Impact: Mildly Positive
Karora provided a positive exploration update from its ongoing drill programs in Western Australia. Encouraging drilling results were released from the Aquarius project, having intersected shallow high-grade gold mineralization. The company’s effort to reduce royalties across all of its properties is starting to bear fruit, as increased exploration is returning new discoveries and adding higher grade zones (like Aquarius) to the mine plan as the company works to optimize both the mill size and sources of feed.