Karora’s two primary gold producing operations are its 100% interests in the Beta Hunt Mine (“Beta Hunt”) and the Higginsville Gold Operations (“HGO”), both located in Western Australia approximately 60km from Kalgoorlie and located along the prolific Norseman-Wiluna Greenstone Belt. Beta Hunt is held through Salt Lake Mining Pty Ltd (“SLM”), a subsidiary of Karora.
At Beta Hunt, a robust mineral resource is hosted in multiple gold shears, with gold intersections along a 4 km strike length remaining open in multiple directions. Beta Hunt has delivered a number of high-grade coarse gold discoveries including the Father’s Day Vein discovery (“Father’s Day Vein”) announced in September 2018.
Karora acquired the HGO operations on June 10, 2019, which is comprised of a 1.4 million tonnes per annum (“Mtpa”) gold treatment plant, a large historical resource inventory and a substantial portfolio of gold tenements, including the Baloo open pit mine that was brought into production in August 2019 and the Fairplay North open pit mine brought into production in December 2019.
Karora continues to focus on enhancing the operational synergies between the two operations as well as exploring additional opportunities in the region, such as the Spargos Reward Project.
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