08/08/2026
Gold just closed another strong session — spot at US$4,342/oz (~A$6,600+), within striking distance of the 52-week high. ASX gold names ran hard: Genesis +6.1%, Evolution +3.1%, Northern Star +2.3%. Newmont and the VanEck Gold Miners ETF both up over 7% offshore.
This is the macro backdrop Karara Gold Limited is being spun out of StanAurum into — a Queensland gold play targeting an ASX listing.
▪ Four granted EPMs across the historic Stanthorpe goldfields (producing since 1863)
▪ 117.5 g/t Au at Pikedale Reef — ultra-high-grade
▪ >100 oz/t Au historic assay at Glenelg Reef
▪ 20,000+ oz historic alluvial production at Canal Creek
▪ JORC-compliant IGR by Martin Bennett, MAIG
▪ Executive Chairman & CEO: Tony Fawdon
Multiple mineralisation styles — orogenic, intrusion-related and alluvial — across one of Queensland's oldest goldfields, being brought to market into arguably the strongest gold tape of the cycle.
Right metal. Right jurisdiction. Right time.
General information only — not an offer of securities or financial advice.