Date: Jan 25, 2019
The company hopes to update its scoping study this quarter and produce a PFS by July.
OVERVIEW: KRRTHE BIGPICTURESpeewah has the largest vanadium in titanomagnetite-hosted resource in Australia
King River Resources Ltd (ASX:KRR) has laid out its goals for 2019, hoping to present a prudent commercial strategy to investors for developing its Speewah vanadium deposits in Western Australia.
The company hopes to advance toward producing vanadium, titanium and iron products at the lowest possible unit costs.
King River non-executive chairman Anthony Barton spoke to Proactive Investors’ Stocktube video channel last week, highlighting King River was looking to update its Speewah Vanadium-Titanium-Iron Project scoping study by late March 2019.
READ: King River Resources advancing new vanadium-titanium-iron development plan for Speewah
The chairman also flagged a late-July 2019 completion of the Speewah project pre-feasibility study (PFS).
Barton said in the Proactive elevator pitch: “The Speewah project has genuine potential of producing a diversified range of metal and related products including vanadium, alumina, iron, magnesium, fluorspar and titanium.”
The project has the largest vanadium in titanomagnetite-hosted resource in Australia.
Investors in the company pulled out key takeaways from the presentation attracting attention online.
These included the success this month of sulphuric acid leach test work at the project and the months the company hopes to deliver the updated Speewah scoping study and new PFS.
Barton affirmed: “King River is hoping that the current run of encouraging test work will enable us to present our shareholders with a new scoping study by late March of 2019, and hopefully a pre-feasibility study around July of 2019.
