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Karora Resources Reduced Debt Significantly and Increases Exploration Budget by 50%

24:44 MIN 4.473

Interview with Chairman & CEO Paul Huet. Karora Resources is a multi-asset mineral resource company focused primarily on the acquisition, exploration, evaluation and development of precious metal properties in Australia.

After the transformational acquisition of the Higginsville Gold Operations, Karora’s primary operations are the Beta Hunt Underground Mine and the Higginsville Gold Operations including the Higginsville Open Pit mines and 1.4Mtpa Higginsville mill.

The company increased the current CAD 10$ million exploration budget by 50% to CAD 15$ million and reduced the debt down to CAD 30$ million, which is less than the current cash position.