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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Post by horace5on May 26, 2022 10:59am

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Post# 34709048

Karora Resources: An Upgrade To The Investment Thesis

May 25, 2022

(Taylor Dart)

Karora announced that it would be acquiring the Lakewood Mill this week, giving it a second mill and an immediate boost to 2.6-2.8 million tonnes per annum of processing capacity.

This is a brilliant move by Karora's CEO, Paul Huet, providing potential haulage cost savings, de-risking the growth plan, and beefing up the company's long-term potential.

While the medium-term growth outlook is the same with Lakewood, assuming HGO's reserves can support an expansion, Karora has 250,000-ounce potential long-term with a mill expansion down the road.