Kagara Drops Profit, Looks to Exploration

Mining Weekly reports Kagara (ASX:KZL) will invest heavily in exploration over the short term, after reporting poor financial results for the year.

The market news is quoted as saying,

At the Lounge Lizard nickel operations, in Western Australia, nickel production totaled 48 628 t of nickel ore, grading 3.6% nickel.

A further A$3-million to A$4-million would be spent on nickel exploration and development in the Forrestania region of Western Australia.

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