| | | KRR, OGC
Australina gold/nickel miner Karora Resources aka KRR has been the focus of speculation regarding M&A for some time now, and for the first time we have heard from the company. They have confirmed they are in talks with fellow Australian miner Ramelius Resources regarding the possibility of a business combination.
On the surface, the combination makes sense, as Ramelius owns two gold mining hubs located in Western Australia not far from KRR's operations. And Ramelius has been on an acquisition spree, buying three other mining companies in the last several years.
The shame for me would be if any combination involved RMS buying out KRR without a condition being RMS listing in Canada, because I would have sell my my KRR shares prior to the combination due to the prohibitive fees for trading securities listed on the ASX.
Hence, I am hoping this goes nowhere so I an participate in what I see as the coming upside for KRR.
Message 34596511
Oceanagold aka OGC released the latest drill results from the EG Vein, part of the Wharekirauponga deposit on its Waihi property on New Zealand's south Island. Wharekirauponga already has a Indicated Resource of 1.0M oz Au at a grade of 15.9 g/t, and generating assays like 61.9 g/t Au over 4.0m, 31.0 g/t Au over 5.2m, and 58.5 g/t Au over 2.5m will serve to enhance that Resource next time it is updated. Infill and step-out drilling on the EG Vein will resume in a few months once permits are received.
And speaking of permits, it seems New Zealand is moving in the opposite direction from countries like Chile, Colombia, and Mexico where permitting mining operations has been getting harder. Instead OGC highlights the recent introduction by the NZ government of the Fast Track Approvals Bill, which is designed to fast-track the approval process for development projects, including mining. OGC believes that the North Waihi project, which includes Wharekirauponga, is a strong candidate for this process.
Message 34596518 |
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