Karora increases gold resources and reserves at Beta Hunt Karora
- Karora Resources announced Monday that gold measured and indicated mineral resources, net of depletion, at its flagship Beta Hunt mine increased by 20% to 1.35 million ounces and inferred mineral resources increased by 34% to 1.05 million ounces.Chairman and CEO Paul Andre Huet commented,"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.
"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. 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.
Karora is focused on increasing gold production to a targeted range of 185,000-205,000 ounces by 2024 at its integrated Beta Hunt gold mine and Higginsville gold operations in Western Australia. The company also owns the high grade Spargos Reward project, which came into production in 2021.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Search teams hunt for wreckage after shooting down flying object: TrudeauJustin Trudeau says he ordered an unidentified cylindrical object shot down over Yukon Saturday because it posed a threat to planes.
Read more »
Search teams hunt for wreckage after shooting down flying object: TrudeauJustin Trudeau says he ordered an unidentified cylindrical object shot down over Yukon Saturday because it posed a threat to planes.
Read more »
Ethereum Classic rebounds from $20.8, what’s next for the bulls?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The $20.4-$20.8 is an area of liquidity. The move downward to hunt stop-losses could see a reversal toward $22.3 and $23.9. Ethereum Classic saw the lower timeframe momentum flip to bearish on 5 February, […]
Read more »
Kinross Gold reports initial mineral resources of 5 Moz for Great Bear projectA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Canadian snowboard Darcy Sharpe wins World Cup slopestyle gold in CalgaryCanadian snowboarder Darcy Sharpe won men's World Cup slopestyle gold Sunday in Calgary.
Read more »