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Karoras Powerplay: Increasing Gold Output & a Boost From By-Product Nickel Production

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Wed, August 24, 2022 at 11:00 AMendedReplay
Karoras Powerplay: Increasing Gold Output & a Boost From By-Product Nickel Production

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Meeting Overview The meeting was a live investment summit hosted by Corora Resources, featuring a presentation by Oliver Turner, the Executive Vice President of Corporate Development. The discussion focused on company updates, including production goals, recent acquisitions, and the management team's changes, followed by a Q&A session. Key Discussion Points - Overview of Corora Resources as a growing gold producer in Western Australia. - Plans to ramp up production to approximately 200,000 ounces by 2024. - Recent announcement of a nickel Preliminary Economic Assessment (PEA) for the Beta Hunt mine. - Introduction of new COO Bevan Jones and the retirement of former MD Graham Sloan. - Acquisition of the Lakewood Mill to enhance processing capacity and reduce costs. - Discussion of challenges related to the Higginsville mill expansion and the strategic pivot to acquire Lakewood. - Commitment to carbon neutrality and ongoing efforts in emissions reduction. Decisions Made - No explicit ...

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[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Hello everyone and welcome to Corora Resources live investment summit today hosted by 6. I'm joined today by Oliver Turner, their Executive Vice President of Corporate Development. Oliver is going to walk us through company presentation and after we'll move on to the live Q&A session. I'd like to remind everyone in the audience that you can ask questions using the Q&A tab found on the right hand side of your screen. Without further ado, Oliver, I'd like to hand things over to you, get us kicked off. [00:30] Speaker 2: Yeah, thank you very much and hello everyone. Good to get back on the 6 platform. I know it's been a while since we've been on here, so excited to give you an update with a fresh look on our new deck here. We've certainly been very busy since we last talked on 6, so I'll walk you through some of those updates and of course we'll have some questions at the end of the session that we can run through. So with that I'll kick it off and I'll try to balance it between for new investors as well as obviously our great existing shareholder base. [00:59] Speaker 2: So Core [01:00] Speaker 2: in sort of 5 points here [01:02] Speaker 2: is a growing Tier 1, sorry, Gold producer in a Tier 1 jurisdiction. We are in Western Australia. I'll talk more about that position a little bit later on. We are ramping towards a production rate of approximately 200, 000 ounces by 2024. I'll talk about how we're doing that. Very excitingly we recently announced the results of a nickel PEA. As we're going to be expanding some nickel production at our beta hunt mine which has a long history of nickel production. [01:26] Speaker 2: You know backed by a management team that certainly done this before I i...