TORONTO, March 27,
2023 /CNW/ - Karora Resources Inc. (TSX: KRR)
("Karora" or the "Corporation") is pleased to announce the
appointment of Leigh Junk to the
position of Managing Director, Australia.
Paul Andre Huet, Chairman &
CEO, commented: "I am pleased to welcome Leigh Junk to the Karora team. With over 30
years of mining industry experience, including senior management
leadership and operational roles, Leigh is a great fit to provide
overall senior leadership at our Australian operations as we
execute our growth plan. Leigh's success and experience in both the
gold and nickel mining spaces in Western
Australia represents a highly strategic addition for Karora
as we ramp up our production of both metals. Leigh will report to
me, in my role as Chairman and CEO."
Most recently, Leigh Junk was
Managing Director of Dacian Gold prior to its takeover by Genesis
Minerals in 2022 and, prior to that, was Managing Director of Doray
Minerals until its merger with Silver Lake Resources in 2019. Leigh
has held senior positions in several other Australian mining
companies, including WMC Resources, Mincor Operations and Pilbara
Manganese. Mr. Junk was a co-founder of Donegal Resources, a
private company that successfully acquired and recommissioned
several Nickel operations in the Kambalda, Western Australia area, until it was sold to
Canadian miner Brilliant Mining Corp in 2006. Mr. Junk has been a
Director of several public companies in the mining and financial
sectors in both Australia and
Canada.
About Karora Resources
Karora is focused on increasing gold production to a targeted
range of 170,000-195,000 ounces by 2024 at its integrated Beta Hunt
Gold Mine and Higginsville Gold Operations ("HGO") in Western Australia. The Higginsville treatment
facility is a low-cost 1.6 Mtpa processing plant, which is fed at
capacity from Karora's underground Beta Hunt mine and Higginsville
mines. In July 2022, Karora acquired
the 1.0 Mtpa Lakewood Mill in Western
Australia. At Beta Hunt, a robust gold Mineral Resource and
Reserve are hosted in multiple gold shears, with gold intersections
along a 5 km strike length remaining open in multiple directions.
HGO has a substantial Mineral gold Resource and Reserve and
prospective land package totaling approximately 1,900 square
kilometers. Karora has a strong Board and management team focused
on delivering shareholder value and responsible mining, as
demonstrated by Karora's commitment to reducing emissions across
its operations. Karora's common shares trade on the TSX under the
symbol KRR and on the OTCQX market under the symbol KRRGF.
Cautionary Statement Concerning
Forward-Looking Statements
This news release contains "forward-looking information"
including without limitation statements relating to, among other
items, production guidance, timing for completion of capital
projects, timing for the commencement of mining, liquidity and
capital resources of Karora, organic growth profile and the
potential of the Beta Hunt Mine, Higginsville Gold Operation, the
Aquarius and Two Boys Projects, Spargos Gold Mine and Lake Cowan
prospect.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Karora to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Factors that could
affect the outcome include, among others: future prices and the
supply of metals; the results of drilling; inability to raise the
money necessary to incur the expenditures required to retain and
advance the properties; environmental liabilities (known and
unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; accidents,
labour disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements, refer to Karora 's filings with
Canadian securities regulators, including the most recent Annual
Information Form, available on SEDAR at www.sedar.com.
Although Karora has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results to
differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are made as of the date
of this news release and Karora disclaims any obligation to update
any forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as
required by applicable securities laws.
SOURCE Karora Resources Inc.