Karora Resources (KRRGF) has agreed to acquire the 1 Mtpa Lakewood Mill gold processing facility located near Kalgoorlie, Western Australia in a A80M cash and stock transaction...
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WhatsApp: +86 18203695377With a number of gold processing mills in the vicinity, the move to production is a realistic prospect. Further drilling is in the works as the company looks to increase the size of the resource. According to the scoping study at gold prices from AUD2,400 to AUD2,800/oz, the Production Target for the Project ranges from approximately:
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WhatsApp: +86 18203695377According to the company's statement, the acquisition price of A80 million is comprised of A70 million in cash and A10 million in Karora shares. Karora said it successfully tolled Beta Hunt material through the Lakewood mill in Q1 2022, achieving 94% gold recovery. Chairman CEO Paul Andre Huet commented, "Closing the acquisition of the ...
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WhatsApp: +86 18203695377The expansion would more than double the capacity of the processing plant from 2 million tonnes a year to million tonnes. The investment follows Evolution Mining's 400 million acquisition of ...
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