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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 26, 2022 3:07pm
145 Views
Post# 34548555

They were trying to sell their failing nickel mine ...

They were trying to sell their failing nickel mine ...

“And then, out of the blue at 3 a.m. on Sept. 3 — after Small and his team had collected the gold, washed it down and hired a security firm to take custody of it — Selby stumbled out of bed to use the bathroom, and saw a new email from Small on his phone. He opened it to find pictures of the gold strike.


‘I almost had my own Wikipedia entry for biggest chump in the mining industry,’ Selby said.”


“I must have done some good things in a past life, to have this much good luck in this life.”


“But gold wasn’t on Selby’s mind at the time … RNC bought the mine in 2016 — when the company was still called the Royal Nickel Corp. — because it was a nickel mine, and the company was interested in developing nickel projects.”


A deal to sell a failing nickel mine fell through, then they found gold - lots of gold


https://financialpost.com/commodities/a-deal-to-sell-a-failing-nickel-mine-fell-through-then-they-found-gold-lots-of-gold


 

 
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