January 17, 2024
Karora Resources Inc. (TSX:KRR, BUY, C$7.50 target, David A. Talbot) signed a long-term Power Purchase Agreement (PPA) for its 100%-owned Beta Hunt and Higginsville operations (HGO) in Australia. It also announced a plan to achieve a 20% reduction in GHG emissions by 2030. Currently, Higginsville power is sourced from the onsite 7MW diesel power generation facility. Beginning in 2025 when the PPA is implemented, its Scope 1 & 2 carbon emissions are expected to be reduced ~12% representing ~40% progress towards achieving the 2030 emissions target. This agreement follows on from a record year of production at Karora’s operations, largely driven by organic resource growth and full integration of the Lakewood and Higginsville mills. We believe production will continue to grow and forecast 185k-120k oz Au in 2024 (read notable). Read more
Company Specific Disclosure Details
Karora Resources Inc. – TSX:KRR – 7
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