News Articles for King River Resources

Hydrometallurgical testing by King River Resources has delivered 99.73 per cent pure titanium dioxide product from its 100 per cent owned Speewah specialty metals project in the Kimberley region of Western Australia. The company is aiming to develop a process flowsheet at the project that will produce high-purity vanadium and titanium products for use in vanadium flow batteries, master alloys and titanium oxide pigments.

King River has its sights on a free cash deluge from its proposed $204 million investment in a cutting-edge high-purity alumina manufacturing plant at Kwinana, south of Perth, after tabling a stunning set of numbers in its recently completed project pre-feasibility study. The plant is expected to deliver more than $190 million per annum in free cash flow over an initial 25-year operation.

ASX-listed King River Resources has advanced a chain of core pre-feasibility study activities for its Kwinana project in WA as it seeks to carve a niche in the increasingly lucrative global high purity alumina and downstream markets. The company is working to bring to life its immense Speewah Dome vanadium-in-magnetite project in the state's Kimberley region as a HPA feed source.

ASX-listed King River Resources has confirmed previously reported output of high-purity alumina at purity levels greater than 99.99 per cent from its Speewah Dome project in WA's Kimberley region via recently conducted assay tests. The Perth-based company says the high-purity alumina batches were produced by calcining high-purity precursor materials purified by its refining process from an industrial chemical feed stock material.

Things just got interesting for King River Resources at its immense Speewah Dome project in the Kimberley region of WA with its share price soaring 27 per cent on the back of news the company has produced high purity alumina at greater than 99.99 per cent purity. The company is currently looking to finish its ongoing feasibility study over the project.

Things are heating up for ASX-listed King River Resources after unearthing high-grade gold and copper at its as yet undrilled Kurundi Project in the Tennant Creek/Davenport region of the Northern Territory. An eye-catching rock chip sample grading 16.05 grams per tonne gold and 6.4 per cent copper leads an impressive suite of numbers across multiple locations from two newly acquired concessions.

ASX-listed explorer King River Resources says drilling has unearthed its richest, high-grade gold vein outside of the Trudi Main prospect at its Mount Remarkable gold project in WA's north-east Kimberley region. The first high grade, reverse circulation gold hit at its Jennifer North vein returned 2m at 8.44 g/t gold which included 1m going 14.8 g/t, within an overall 5m zone grading 3.45 g/t gold.

ASX-listed explorer King River Resources says drilling has encountered a new high-grade gold zone west of the Trudi Main epithermal quartz vein deposit at its Mount Remarkable gold project in WA's north-east Kimberley region. The stand-out intersection from the company's latest batch of drilling results from the project was 6m grading 5.25 g/t gold including 1m at 30.1 g/t.

At a time when steelmaking is receding from the Kwinana industrial estate, just south of Fremantle, high purity alumina aspirant King River Resources has identified the zone as the likely hub to house its planned High Purity Alumina facility. The company is now in discussions with the WA Department of Jobs, Tourism, Science and Innovation and also Development WA with regard to land sale and leasing issues.

King River Resources has elected to shift its strategic focus to its own recently identified leaching and refining process, utilising readily available aluminium chemical feedstocks, in what it says is a lower risk and faster path toward High Purity Alumina production. King River's recent lab testing has now confirmed the production of a high-purity precursor compound suitable for calcining into HPA.

King River Resources has successfully trialled its streamlined high-purity alumina processing route, utilising a readily available commercial aluminium feedstock to create an HPA precursor product. Metallurgical test work is currently underway on both this new precursor and the original precursor, manufactured from the company's Speewah ores, to create 4N HPA products at 99.99 per cent pure alumina.

King River Resources is vectoring in on high-grade gold prospects in the Northern Territory after uncovering buried ironstone host bodies in two drill holes on its ground. The holding, east of Tennant Creek, has produced anomalous assay results pointing to iron oxide-copper-gold indicators. The discoveries are coincident with gravity and magnetic anomalies which typically signal copper-gold-rich mineralisation in the region.

King River Resources is back in WA's East Kimberley region, with the drill rods turning again as the company chases more high-grade gold veins across its Mt Remarkable land package 60km south of its mammoth Speewah Dome speciality metals project. Its best historical drill result came from the Trudi vein in 2018 where it hit 4m at over 3.5 ounces to the tonne.

King River Resources program of metallurgical test work has hit upon a simplified purification process to produce a high-purity precursor compound to streamline the manufacture of a 4N HPA end product. The test work forms part of the company's PFS over its giant Speewah speciality metals project in WA's Kimberley region.

King River Resources is continuing to refine the feasibility study over its immense Speewah Dome high purity alumina project in the Kimberley region of WA, with recent developments including the streamlining of the HPA circuit to develop a product for use in technological applications.

King River Resources is targeting high-grade gold in the Northern Territory as drilling kicks off at the Lone Star prospect at Tennant Creek. The company is targeting a series of coincident magnetic-gravity anomalies that it is interpreting as potentially the geophysical signature for the high-grade copper-gold rich ironstone ore bodies found in the Tennant Creek mineral field.

ASX-listed King River Resources has been buoyed by tax credits of up to $975,000 under the Federal Government's exploration incentive scheme, with the explorer confirming the tax office has approved its application to participate in the Junior Minerals Exploration Incentive program. The tax credits can be distributed to its Australian resident shareholders who are issued new shares from any of its capital raisings in 2020-21.

ASX-listed explorer King River Resources is set to crank up the drill bit next month at its high-grade Mount Remarkable gold project in WA's East Kimberley region after delays caused by coronavirus pandemic restrictions. Bonanza near-surface gold hits from previous drilling included a best result of 4m grading 113.29 grams per tonne gold including 1m going more than 10 ounces per tonne.

Shares in King River Resources rose 20 per cent today after the Western Australian company said it would begin exploration activities next month, following COVID-induced delays.

King River Resources is on the home straight now as it looks to complete a pre-feasibility study on its Speewah high purity alumina project in the East Kimberly region of Western Australia. The company said it only has a handful of hydrometallurgical tests to polish off now before the final report can hit the streets. Mining, marketing and environmental studies have already been completed.

King River Resources is undertaking further hydrometallurgical test work on the high purity alumina, or “HPA”, that can be produced from its giant Speewah specialty metals project in the East Kimberly. Independent assay results and repeat analysis on the company's recent breakthrough production of a high value 99.99% “4N HPA” product will be tabled soon.

A refining breakthrough by King River Resources' has converted the aluminium oxide from its Central Vanadium deposit into a high value 99.99% high purity alumina, or “4N HPA” product. The company's decision to refocus on the aluminium content of the deposit has simplified its processing flowsheet ahead of the completion of its prefeasibility study that is looking to generate early cash flows from the Speewah project in the East Kimberly.

King River Resources and its consultants are pushing hard to achieve the holy grail of high purity alumina purity levels of 99.99% ahead of the tabling of a PFS for the ASX-listed company's giant Speewah HPA/titanium/vanadium/iron project in WA. King River recently pivoted away from titanium/vanadium/iron in favour of the highly sought after HPA product. All are present at the project.

King River Resources' plans to push its giant Speewah vanadium-titanium-iron deposit in Western Australia towards a definitive feasibility study have taken a strategic change of direction. The company is now firmly focusing on the opportunity around the aluminium oxide that is also contained within the deposit. Test work is pointing towards a small-scale start-up operation with a view to creating early cash flows from converting the aluminium oxide to high purity alumina.

King River Resources has received all assay results following a drilling campaign at its Mt Remarkable project in WA. A new mineralised zone 150 metres east of the main Trudi deposit with notable gold grades up to 2.42 grams per tonne has been identified. The best result to date from the Trudi Main vein is 6 meters grading 5.95 grams per tonne gold from a shallow depth of just 20 meters downhole.

King River's plans to push its giant Speewah vanadium, titanium and iron deposit in the East Kimberley towards a definitive feasibility study have been given a boost with the production of an almost pure, high purity alumina product, or “HPA” through further refinement of its metallurgical flowsheet. The pioneering company will now commence tests using the new HPA process to extract alumina directly from waste fractions.

King River Resources has wrapped up a drilling campaign at its high grade, Mt Remarkable project in WA and is now poised to provide more enticing assay results as the year draws to a close. The Trudi Main vein has again provided the goods for King River with 6 meters grading 5.95 grams per tonne gold from a very shallow depth of 20 meters downhole.

King River Resources' plans for the development of its giant Speewah vanadium, titanium and iron deposit in the East Kimberley have received another economic boost in the form of positive metallurgical findings as the company continues to optimise its flowsheet ahead of a pre-feasibility study. King River is on a metallurgical mission to the recover high purity alumina, with an updated process showing impressive extraction rates in excess of 90%.

King River Resources has again spotted visible gold in the drill samples from the Trudi Main vein prospect at its Mt Remarkable project in WA – a positive sign that will no doubt create some anticipation around the assay numbers when they come out. Historical intercepts at the project include 4m @ 113.29g/t including a staggering metre at 11 plus ounces to the tonne gold.

King River Resources has updated the resource at its Central deposit at the company's giant Speewah metals project in WA's Kimberley. As part of an investigation into additional revenue streams, the company has formally analysed the “alumina” and “magnesia” contents of the Central deposit and produced a 1.24 billion tonne resource grading 12.5% alumina and 4.7% magnesia.

King River Resources has outlined an update on its PFS work for the Speewah specialty metals project in the Kimberley region of WA, where it recently flagged a potential capital cost reduction by USD$152m to USD$524m. According to recommendations by consulting firm Como Engineers, the reduction could be achieved by reducing mining rates that are more aligned with a standard-size acid plant leaching circuit.

King River Resources is ratcheting up the dial at its Mt Remarkable gold project in the East Kimberley region of WA. The company has been completing rock chip sampling and taking geochemical soil samples across newly discovered gold-adularia veins. Anomalous gold and silver values have been returned from this emerging prospect and include 0.42 g/t gold and 11.9 g/t silver from rock chip samples.

King River Resources has flagged the potential to further reduce the estimated capital cost of its giant Speewah vanadium/titanium/iron project in WA's Kimberley region by USD$152m to USD$524m. According to a recommendation by Perth-based engineering firm, Como Engineers, the cost reduction could be achieved by reducing the planned start-up mining rate to correspond with a more standard-sized acid plant installation.

King River Resources has increased its footprint in the Northern Territory's Tennant Creek copper-gold belt with the application for two prospective new exploration licences. One of the licence applications contains the same geological formation hosting the Tennant Creek and Rover goldfields, while the other covers the historical Kurundi open pit and underground mine where rock sampling returned over 5g/t gold and up to 9.7% copper.

King River Resources has started reconnaissance geological exploration field programs and rock chip sampling over several newly granted exploration licences that lie along strike from its Mt Remarkable gold project near Kununurra, WA. The field work has already unearthed new occurrences of quartz-feldspar veining, similar to the very high-grade Trudi Vein system located at Mt Remarkable.

King River Resources has kicked off a 31-hole drilling program that seeks to define additional vanadium resources for its giant Speewah specialty metals project in WA's Kimberley region. The company has also tasked Perth-based engineering firm Como Engineers with seeking indicative pricing on alternative sulphuric acid plants suitable for the Speewah project and has started to develop a strategy to deal with project waste.

King River Resources' ongoing metallurgical test work for its giant Speewah specialty metals project in WA's Kimberley region has successfully produced an iron oxide product assaying 67% iron with low contaminants. The work has also produced an intermediate titanium product assaying 80% titanium dioxide that the company will seek to upgrade using various purification methods.

King River Resources could have another potential revenue stream for its massive Speewah specialty metals project in WA's Kimberley region after producing HPA during metallurgical test work. Further tests will be carried out to improve precipitation efficiency, reduce the amount of hydrochloric gas required and increase recycling of hydrochloric gas. The company also plans to find the best method for producing HPA.

King River Resources will recommence field exploration programs at its Mt Remarkable gold project near Kununurra, WA, later this month, to build on the success of last year's discovery of high-grade mineralisation centred on the Trudi Main Zone. The company has also been granted a new exploration licence that surrounds the main prospect area and contains structural geological targets similar to those defined at Trudi.

King River's decision to investigate acid processing at its giant WA Speewah vanadium- titanium-iron deposit is paying off, with a new engineering study pointing to potential big cuts in the estimated capex for the project. The company has been encouraged by the results and is on track to produce a pre-feasibility study in the September quarter for the project that houses the world's largest vanadium deposit.