Karora Resources Inc. (TSX: KRR)

Announced that it has entered into a binding agreement to acquire the operating, fully permitted 1 M tpa Lakewood Mill gold processing facility located near Kalgoorlie,  Western Australia, approximately 60 kilometres from the Beta Hunt Mine.

The acquisition price of A$80 million is comprised of A$70 million in cash and A$10 million in Karora shares. Karora successfully tolled Beta Hunt material through the Lakewood mill in Q1 2022, achieving 94% Au recovery.  […]  Continue reading →