Date: Apr 02, 2019
Mining and exploration company, King River Resources Limited (ASX: KRR) is primarily focused on the development of its 100% owned global scale and class VANADIUM resource. On 1 April 2019, the company provided an amended resource estimate for its wholly owned Speewah Specialty Metals (SSM) Project, located in the Kimberley of Western Australia.
In 2017, the company engaged CSA Global Pty Ltd to report Mineral Resource estimates for their Speewah Project. The company recently requested CSA Global to amend the manner in which the Mineral Resource estimate was reported, such that Titanium dioxide (TiO2) was tabulated in addition to Titanium (Ti) which will allow for the direct comparison between resource grade and the metallurgical grade of magnetic magnetite-ilmenite concentrates and final refined products.
As per the amended mineral resource estimate, the Speewah deposits includes High Grade Measured, Indicated and Inferred Mineral Resource of 1,725 million tonnes at 0.35% Vanadium oxide (V2O5), 3.4% Titanium dioxide (TiO2) and 15.0% Iron (Fe). Further, the Speewah deposit also contains total low-grade mineral Measured, Indicated and Inferred Mineral Resource of 2,987 million tonnes.
