MULTI-YEAR GROWTH PLAN - Karora Resources
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MULTI-YEAR GROWTH PLAN
TSX KRR OTCQX KRRGF
Corporate Presentation | June 2021
LEADING MANAGEMENT TEAM
Proven CEO and Managing Director
PAUL ANDRE HUET GRAEME SLOAN
Chairman and CEO Managing Director –
Australian Operations
Former President, CEO and Director of Klondex Former Chief Executive of Perseverance
Mines, building the company from a single asset Corporation from 2002-2007, responsible for
operation in 2012 until its sale as a multi-asset the construction of the Fosterville Mine and
producer in 2018 Mill, now Australia’s highest margin operation
+30 years of experience within the mining Former CEO and MD of a number of ASX and
industry, boasting a proven track record of AIM mining companies
building shareholder value
Excellent track record of success in building
Has served on several non-profit and publicly and operating integrated mining operations
traded company boards
Overall responsibility for the Beta Hunt Mine
and Higginsville Gold Operations
TSX KRR | OTCQX KRRGF 2
LEADING MANAGEMENT TEAM
Experienced Senior Team
OLIVER TURNER BARRY DAHL MICHAEL DOOLIN
Executive Chief Financial Senior Vice President,
Vice President, Officer Technical Services
Corporate Development
Over 12 years of experience in Experienced mining CFO with Mining professional with over
the mining industry 30 years of financial leadership 30 years of experience in
senior technical management
Previously served as Senior Vice Prior to joining Karora served
roles
President of Precious Metals as CFO of Excelsior Mining
Equity Research at GMP Corp., CFO of Klondex Mines Previously served as interim
Securities and as a mining Limited and CFO of Argonaut CEO and COO of Silver
engineer at Wardrop Engineering Elephant Mining Corp.,
COO at Klondex Mines Limited
and Mill Manager at Great
Basin Gold
TSX KRR | OTCQX KRRGF 3
DISCLAIMER
CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS an increased uncertainty of achieving any particular level of recovery of minerals or the
This presentation contains "forward-looking information" including without limitation cost of such recovery, which include increased risks associated with developing a
statements relating to the timing of production and cash flow from the Spargos Gold commercially mineable deposit. Historically, such projects have a much higher risk of
Reward Project and the potential of the Beta Hunt Mine, Higginsville Gold Operation economic and technical failure. There is no guarantee that anticipated production costs
and Spargos Reward Gold Project. will be achieved. Failure to achieve the anticipated production costs would have a
material adverse impact on the Corporation’s cash flow and future profitability. Readers
Forward-looking statements involve known and unknown risks, uncertainties and other are cautioned that there is increased uncertainty and higher risk of economic and
factors which may cause the actual results, performance or achievements of Karora to be technical failure associated with such production decisions.
materially different from any future results, performance or achievements expressed or
CAUTIONARY NOTE – RESOURCES
implied by the forward-looking statements. Factors that could affect the outcome include,
In accordance with applicable Canadian securities regulatory requirements, all mineral
among others: future prices and the supply of metals; the results of drilling; inability to
resource estimates of Karora disclosed in this Presentation have been prepared in
raise the money necessary to incur the expenditures required to retain and advance the
accordance with Canadian National Instrument 43-101 - Standards of Disclosure for
properties; environmental liabilities (known and unknown); general business, economic,
Mineral Projects ("NI 43-101"), classified in accordance with Canadian Institute of Mining
competitive, political and social uncertainties; results of exploration programs; accidents,
Metallurgy and Petroleum's "CIM Standards on Mineral Resources and Reserves
labour disputes and other risks of the mining industry; political instability, terrorism,
Definitions and Guidelines" (the "CIM Guidelines").
insurrection or war; or delays in obtaining governmental approvals, projected cash
operating costs, failure to obtain regulatory or shareholder approvals. For a more detailed
Pursuant to the CIM Guidelines, mineral resources have a higher degree of uncertainty
discussion of such risks and other factors that could cause actual results to differ
than mineral reserves as to their existence as well as their economic and legal feasibility.
materially from those expressed or implied by such forward-looking statements, refer to
Inferred mineral resources, when compared with measured or indicated mineral
Karora 's filings with Canadian securities regulators, including the most recent Annual
resources, have the least certainty as to their existence, and it is reasonably expected the
Information Form, available on SEDAR at www.sedar.com.
majority of inferred mineral resources could be upgraded to indicated mineral resources
Although Karora has attempted to identify important factors that could cause actual with continued exploration. Pursuant to NI 43-101, inferred mineral resources may not
actions, events or results to differ materially from those described in forward-looking form the basis of any economic analysis, including any feasibility study. Accordingly,
statements, there may be other factors that cause actions, events or results to differ from readers are cautioned not to assume that all or any part of a mineral resource exists, will
those anticipated, estimated or intended. Forward-looking statements contained herein ever be converted into a mineral reserve, or is or will ever be economically or legally
are made as of the date of this presentation and Karora disclaims any obligation to mineable or recovered. Premier is not aware of any environmental, permitting, legal, title-
update any forward-looking statements, whether as a result of new information, future related, taxation, socio-political, marketing or other relevant issue that could materially
events or results or otherwise, except as required by applicable securities laws. affect the mineral resource estimate. The definitions under NI 43-101 and the CIM
guidelines differ from the definitions in Guide 7 of the U.S. Securities and Exchange
NON-IFRS MEASURES
Commission. Accordingly, information regarding mineral deposits may not be comparable
Certain non-IFRS measures are included in this Presentation, including Adjusted Working
to similar information made public by U.S. companies subject to the reporting and
Capital and EBITDA. The non-IFRS measure should not be considered in isolation or as
disclosure requirements under the United States Securities laws and the policies and
a substitute for measures of performance prepared in accordance with IFRS. The non-
regulations thereunder.
IFRS measures do not have any standardized meaning prescribed under IFRS, and
therefore may not be comparable to other issuers. TECHNICAL REPORTS
Technical Report on the Higginsville-Beta Hunt Operation Eastern Goldfields, Western
CAUTIONARY STATEMENT REGARDING HIGGINSVILLE MINING OPERATIONS Australia), dated January 29, 2021, available under Karora’s profile at www.sedar.com
A production decision at the Higginsville gold operations was made by previous operators
QP STATEMENT
of the mine, prior to the completion of the acquisition of the Higginsville gold operations
The disclosure of scientific and technical information contained in this presentation has
by Karora and Karora made a decision to continue production subsequent to the
been reviewed and approved by Stephen Devlin, FAusIMM, Group Geologist, Karora
acquisition. This decision by Karora to continue production and, to the knowledge of
Resources Inc., a Qualified Person for the purposes of NI 43-101.
Karora, the prior production decision were not based on a feasibility study of mineral
reserves, demonstrating economic and technical viability, and, as a result, there may be
TSX KRR | OTCQX KRRGF 4
DOUBLING PRODUCTION TO 200,000 OZ
PRODUCTION COST FUNDED SIGNFICANT
GROWTH REDUCTION GROWTH UPSIDE PROJECTS
Targeting gold Continued focus on Growth capital funded Numerous advanced
production of 185-205k AISC reduction towards from existing cash and high grade gold and
oz by 2024 US$900/oz operating cash flow nickel targets
225 1,100
200
1,000
175
US$ PER OUNCE
150 900
000’S OF OUNCES
125
800
100
Elevating Karora into
75 700
the next Tier of gold
50
600 producers
25
0 500
2021 2022 2023 2024
Gold Production All-in Sustaining Cost
TSX KRR | OTCQX KRRGF 5
BUILDING ON TRACK RECORD OF DELIVERY
BEAT 2020 CONSISTENT MAJOR COST 2020 RESOURCE
GUIDANCE PRODUCTION REDUCTIONS ADDITIONS
2020 production of Reliable producer Royalties, vendor, G&A Consolidated 2P Reserves
99,249 oz vs. guidance of ~25 koz/qtr, and personnel initiatives of 1.33M oz (+334%)
of 90,000 - 95,000 oz despite numerous reduced AISC to
Consolidated M&I Resources
external headwinds ~US$1,000/oz
of 2.52M oz (+167%)
PRODUCTION HISTORY SINCE HGO MILL ACQUISITION
30 1,200
1,100
25
Consistent
1,000
20 Operational Delivery
000’S OF OUNCES
US$ PER OUNCE
900 Since Acquisition of
15
800 HGO Mill in mid-2019
10
700
5 600
0 500
Q319 Q419 Q120 Q220 Q320 Q420 Q121
Gold Production All-in Sustaining Cost
TSX KRR | OTCQX KRRGF 6
THREE YEAR CONSOLIDATED GUIDANCE
Phased capital program over During Q1 2021, $18M of capital was
three year window allows deployed into pre-development growth
consistent FCF generation plan initiatives.
PRODUCTION, COST AND CAPITAL GUIDANCE (2021 – 2024)1,4,8
Production & Costs 2021 2022 2023 2024
Gold Production Koz 105 - 115 120 - 140 150 - 170 185 - 205
All-in sustaining costs7,8 US$/oz 985 - 1,085 900 - 990 890 - 990 885 - 985
Capital Investments2,3,6
Sustaining Capital A$ (M) 5-6 8 - 13 11 - 16 18 - 23
Growth Capital A$ (M) 40 - 46 45 - 55 47 - 57 30 - 40
Exploration & Resource Development5 A$ (M) 20 - 23 21 - 24 22 - 25 20 - 23
1. 2021 Guidance, which was announced in January 2021 (see Karora news release dated January 19, 2021), is unchanged. This production guidance through 2024 is principally based on the 2020 year-end Mineral
Reserves and Mineral Resources announced on December 16, 2020.
2. The Capital Investment amounts listed above, which the Corporation expects to fund with cash on hand and cashflow from operations, includes the capital required during the applicable periods to expand the
capacity of the Higginsville mill to 2.5 Mtpa. See below for further detail regarding this expansion.
3. The material assumptions associated with the expansion of Beta Hunt mining production rate to 2.0 Mtpa in 2024 include the addition of a second ramp decline system driven parallel to the ore body, ventilation and
other infrastructure that is required to support these areas, and an expanded trucking fleet. The Capital Investment amounts listed above, which the Corporation expects to fund with cash on hand and cashflow from
operations, include the capital required during the applicable periods to fund this throughput expansion. See below for further detail regarding this expansion.
4. The Corporation’s guidance assumes targeted mining rates and costs, availability of personnel, contractors, equipment and supplies, the receipt on a timely basis of required permits and licenses, cash availability for
capital investments from cash balances, cash flow from operations, or from a third-party debt financing source on terms acceptable to the Corporation, no significant events which impact operations, such as COVID-
19, nickel price of US$16,000 per tonne, as well as an A$ to US$ exchange rate of 0.78 and A$ to C$ exchange rate of 0.91. Assumptions used for the purposes of guidance may prove to be incorrect and actual
results may differ from those anticipated. See below “Cautionary Statement Concerning Forward-Looking Statements”.
5. Exploration expenditures include capital expenditures related to infill drilling for Mineral Resource conversion, capital expenditures for extension drilling outside of existing Mineral Resources and expensed
exploration. Exploration expenditures also includes capital expenditures for the development of exploration drifts.
6. Capital expenditures exclude capitalized depreciation.
7. AISC guidance includes general and administrative costs and excludes share-based payment expense.
8. See “Non-IFRS Measures” set on page 4 of this presentation.
9. See “Risk Factors” described on page 29 of the Corporation’s MD&A dated March 19, 2021.
TSX KRR | OTCQX KRRGF 7
GROWTH PLAN MILESTONES
2021 2022 2023 2024 2025
Studies, pre-development and drilling
Beta Hunt expansion including second
decline development
Phase II mill expansion to 2.5 MTPA
Target ~200,000 oz gold production rate
Develop upside project opportunities
TSX KRR | OTCQX KRRGF 8
KARORA’S PROJECT PIPELINE
Multi-stage
project pipeline
feeding long-term
BETA HUNT production
FLETCHER,
WESTERN FLANKS growth
NORTH &
A ZONE NORTH
LAKE COWAN Higginsville Central Projects
REGIONAL
Higginsville Greater Projects
TSX KRR | OTCQX KRRGF 9
BETA HUNT EXPANSION TO 2.0 MTPA
PORTAL
N
Beta Hunt Footprint
Continues to Grow
A ZONE
AIF Recent drilling has
WESTERN significantly expanded Beta
FLANKS
Hunt’s Footprint
HISTORIC OPEN PITS
Drilling has confirmed
LONGSECTION
structures hosting gold
mineralization extending
both along strike and down
GIF dip
Additional nickel discoveries
BETA including the 30C and
Legend
50C/Gamma zones have led
Gold
Gold
Nickel to a dedicated nickel
50C NICKEL TROUGH
Nickel exploration team
remnant 0m 1,000m
GAMMA
TSX KRR | OTCQX KRRGF 10BETA HUNT EXPANSION TO 2.0 MTPA
Development of a second Selection of second decline
leverages strong past operational
decline to more than double performance in haulage to ensure a
production capacity smooth, efficient throughput increase
LONG SECTION LOOKING NORTHEAST
SECOND DECLINE
Existing Portal & Decline
Surface
Mined Indicated
Measured Inferred
OPEN
LARKIN
Stage 1 A Zone North,
Western Flanks OPEN
Extensional Drilling
OPEN OPEN AlphaAlpha
Island FaultFault
Island
TSX KRR | OTCQX KRRGF 11BETA HUNT EXPANSION TO 2.0 MTPA
Second decline will be Drilling up-plunge of A-Zone & Western
Flanks has intersected a shear zone along
driven parallel to ore body strike of Western Flanks providing potential
near term production as decline is advanced
LONG SECTION LOOKING NORTHEAST
SECOND DECLINE
Surface
Existing Portal & Decline
Stage 1 and 2 A Zone
North, Western Flanks
Extensional Drilling
ULTRAMAFIC
BASALT
DRILL TARGET ZONE
Mined Indicated
Measured Inferred
TSX KRR | OTCQX KRRGF 12HGO PHASE II MILL EXPANSION
Major Plant Expansion
60% increase in throughput to 2.5 MTPA
Phase II mill expansion estimated Additional leach feed screens,
capital cost of A$50 million CIL tanks and new thickener
incorporated
Addition of new SAG mill / motor and
extension of feed conveyor Upgrades to process water plant, tails
A section of the crushing circuit will be pipeline and other infrastructure
repurposed as a pebble crusher Completed plant expansion will provide
optionality to blend paleochannel
Existing ball mill, recently upgraded
gravity circuit and elution columns will material from Central Higginsville
be utilized
TSX KRR | OTCQX KRRGF 13HGO CENTRAL: HGO’S HIGHER GRADE CORE
TWO UNDERGROUND Two boys restart and Aquarius
MINES ONLINE IN development will drive higher
H2 2021 grade base feed to HGO mill
TRIDENT U/G
N
HIGGINSVILLE POSEIDON SOUTH
CENTRAL
TWO BOYS
HGO MILL
AQUARIUS
GRAVEYARD
APHRODITE
MITCHELL
Legend
HIDDEN SECRET
Operating Mines
Past Producing Mines
Mill
Gold
Haul Roads CHALLENGE MOUSEHOLLOW
Tailings Storage Facility
Waste Dumps
BALOO
HGO Tenements 0km 4km
TSX KRR | OTCQX KRRGF 14AQUARIUS: HGO’S NEW UG MINE
Higginsville Central
AQUARIUS PROJECT
Pre-production activities Stope development expected to begin
commenced in Q2 2021 late in Q4 2021
Portal established and decline Higher grades are expected for the main
development underway as of Q3 ore zone
2021 Deposit remains open along strike and
Box cut will intersect near at depth with follow-up drilling to be
surface supergene material carried out from the lateral underground
which will be mined and milled to development, providing optimal drill
help offset development costs locations
TSX KRR | OTCQX KRRGF 15TWO BOYS: RESTARTING A HIGH GRADE MINE
Higginsville Central
TWO BOYS PROJECT
Restart of past producing
underground operation
Over 1,000 metres rehabilitation
on the main decline has been
completed along with dewatering
Development expected to reach
remnant and new ore in Q3 2021
Updated development and stope
production plan to include recent
face samples (5-10 g/t)
TSX KRR | OTCQX KRRGF 16SPARGOS GOLD MINE
SPARGOS LONG SECTION LOOKING EAST SET TO BEGIN FEEDING HGO PLANT
IN H2 2021
Pre-development work commenced Q1 2021
First ore on track for delivery to mill in Q3 2021
KRR’s new, high confidence Mineral Resource
focused on near-term open pit mining with
significant exploration upside to be
incorporated
Limited drilling at depth and along strike – next
phase of exploration drilling will focus on
extending high grade Mineral Resource
beyond current pit shell as well as regional
SPARGOS GOLD PROJECT 1
Mineral Resource Estimate as at June 24, 2021 targets
Mineral Tonnes Grade Contained
Resource2, 3 (kt) (g/t Au) (koz Au)
Measured 241 2.4 19 1. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There
is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral
Reserves.
Indicated 836 3.2 86 2. The Mineral Resource estimates include Inferred Mineral Resources that are normally considered too
speculative geologically to have economic considerations applied to them that would enable them to
be categorized as Mineral Reserves. There is also no certainty that Inferred Mineral Resources will be
M&I 1,077 3.0 105 converted to Measured and Indicated categories through further drilling, or into Mineral Reserves
once economic considerations are applied. Mineral resource tonnage and contained metal have been
rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding
Inferred 401 3.5 45 3. Gold Mineral Resources are reported using a 0.5 g/t Au cut-off grade above 300mRL, and 1.6g/t
Below 300mRL
This Mineral Resource estimate may be materially affected by legal, political, environmental and other risks.
TSX KRR | OTCQX KRRGF 17SPARGOS REGIONAL POTENTIAL UNFOLDING
STRUCTURAL TARGET SOUTH OF SPARGOS REGIONAL SPARGOS GROWTH
POTENTIAL
Potential growth outside of the immediate
extensions of the Mineral Resource has
been identified 1.5km south of main
Spargos project area
Mineralization associated with a porphyry
controlled dilational target
Target associated with historical, near
surface downhole drill intersections
including:
• 14.1 g/t over 2 metres from 5 metres (SRC013)
• 48.5 g/t over 1 metre from 2 metres (SR0988)
• 7.7 g/t over 0.5 metres from 44 metres
(SRB171)
TSX KRR | OTCQX KRRGF 18MAJOR UPSIDE PROJECTS REMAIN
Beta Hunt’s Potential to
PORTAL
Grow Materially Beyond
A ZONE NORTH N 2020 Resource & Reserve
WESTERN FLANKS NORTH
A ZONE
AIF FOUR ACTIVE EXPLORATION TARGETS
Western Flanks North
WESTERN
FLANKS
A Zone North
FLETCHER Fletcher
50C Nickel Trough
• 50C discovery includes 11.6% Ni over 4.6
GIF metres, including 18.4% over 2.2 metres in
hole G50-22-005E1
LARKIN GOLD DISCOVERY
Legend LARKIN
Current Mineral
47 drill holes completed for
Resources
BETA
9,362 m - latest assays pending
Gold Initial Larkin Mineral Resource to be
Gold
Nickel
50C NICKEL TROUGH
included in 2021 consolidated
Nickel
remnant Resource and Reserve update
Exploration
Target - Active GAMMA
0m 1,000m • 30C Nickel Trough directly above Larkin
has returned grades of 8.6% Ni over 1.0
1. See Karora news release dated April 6, 2021 metre and 7.7% Ni over 1.3 metres in
2. See Karora news release dated September 10, 2020
holes BE30-009 and BE300102
TSX KRR | OTCQX KRRGF 19HGO: DISTRICT SCALE EXPLORATION
Sleuth Trend / Lake Cowan Exploration Potential
Part of Regionally Prospective Zuleika Shear Zone
SLEUTH
TREND
BALOO HIGA8864:50m @ 1.35g/t
(active mine) Incl. 16m @ 3.64g/t
(KRR Resources.com.au – Feb 8, 2021)
ARAL
Legend MONSOON NORTH
Au_ppm_m
ax discrete Sleuth Trend GM v1
Black Flag felsic volcanics MONSOON
5 and volcaniclastics
1 Black Flag sediments SPBC0313: 66m @ 11.4g/t
SPC0320: 38m @ 6.4g/t
0.5 and mafic volcaniclastics (S2 Resources.com.au – July 21, 2016)
0.05 Gold
Black Flag sediments, felsic
0.003 volcaniclastics and mafics
Black flag shale
Granite porphyry NANOOK
Kambalda Komatiite SLEUTH
Paringa Basalt TREND
Unknown
TSX KRR | OTCQX KRRGF 20NET ZERO ANNOUNCEMENT
KEY PILLAR OF ESG PROGRAM
PARTNERSHIP WITH
THE NET ZERO COMPANYTM
Develop and implement a pathway to net
zero GHG emissions
GHG reduction targets to be set and
measured using recognized best practices
Initial focus will be on Scope 1 and 2
emissions reductions (direct onsite
emissions and purchased energy
emissions)
Becoming one of world’s
Goal is to ultimately reach True Net Zero
first net zero GHG junior
status, which includes a measure of
Scope 3 emissions (upstream /
gold miners
downstream supply chain emissions)
Inaugural ESG Report expected in
early 2022, incorporating GHG reduction
progress
TSX KRR | OTCQX KRRGF 21ENTERING THE NEXT TIER OF PRODUCERS
Increasing production to the ~200,000 oz peer group provides significant potential for
valuation multiple expansion and market capitalization re-rate
Karora sits uniquely positioned as an organically funded, multi-asset producer in a
top tier jurisdiction
Bubble size = market capitalization
1500
1400
1300 AR
1200
AISC (US$/oz)
PVG
1100 KRR CXB
WGX
SLR
PRU
1000
VGCX RMS
900 RRL
WDO
KNT KRR
800
700
DPM
600
0 50 100 150 200 250 300 350 400 450
Production (koz)
1. Source: Capital IQ. As of June 24, 2021.
TSX KRR | OTCQX KRRGF 22ENTERING THE NEXT TIER OF PRODUCERS
Increasing production to the ~200,000 oz peer group provides significant potential for
valuation multiple expansion and market capitalization re-rate
KARORA MARKET CAPITALIZATION POTENTIAL
2,000
$1.37Bn 202,000 oz
Average Group Average Group
Market Cap Production
MARKET CAPITALIZATION (C$M)
1,500
1,000
500
0
Karora Gold Road Argonaut Victoria Ramelius Silver Lake Dundee Wesdome K92 Mining
Gold Gold Resources Resources Precious
Metals
1. Source: Capital IQ. As of June 24, 2021
TSX KRR | OTCQX KRRGFCORPORATE SUMMARY
CAPITAL STRUCTURE MAJOR SHAREHOLDERS
Shares Outstanding (M)1 146.7 Shareholder Ownership
Warrants (M)1 5.1 Eric Sprott ~9%
Options (M)1 3.8 Van Eck Associates (GDXJ ETF) ~6%
DSU / RSU & Other (M)1,3 4.6 Invesco Ltd. ~4%
Fully Diluted Shares (M)1 160.2 RBC Global Asset Management ~3%
Cash & Equivalents (C$M)2 $76.7 Stabilitas GmbH ~3%
Working Capital (C$M) $63.2 Management ~2%
1. Outstanding as at May 6, 2021. Source: Street Research, Capital IQ
2. Cash and cash equivalents and Working Capital as at March 31, 2021.
3. Includes 1.6 M contingent shares and 0.9 M PSUs.v
LAST 12 MONTHS PERFORMANCE1
ANALYST COVERAGE
2.50 $5.00
Broker Analyst Target Price
$4.50
Tom Gallo C$6.00 2.00 $4.00
SHARE PRICE (C$)
$3.50
Matthew O’Keefe
VOLUME (M)
C$5.50 1.50 $3.00
Nicolas Dion C$5.85 $2.50
1.00 $2.00
John Sclodnick C$5.65 $1.50
Pierre Vaillancourt C$6.00 0.50 $1.00
$0.50
David Talbot C$9.00 0.00 $0.00
Mar-21
Jun-20
Jan-21
Jun-21
Feb-21
May-20
May-21
Dec-20
Apr-20
Oct-20
Apr-21
Jul-20
Nov-20
Aug-20
Sep-20
Ovais Habib C$5.75
Ian Parkinson C$5.85
1. Adjusted for 4.5 :1 share consolidation effective July 31, 2020
TSX KRR | OTCQX KRRGF 24TSX KRR OTCQX KRRGF
HEAD OFFICE
Karora Resources
141 Adelaide Street West, Suite 1608
Toronto, ON, Canada M5H 3L5
PHONE (416) 363-0649
www.karoraresources.com
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