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Beta Hunt

MMX Interest: Gold: 3.25% gross revenue royalty (GRR) + 1.5% net smelter return (NSR) royalty & Nickel: 1.5% NSR royalty
MMX Metal Exposure: Gold (Au), Nickel (Ni)
Location: Western Australia, Australia
Operator: Karora Resources Inc.
Status: Producing

Asset Information

  • Located in the long established Kambalda mining district with excellent existing infrastructure
  • In September 2018, discovered the Father's Day Vein, a new high-grade discovery area that yielded ~25,000 ounces of gold
  • Technical Report was filed in February 2020 for the maiden gold mineral reserve of 306,000 ounces (3.45 million tonnes at an average grade of 2.8 g/t) at the Beta Hunt mine
  • Additional discoveries of high-grade gold and nickel mineralization in Q3 2020
  • In Q4 2020, updated reserve and resource estimate was released with gold reserves increased by over 50% as well as a maiden nickel reserve announced

For more information on Beta Hunt, please visit www.karoraresources.com.

 

Source: Karora Resources public disclosure