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Karora shifts merger focus after ending talks with Ramelius

Karora's Higginsville mine in Western Australia

Karora's Higginsville mine in Western Australia

28th March 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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Karora Resources, a Western Australia-focused mining company listed on the TSX, announced on Wednesday that it has concluded discussions with Ramelius Resources and that it is now exploring potential merger opportunities with a new, undisclosed third party.

Karora and Ramelius previously confirmed exclusive negotiations regarding a potential corporate transaction.

However, despite efforts, no final agreement, including on value, could be reached, Ramelius revealed in a statement to the ASX on Thursday.

Karora owns the Beta Hunt gold mine and Higginsville gold operations in Western Australia.

Edited by Creamer Media Reporter

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