include1,3:
        • EL-EA2-004AE: 1.5 g/t over 90.5 metres including 3.2 g/t over 13.1 metres (includes 50.9 g/t over 0.4 metres) and 2.7 g/t over 6.0 metres
        • EL-EA2-005AR: 1.2 g/t over 30.3 metres, including 2.2g/t over 4.3 metres
      • Recent infill drilling of the Larkin Zone continues to support continuity of the gold mineralization defined to date. Highlights include2,3:
        • EL-EA2-004AE: 4.7 g/t over 5.0 metres
        • BL-19-17AR: 7.6 g/t over 2.1 metres
        • BL-19-20AR: 74.0 g/t over 1.0 metre

      1.

      Interval lengths are downhole widths. True estimated widths cannot be determined with available information. 

      2.

      Interval lengths are estimated true widths

       


      Underground exploration drilling has returned an initial intersection of 40.5 g/t over 4.0 metres in diamond drill hole G50-22-007NE. The new discovery is associated with a basalt breccia. This association of gold mineralization with brecciation is not generally observed in current gold Mineral Resources at Beta Hunt.

      Exploration drilling to the west of the Larkin Zone has also intersected what appears to be a parallel zone of gold mineralization. The discovery hole of 90 metres grading 1.5 g/t is approximately 250 metres west of the Larkin Zone and returned individual grades as high as 50.9 g/t over 0.4 metres.

       

      Karora Resources management comments

      “I am excited by the new exploration drill results which continue to demonstrate the tremendous growth potential at the Beta Hunt Mine.

       

      “Our first drill hole south of the 50C nickel discovery in the Gamma Block area intersected 40.5 g/t gold over 4.0 metres (hole G50-22-007NE) as part of the drill program targeting the southern extent of the nickel trough and highlights the further potential of this area to host significant gold mineralization.

       

      “We also drilled Karora’s widest ever +1 g/t intersection at Beta Hunt. In the Beta Block, a campaign is underway to upgrade the 30C nickel trough and underlying Larkin Gold Zone.

       

      “As part of this campaign an exploration drill hole was extended 250 metres past the Larkin Zone and returned a very wide gold mineralized intercept of 1.5 g/t over 90.5 metres, including 3.2 g/t over 13.1 metres and 2.7 g/t over 6.0 metres (hole EL-EA2-004AE). Infill drilling below the 30C nickel trough intersected gold mineralization supporting our Larkin Zone interpretation of three steep dipping zones ranging between 3 to 12 metres in width. The new drilling results from this area include 4.7 g/t over 5.0 metres (hole EL-EA2-004AE), 7.6 g/t over 2.1 metres (hole BL19-17AR) and 74.0 g/t over 1.0 metre (hole BL19-20AR).

       

      “It is important to understand that Beta Hunt’s current gold Mineral Resources are entirely contained within the northern Hunt Block, with both the Beta and Gamma Blocks remaining at very early stages of gold exploration.

      “As Karora continues to develop the mine toward the south, opportunities to add to the current resource from these southern blocks is very encouraging as highlighted by the recent drill intersections from our exploration program.”

      Paul Huet, Chairman and CEO of Karora Resources

      .

      Recent Drilling Update

      The description below covers new gold results for the drill period between August 1 to October 31, 2021 for drill holes in the Beta and Gamma Blocks. Drilling within these areas totalled 27 holes for 3,333 metres over the period. The Beta Block is defined as the area between the Alpha Island Fault and the Gamma Island Fault. The Gamma Block is defined by that area south of the Gamma Island Fault. The area north of the Alpha Island fault is defined as the Hunt Block (see Figure 1).

      Turn-around times on assay results continue to be slow, up to 6 to 8 weeks for exploration samples, for reasons previously reported (see Karora news release dated September 8, 2021). As restrictions ease, this situation is expected to improve going forward.

       

      For brevity, this summary has been redacted, to read the full news release, please click HERE

       

      .

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email  andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

       

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources, bought in the market at the prevailing price on the day of purchase.

      .

      To read our full terms and conditions, please click HERE