Karora Resources is a multi-asset mineral resource company focused primarily on the acquisition, exploration, evaluation and development of precious metal properties. It is Karora’s vision to become the next sustainable high quality mid-tier producer.

After the transformational acquisition of the Higginsville Gold Operations, Karora’s primary operations are the Beta Hunt Underground Mine and the Higginsville Gold Operations including the Higginsville Open Pit mines and 1.4Mtpa Higginsville mill.

Last year was their maiden year of Gold production with their own build and they produced 100,000oz of Gold and are meeting their guidance on production and costs. They have recently put out a press release to announce the increase in production going forward.
The Gold and mining sectors are challenging and Karora Resources had some specific objectives with the Board and the shareholders and they have completed what they set out to do.

Karora Resources is a turnaround story which has made huge progress since 2019. They have Beta Hunt and the Higginsville complex and their organic growth is self-funded. They are talking about increasing production to 185-205,000oz which will be fully funded from cash flow and there are opportunities ahead over the next 3 years which will be transformational for the company.