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King River Resources Ltd T.KRR.W


Primary Symbol: KRCLF

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.


OTCPK:KRCLF - Post by User

Post by horace5on Mar 21, 2022 1:25pm
171 Views
Post# 34531868

Australia (No. 2 Gold Producer) - Closing in on China

Australia (No. 2 Gold Producer) - Closing in on China

March 21, 2022 (Kitco News) - “Surbiton Associates, the Melbourne-based specialist gold consultancy, says that Australia is the world's second-biggest gold producer and at one time in the past year had looked as if it might displace China as the world No.1.”

 

According to the firm, Australian gold production in 2021 totaled 315 tonnes or 10.1 million ounces. This was lower than the peak production levels recorded in 2019 and 2020. The consultancy put local gold output for the first half of the 2021 year slightly ahead of China, but this was not sustained later in the year, so according to Surbiton's figures, Australia remains in second place globally.”

 

“A steady stream of announcements continues to flow into the Australian Securities Exchange, including reports on new discoveries, drilling results, capital raisings, and initial public offerings."

https://www.kitco.com/news/2022-03-21/Australia-is-the-world-No-2-for-gold-exports-according-to-Surbiton-Associates.html

 

 
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