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King River Copper Ltd.
Summary
| Project: | Speewah | |
|---|---|---|
| Deposit: | Speewah | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron | |
| Date: | 11/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-11-2018: King River Copper Ltd. announces a Scoping Study report for its Speewah deposit at the Speewah project. Initial scoping study for Speewah vanadium project. King River Copper Limited (ASX: KRC) is pleased to provide this Scoping Study update on | |
| Resources: | (Resource, Total): 4.712Mt @ 0.3% V2O5, 2% Ti, 14.9% Fe at Speewah | |
| CP/QP: | [Overall Report]: Ken Rogers (Internal) | |
| ABSTRACT: | King River Copper Limited (ASX: KRC) is pleased to provide this Scoping Study update on its 100% owned Vanadium-Titanium-Iron Project at Speewah (“SVP”), located 110 km southwest of Kununurra in Western Australia. The SVP consists of a laterally extensive magnetite gabbro that hosts vanadium-titanium-iron (VTi-Fe) mineralisation. The Scoping Study presents the SVP as a cohesive project that demonstrates a viable business case for further development. This Scoping Study, compiles for the first time, work that has spanned the last decade, consisting of detailed analysis of geology; metallurgy; processing; product range; environment and social aspects of the project. The base case used in the study has demonstrated to KRC that improvements in the business case might be made by reducing capital costs, enhancing project efficiency through various processing methods being trialed, production of additional higher value, higher purity products, and incorporating the recent improvements in the V2O5 sale price. KRC will be primarily focused in coming months on further investigating the leaching processing options that were reported to the ASX on 15 October 2018, by scaling up of bottle roll testing, at different particle sizes and coarser concentrate specifications, to thoroughly investigate the heap, dump or vat leach potential at Speewah. The Board will authorise the commencement of a Pre-feasibility Study (PFS) early in 2019 after current heap leach analysis has been completed. This PFS will be completed to a standard that will allow reporting an Ore Reserve and a much more detailed economic analysis. | |
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