Impact: Positive
Karora announced additional drilling results from its Ni zones, the high-grade 50C Ni trough and 10C Ni trough. The 50C trough was discovered earlier this year (read more), and drilling has expanded mineralization to 80m in width and over 150m along strike thus far. We believe Karora’s rising production outlook, improving financial profile (read more), exploration upside and growth plans continue to highlight a potential re-rating opportunity for the company.
