Karora raises for Lakewood mill buy

TORONTO-based Karora Resources has decided to expand its presence in Western Australia’s Eastern Goldfields, announcing a fully underwritten raising to buy Golden Mile Milling’s Lakewood facility for A$80 million.

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Lakewood could have its third owner in a decade

For the past eight years Lakewood has acted as a tolling facility for smaller miners without resources and capital needed to construct their own facilities but, now the critical Goldfields facility