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Stocks in play: Karora Resources Inc.

·1 min read

Announced the positive results of the Preliminary Economic Assessment for Nickel Resources at its Beta Hunt Mine in Western Australia. Management looks forward to the ramp-up of nickel production at Beta Hunt beginning in 2023 and advancing the excellent exploration potential to add to the resource base. The PEA base case, using its January 31, 2022 resource, supports an eight-year mining plan to produce 9,435 payable nickel tonnes at a net AISC of A$16,946 per tonne of nickel sold (US$12,371 per tonne). On an average annual basis, production is forecast to increase considerably from the 450 – 550 tonnes we expect to produce in 2022. Karora Resources Inc. shares T.KRR are trading unchanged at $3.21.

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