Karo Mining, a subsidiary of JSE and London-listed Tharisa Mining plc, confirmed that its mining project is on track with the first plant concrete pour finished in June of this year and open pilot mining has begun. The first ore to the mill scheduled for the second half of 2024. In a trading update to June 30, 2023, Karo said after it commenced construction of bulk earthworks in December 2022, the first concrete was poured in June 2023. In the same month, open pit pilot mining commenced with the objective of optimising the mining methods and producing ore to further test and refine metallurgical processing. . During the third quarter, Gloria Zvaravanhu was appointed as an independent nonexecutive director and chairperson of the audit committee, while Rachel Rhodes resigned on June 5, whereupon Andrew Henwood was appointed FD.
04 October 2023
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EFE Research Desk