Karora Resources announced that it has entered into an agreement with Maverix Metals Inc (TSX:MMX, Not Covered) to reduce the gold royalty from 7.5% to 4.75% at its 100%-owned Beta Hunt mine in Kamblada, Western Australia. In our view, while this transaction mildly improves profitability, it should result in a material increase in exploration news from Beta Hunt, where the higher grades could be game-changing.