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King River Copper Ltd.
Summary
| Project: | Speewah | |
|---|---|---|
| Deposit: | Junction | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Magnesium | |
| Date: | 9/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-9-2019: King River Copper Ltd. announces an Exploration/Drilling Update report for its Junction deposit at the Speewah project. Drilling results incl. 56m @ 0.186% V, 0.33% V2O5, 3.33% TiO2, 14.31% Fe, 12.57% Al2O3, 4.30% MgO from 10m. King River Resou | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ken Rogers (Internal) | |
| ABSTRACT: | King River Resources Limited (ASX: KRR) is pleased to provide this Prefeasibility Study (“PFS”) update and recent drilling detail on the company’s 100% owned Speewah Specialty Metals (“SSM”) Project in the East Kimberley of Western Australia. KRR is designing a project process route incorporating the agitated tank leaching of concentrates using diluted sulphuric acid solutions. Scoping level capex and opex costings have supported the agitated tank concentrate leach option as the preferred process route to produce vanadium pentoxide (V2O5), titanium dioxide pigment (TiO2) and iron oxide (Fe2O3) products (refer KRR ASX releases 21 and 22 March and 2 April 2019). In addition, KRR has targeted other high value specialty commodities such as high purity alumina (“HPA”), magnesium oxide and vanadyl sulphate. The PFS is underway and is examining the optimum process route to extract these commodities based on the reshaped scaled operation reported in KRR ASX release 20 August 2019. KRR is aiming for the PFS to be completed towards year end 2019. This release provides an update on metallurgical testwork, PFS studies completed and underway, and the V, Ti, Fe drill results from the reverse circulation (“RC”) programme at the Junction Prospect. | |
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