Date: Nov 2, 2018
King River Copper Ltd (ASX:KRC) has received the scoping study results for its 100% owned Speewah Vanadium–Titanium-Iron Project in Western Australia.
The scoping study’s objective was to determine the potential viability of an open pit mine with an on-site magnetic separation process followed by a hydro-metallurgical recovery of vanadium, titanium and iron.
The study presents a cohesive project that demonstrates a viable business case for further development.
Importantly, the scoping study sees a positive business case with a healthy cash flow margin that supports progression to the pre-feasibility study (PFS) stage.
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The preliminary infrastructure strategy is to establish the primary processing facilities on site.
