# Karora Resources Drills 13.7% Ni over 2.6 metres, 12.0% Ni over 2.9 metres, and 15.4% Ni over 0.6 Metres Further Demonstrating the High-Grade Potential of the Open-Ended 50C Nickel Trough

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc

Original source: https://money.tmx.com/en/quote/KRR/news/7003756017512951/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4

Publisher: tmx

Original announcement: 2024-02-26T12:32:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Karora Resources Inc.

- Ticker: KRR

- Exchange: TSX

- Region: Western Australia

- Primary commodity: Nickel

- Secondary commodities: None reported

- Document categories: Drill results, Resource update

- Extracted: 2026-09-18 07:13:04 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Karora Resources reported high-grade nickel drill results from its 50C Nickel Trough at the Beta Hunt project in Western Australia, with intercepts including 13.7% Ni over 2.6 metres and 15.4% Ni over 0.6 metres. This infill drilling program is designed to upgrade and extend the existing Gamma Block nickel resource, which currently stands at 197kt at 3.0% Ni in M&I and 317kt at 2.7% Ni in Inferred categories. The company highlights the open-ended nature of the mineralization and the potential for further resource expansion, supported by robust QA/QC protocols.

Reasoning: Karora Resources announced strong high-grade nickel drill results from infill drilling at its 50C Nickel Trough, part of the Beta Hunt project in Western Australia. The drilling aims to upgrade and extend the existing Gamma Block nickel resource, which is already high-grade but relatively small in contained metal. The project shows potential for further extension along strike and benefits from existing mining infrastructure.

- Positive factor: High-grade nickel intercepts, some exceptional

- Positive factor: True width disclosed for drill intercepts

- Positive factor: QA/QC procedures are well-documented and compliant with JORC/NI 43-101

- Positive factor: Infill drilling aims to upgrade and extend existing resource

- Positive factor: Resource remains open along strike, indicating further potential

- Positive factor: Existing infrastructure at Beta Hunt supports both gold and nickel mining

- Negative factor: Some high-grade intercepts are over very narrow widths, impacting grade-thickness product

- Negative factor: Contained metal for the Gamma Block resource is relatively small despite high grade

Facts used in scoring: 18

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 18. Some facts used in scoring do not have a stored record.

## Drill Results (14)

### G50-22-23NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-0)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-23NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 8.8
- Grade Unit: %
- Intercept: 3.5 m
- True Width: 3.3 m
- From: 45.3 m
- To: 48.8 m
- Hole Depth: 75.1 m
- Intercept Depth: 45.3 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-23NE:45.3-48.8
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376312
- Northing: 6541761
- Elevation: -315.6 m
- Azimuth: 206.9 °
- Dip: 67 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: High-grade nickel intercept with good true width and strong grade-thickness product, contributing positively to resource confidence.

- Positive factor: Exceptional nickel grade \(8.8% Ni\)

- Positive factor: True width disclosed \(3.3m\)

- Positive factor: Strong grade-thickness product \(29.04 %·m\)

Evidence · table

> 8.8

Context: 3.5

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 3.3

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-24NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-1)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-24NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 1.6
- Grade Unit: %
- Intercept: 0.3 m
- True Width: 0.3 m
- From: 50.8 m
- To: 51.1 m
- Hole Depth: 86.8 m
- Intercept Depth: 50.8 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-24NE:50.8-51.1
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -317 m
- Azimuth: 215.8 °
- Dip: 50.4 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: Low materiality due to very narrow width, despite moderate nickel grade.

- Negative factor: Very narrow intercept length

- Negative factor: Weak grade-thickness product \(0.48 %·m\)

Evidence · table

> 1.6

Context: 0.3

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.3

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-24NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-2)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-24NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 3.2
- Grade Unit: %
- Intercept: 0.3 m
- True Width: 0.3 m
- From: 54.5 m
- To: 54.7 m
- Hole Depth: 86.8 m
- Intercept Depth: 54.5 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-24NE:54.5-54.7
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -317 m
- Azimuth: 215.8 °
- Dip: 50.4 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: High-grade intercept but over a very narrow width, limiting overall materiality.

- Positive factor: Exceptional nickel grade \(3.2% Ni\)

- Negative factor: Very narrow intercept length

- Negative factor: Weak grade-thickness product \(0.96 %·m\)

Evidence · table

> 3.2

Context: 0.3

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.3

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-25NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-3)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-25NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 15.4
- Grade Unit: %
- Intercept: 0.7 m
- True Width: 0.6 m
- From: 52.3 m
- To: 52.9 m
- Hole Depth: 119.8 m
- Intercept Depth: 52.3 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-25NE:52.3-52.9
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -318.1 m
- Azimuth: 218.3 °
- Dip: 35.8 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: Exceptional high-grade nickel intercept, but its very narrow width limits overall materiality despite the bonanza grade.

- Positive factor: Bonanza Intercept \(15.4% Ni\)

- Positive factor: True width disclosed \(0.6m\)

- Negative factor: Very narrow intercept length

- Negative factor: Weak grade-thickness product \(10.78 %·m\)

Evidence · table

> 15.4

Context: 0.7

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.6

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-26NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-4)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-26NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 2.1
- Grade Unit: %
- Intercept: 0.4 m
- True Width: 0.3 m
- From: 85.8 m
- To: 86.2 m
- Hole Depth: 122.9 m
- Intercept Depth: 85.8 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-26NE:85.8-86.2
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -318.9 m
- Azimuth: 220.2 °
- Dip: 22.3 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: High-grade intercept but over a very narrow width, limiting overall materiality.

- Positive factor: Exceptional nickel grade \(2.1% Ni\)

- Negative factor: Very narrow intercept length

- Negative factor: Weak grade-thickness product \(0.84 %·m\)

Evidence · table

> 2.1

Context: 0.4

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.3

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-26NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-5)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-26NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 8.2
- Grade Unit: %
- Intercept: 7.1 m
- True Width: 5.1 m
- From: 87.9 m
- To: 95 m
- Hole Depth: 122.9 m
- Intercept Depth: 87.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-26NE:87.9-95
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -318.9 m
- Azimuth: 220.2 °
- Dip: 22.3 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: Significant high-grade nickel intercept with good true width and strong grade-thickness product, indicating strong mineralization.

- Positive factor: Exceptional nickel grade \(8.2% Ni\)

- Positive factor: Moderate intercept length \(7.1m\)

- Positive factor: True width disclosed \(5.1m\)

- Positive factor: Strong grade-thickness product \(41.82 %·m\)

Evidence · table

> 8.2

Context: 7.1

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 5.1

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-26NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-6)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-26NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 22.8
- Grade Unit: %
- Intercept: 0.3 m
- True Width: 0.2 m
- From: 88.6 m
- To: 89 m
- Hole Depth: 122.9 m
- Intercept Depth: 88.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-26NE:88.6-89
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -318.9 m
- Azimuth: 220.2 °
- Dip: 22.3 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: Extremely high-grade nickel intercept, but its very narrow width limits overall materiality despite the bonanza grade.

- Positive factor: Bonanza Intercept \(22.8% Ni\)

- Positive factor: True width disclosed \(0.2m\)

- Negative factor: Very narrow intercept length

- Negative factor: Weak grade-thickness product \(6.84 %·m\)

Evidence · table

> 22.8

Context: 0.3

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.2

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-26NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-7)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-26NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 2.3
- Grade Unit: %
- Intercept: 3.7 m
- True Width: 2.7 m
- From: 98.7 m
- To: 102.4 m
- Hole Depth: 122.9 m
- Intercept Depth: 98.7 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-26NE:98.7-102.4
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -318.9 m
- Azimuth: 220.2 °
- Dip: 22.3 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: High-grade nickel intercept with good true width, contributing positively to resource confidence.

- Positive factor: Exceptional nickel grade \(2.3% Ni\)

- Positive factor: True width disclosed \(2.7m\)

- Positive factor: Weak grade-thickness product \(8.51 %·m\)

Evidence · table

> 2.3

Context: 3.7

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.7

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-26NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-8)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-26NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 1.6
- Grade Unit: %
- Intercept: 1.1 m
- True Width: 0.8 m
- From: 104.6 m
- To: 105.6 m
- Hole Depth: 122.9 m
- Intercept Depth: 104.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-26NE:104.6-105.6
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -318.9 m
- Azimuth: 220.2 °
- Dip: 22.3 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: Strong nickel grade over a narrow width, contributing to overall mineralization understanding.

- Positive factor: Strong nickel grade \(1.6% Ni\)

- Positive factor: True width disclosed \(0.8m\)

- Negative factor: Weak grade-thickness product \(1.76 %·m\)

Evidence · table

> 1.6

Context: 1.1

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.8

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-26NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-9)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-26NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 5.1
- Grade Unit: %
- Intercept: 0.7 m
- True Width: 0.5 m
- From: 115.4 m
- To: 116.1 m
- Hole Depth: 122.9 m
- Intercept Depth: 115.4 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-26NE:115.4-116.1
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -318.9 m
- Azimuth: 220.2 °
- Dip: 22.3 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: High-grade nickel intercept over a narrow width, contributing to the understanding of high-grade zones.

- Positive factor: Exceptional nickel grade \(5.1% Ni\)

- Positive factor: True width disclosed \(0.5m\)

- Negative factor: Very narrow intercept length

- Negative factor: Weak grade-thickness product \(3.57 %·m\)

Evidence · table

> 5.1

Context: 0.7

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.5

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-27NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-10)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-27NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 5.7
- Grade Unit: %
- Intercept: 0.1 m
- True Width: 0.1 m
- From: 84.1 m
- To: 84.2 m
- Hole Depth: 122.8 m
- Intercept Depth: 84.1 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-27NE:84.1-84.2
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -318.8 m
- Azimuth: 230.2 °
- Dip: 22.1 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: Very high-grade nickel but over an extremely narrow interval, limiting its overall significance.

- Positive factor: Exceptional nickel grade \(5.7% Ni\)

- Negative factor: Extremely narrow intercept length

- Negative factor: Weak grade-thickness product \(0.57 %·m\)

Evidence · table

> 5.7

Context: 0.1

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.1

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-27NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-11)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-27NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 12
- Grade Unit: %
- Intercept: 4 m
- True Width: 2.9 m
- From: 105 m
- To: 109 m
- Hole Depth: 122.8 m
- Intercept Depth: 105 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-27NE:105-109
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -318.8 m
- Azimuth: 230.2 °
- Dip: 22.1 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: Significant high-grade nickel intercept with good true width, indicating strong mineralization and potential for resource upgrade.

- Positive factor: Exceptional nickel grade \(12.0% Ni\)

- Positive factor: True width disclosed \(2.9m\)

- Positive factor: Strong grade-thickness product \(34.8 %·m\)

Evidence · table

> 12.0

Context: 4.0

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.9

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-27NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-12)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-27NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 23.5
- Grade Unit: %
- Intercept: 0.4 m
- True Width: 0.3 m
- From: 105.6 m
- To: 106 m
- Hole Depth: 122.8 m
- Intercept Depth: 105.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-27NE:105.6-106
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -318.8 m
- Azimuth: 230.2 °
- Dip: 22.1 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: Extremely high-grade nickel intercept, but its very narrow width limits overall materiality despite the bonanza grade.

- Positive factor: Bonanza Intercept \(23.5% Ni\)

- Positive factor: True width disclosed \(0.3m\)

- Negative factor: Very narrow intercept length

- Negative factor: Weak grade-thickness product \(9.4 %·m\)

Evidence · table

> 23.5

Context: 0.4

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.3

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

### G50-22-28NE

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-drill-facts-13)

Beta Hunt · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: G50-22-28NE
- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 4.1
- Grade Unit: %
- Intercept: 1.9 m
- True Width: 1.2 m
- From: 120.1 m
- To: 122 m
- Hole Depth: 156 m
- Intercept Depth: 120.1 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: G50-22-28NE:120.1-122
- Mining Method: underground

#### Location

- Location: 50C Nickel
- Easting: 376311
- Northing: 6541760
- Elevation: -319.2 m
- Azimuth: 229.1 °
- Dip: 13.5 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Australia Mineral Services of Kalgoorlie
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: High-grade nickel intercept over a narrow width, contributing to the understanding of high-grade zones.

- Positive factor: Exceptional nickel grade \(4.1% Ni\)

- Positive factor: True width disclosed \(1.2m\)

- Negative factor: Weak grade-thickness product \(4.92 %·m\)

Evidence · table

> 4.1

Context: 1.9

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.2

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This potential is highlighted by historical surface drill hole LD4022 which intersected 9.5 metres \(downhole\) grading 11"

## Resource Estimates (4)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-resource-facts-14)

Beta Hunt · nickel

#### Identity

- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: KRR

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc, ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Devlin
- Resource group id: resource:13db17ceed33f4e79d4e
- Deposit or zone: Gamma Block

#### Resource Data

- Category: indicated
- Tonnes: 197000
- Grade: 3
- Grade Unit: %
- Contained Metal: 6000
- Contained Unit: t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: High-grade Measured and Indicated resource for the Gamma Block, providing a solid foundation for future mining, though contained metal is relatively small.

- Positive factor: World-class nickel grade \(3.0% Ni\)

- Positive factor: Moderate M&I confidence \(38.3%\)

- Positive factor: JORC and NI 43-101 compliant

- Negative factor: Contained metal below weak threshold \(6,000 t Ni\)

Evidence · text

> The Gamma Block \(including the 50C\) is a new nickel area at Beta Hunt and Karora is poised to be the first company to mine nickel from this zone. Drilling Results Results received for the first six drill holes of the 50C infill drill program delivered some of the highest-grade nickel intersections recorded from the 50C to date, highlighting the potential to upgrade and extend the existing Nickel Mineral Resource. The high-grade intersections are associated with massive sulphide, dominated by nickel sulphide mineral pentlandite, occurring on both the ultramafic/basalt contact and basalt/basalt pinch positions. Significant intersections 1 are summarised below: G50-22-26NE: 8.2% Ni over 5.1 metres, including 13.7% over 2.6 metres, 2.3% Ni over 2.7 metres and 5.1% Ni over 0.5 metres G50-22-27NE: 12.0% Ni over 2.9 metres G50-22-23NE: 8.8% Ni over 3.3 metres G50-22-25NE: 15.4% Ni over 0.6 metres G50-22-28NE: 4.1% Ni over 1.2 metres Estimated True Widths Compliance Statement \(JORC 2012 and NI 43-101\) The disclosure of scientific and technical information contained in this news release has been reviewed and approved by Stephen Devlin, FAusIMM, Chief Geological Officer, Karora Resources Inc., a Qualified Person for the purposes of NI 43-101. At Beta Hunt all drill core sampling is conducted by Karora personnel. Samples for gold analysis are shipped to SGS Mineral Services of Kalgoorlie for preparation and assaying by 50 gram fire assay analytical method. All gold diamond drilling samples submitted for assay include at least one blank and one Certified Reference Material \("CRM"\) per batch, plus one CRM or blank every 20 samples. In samples with observed visible gold mineralization, a coarse blank is inserted after the visible gold mineralization to serve as both a coarse flush to prevent contamination of subsequent samples and a test for gold smearing from one sample to the next which may have resulted from inadequate cleaning of the crusher and pulveriser. The lab is also required to undertake a minimum of 1 in 20 wet screens on pulverised samples to ensure a minimum 85% passing at -75µm. Samples for nickel analysis are shipped to SGS Australia Mineral Services of Kalgoorlie for preparation. Pulps are then shipped to Perth for assaying. The analytical technique is a four acid digest ICP-AES package. Assays recorded above the upper detection limit \(25,000ppm Ni\) are re-analyzed using the same technique with a greater dilution \(ICP43B\). All samples submitted for nickel assay include at least one CRM per batch, with a minimum of one CRM per 20 samples. Karora operates an industry best practice QA/QC process to ensure the integrity of all assay results. About Karora Resources Karora is focused on increasing gold production at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations in Western Australia . Ore is processed at two centralized plants: the 1.6 Mtpa Higginsville mill and the 1.0 Mtpa Lakewood mill, both located near our mining operations. At Beta Hunt, a robust gold Mineral Resource and Reserve is hosted in multiple gold shears, with gold intersections along a 5 km strike length remaining open in multiple directions. Higginsville has a substantial Mineral gold Resource and Reserve and prospective land package totaling approximately 1,900 square kilometers. Karora has a strong Board and management team focused on delivering shareholder value and responsible mining, as demonstrated by Karora's commitment to reducing emissions across its operations. Karora's common shares trade on the TSX under the symbol KRR and on the OTCQX market under the symbol KRRGF. Cautionary Statement Concerning Forward-Looking Statements This news release contains "forward-looking information" including without limitation statements relating to planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, and resource modelling. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Karora to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities \(known and unknown\); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Karora 's filings with Canadian securities regulators, including the most recent Annual Information Form, available on SEDAR+ at www.sedarplus.ca . Although Karora has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Karora disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. Table 1: Beta Hunt 50C Nickel Results – 1 st January 2024 – 18th February 2024 Target/Prospect Hole ID Sub interval From \(m\) To \(m\) Downhole Interval \(m\) Est.True Width \(m\) 2. Ni % 1. 50C Nickel G50-22-23NE 45.3 48.8 3.5 3.3 8.8 G50-22-24NE 50.8 51.1 0.3 0.3 1.6 54.5 54.7 0.3 0.3 3.2 G50-22-25NE 52.3 52.9 0.7 0.6 15.4 G50-22-26NE 85.8 86.2 0.4 0.3 2.1 87.9 95.0 7.1 5.1 8.2 including 88.6 89.0 0.3 0.2 22.8 98.7 102.4 3.7 2.7 2.3 104.6 105.6 1.1 0.8 1.6 115.4 116.1 0.7 0.5 5.1 G50-22-27NE 84.1 84.2 0.1 0.1 5.7 105.0 109.0 4.0 2.9 12.0 including 105.6 106.0 0.4 0.3 23.5 G50-22-28NE 120.1 122.0 1.9 1.2 4.1 1. Reported gold grades > 1.0% Ni including up to 1m of <1.0% Ni 2. Estimated true widths applied where known. Interval lengths are downhole widths where Estimated true widths cannot be determined with available information. Table 2 Beta Hunt - Drillhole Collars for 50C Nickel Results received 1 st January 2024 – 18th February 2024 Target/Prospect Hole ID MGA\_N MGA\_E mRL DIP AZI Total Length \(m\) 50C G50-22-23NE 6541761 376312 -315.6 67.0 206.9 75.1 G50-22-24NE 6541760 376311 -317.0 50.4 215.8 86.8 G50-22-25NE 6541760 376311 -318.1 35.8 218.3 119.8 G50-22-26NE 6541760 376311 -318.9 22.3 220.2 122.9 G50-22-27NE 6541760 376311 -318.8 22.1 230.2 122.8 G50-22-28NE 120.1 122.0 1.9 1.2 4.1 1. Reported gold grades > 1.0% Ni including up to 1m of <1.0% Ni 2. Estimated true widths applied where known. Interval lengths are downhole widths where Estimated true widths cannot be determined with available information. SOURCE Karora Resources Inc. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2024/26/c8579.html

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-resource-facts-15)

Beta Hunt · nickel

#### Identity

- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: KRR

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc, ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Devlin
- Resource group id: resource:e81cf9a1210fac343f7c
- Deposit or zone: Gamma Block

#### Resource Data

- Category: inferred
- Tonnes: 317000
- Grade: 2.7
- Grade Unit: %
- Contained Metal: 8200
- Contained Unit: t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: High-grade Inferred resource for the Gamma Block, indicating significant exploration potential but requiring further drilling to upgrade confidence and increase contained metal.

- Positive factor: World-class nickel grade \(2.7% Ni\)

- Positive factor: JORC and NI 43-101 compliant

- Negative factor: Inferred resource category \(lower confidence\)

- Negative factor: Contained metal below weak threshold \(8,200 t Ni\)

Evidence · text

> The 50C is part of the Gamma Block Mineral Resource which hosts 197k tonnes grading 3.0% Ni for 6,000 Ni tonnes in the Measured and Indicated category and 317k tonnes grading 2.7% Ni for 8,200 Ni tonnes in the Inferred category.

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-resource-facts-16)

Beta Hunt · nickel

#### Identity

- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: KRR

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc, ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Devlin
- Resource group id: resource:f8bba34aeb8cbec04a1e

#### Resource Data

- Category: indicated
- Contained Metal: 22300
- Contained Unit: t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: Total Measured and Indicated contained nickel tonnes for Beta Hunt, providing a high-confidence base for the project, though the overall scale is modest.

- Positive factor: JORC and NI 43-101 compliant

- Negative factor: Contained metal below weak threshold \(22,300 t Ni\)

Evidence · text

> The current total Beta Hunt Mineral Resource is 22,300 contained nickel tonnes in M&I category

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/karora-resources-drills-13-7-ni-over-2-6-metres-12-0-ni-over-2-9-metres-and-15-4--e2834167-80cd-4b70-9024-a4910336c4fc#fact-resource-facts-17)

Beta Hunt · nickel

#### Identity

- Project: Beta Hunt
- Commodity: nickel
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: KRR

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc, ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Devlin
- Resource group id: resource:35f45a8d331e6989b991

#### Resource Data

- Category: inferred
- Contained Metal: 13400
- Contained Unit: t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: Total Inferred contained nickel tonnes for Beta Hunt, indicating further exploration potential but requiring additional work to upgrade confidence.

- Positive factor: JORC and NI 43-101 compliant

- Negative factor: Inferred resource category \(lower confidence\)

- Negative factor: Contained metal below weak threshold \(13,400 t Ni\)

Evidence · text

> and 13,400 contained nickel tonnes in Inferred Mineral Resources.

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.