The Dense Media Separation magnetite (DMS) producing Broula DMS Mine is a previously producing magnetite and limestone mining project located 19km west of Cowra in NSW on Mining Lease 1616 with a JORC Code compliant mineral resource estimation of 1.13 Mt magnetite and 1.6 Mt limestone. The Broula DMS Mine is located on a fully granted mining lease permitted and approved for production of up to 170,000 tonnes of ore per annum. It has significant infrastructure, skilled labour and is located close to buyers.
The Mulholland Project consists of an exploration licence covering approximately 194 square kilometres between the Lachlan and Thompson Orogens of north-west NSW. The Company will explore the Mulholland Project with a focus on identifying and proving a mineral resource comprising of critical metals with a particular focus on REEs, nickel and tin.
The Bumbaldry Project consists of EL 8509 covering approximately 140 square kilometres located 19km west of Cowra in NSW and surrounding the Broula DMS Mine. The Company will explore the Bumbaldry Project with a focus on identifying and proving a mineral resource of copper and gold.
Karawara will recommence the Broula Magnetite Mine.
Over 7 years as magnetite producer for the coal industry.
Magnetite is used to make cleaner fuels, clean processing and many more applications
Low start up capital costs to commence production and cashflow positive within 12–18 months.
Indicative Net Profit of $218M, NPV of $111M over 19 years.
Opportunity to increase JORC resource to extend mine life.
Discussions are underway for forward sale of magnetite for Dense Media Separation.
Significant exploration potential in surrounding ELs and ground and Central NSW.
Karawara boasts an experienced Board and Management team.
Karawara has a strong focus on its Environmental, Social and Governance policies.
Near term revenues to build a significant Central NSW resources company.
Magnetite is a critical resource in fuelling clean energy – it can be used to separate contaminants from coal and lithium from rocks.
Agricultural Lime or Aglime is used throughout NSW for soil improvement and is in consistent demand.
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