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 > One 60 ton truck load of 2.9% nickel VS 60t of 3.0 g gold

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Post by Farquaron Mar 23, 2022 10:21am

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Post# 34537471

One 60 ton truck load of 2.9% nickel VS 60t of 3.0 g gold

So as previously calculated , one 60 tonne truck load of 2.9% nickel ore would generate approx. $55,680 US gross revenue when nickel is 32$US/ kilo.....One 60 tonne truck load of 3.0 gram gold ore would generate about 5.8 ounces of gold x 1930$/ounce = $ 11,148.00 US gross revenue.........So , one 60t truckload of nickel ore generates 5 times more revenue than one 60t truck load of 3.0 gram gold ore.....Just something to ponder....

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