King River Resources Ltd T.KRR.W

Primary Symbol: KRCLF

Metals & Mining Industrial Metals & Minerals

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.

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King River Resources Ltd > I think this is why we're up today!

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Comment by horace5on Jun 12, 2021 9:56pm

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Post# 33378664

RE:RE:RE:RE:I think this is why we're up today!

To my recollection the deal was that if and when Dunont was sold, Karora would get 15% of the net proceeds up to $40.2 million.So if Dumont were sold for say $1 billion, 15% of that would be $150 million - but we would only get our agreed upon $40.2 million. Put another way, as long as Dumont is sold for at least $268 million we will get our $40.2 mil

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