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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 Farquaron Aug 24, 2022 12:27pm
457 Views
Post# 34917389

possible production for Q3

possible production for Q3So right now Krr is getting 300,000 tons of gold ore out of Beta Hunt via ramp #1....With the coarse gold now found and added to the mix, we could see the overall grade of the beta hunt ore go up to 3.2 g/t . This happened in Q4 of 2019 when they found a 3000-3500 ounce boulder which did bump up the overall grade of beta hunt to 3.2 g/t and really significantly increased their profitability for that quarter...So this time around we could see the same thing....If they process 300,000 tons of ore through ramp#1 and the net grade is 3.2 g/t .....300,000 x 3.2 = 960,000 grams divided by 31 = 30,967 ounces just from Beta Hunt alone ...if they were able to process 200,000 tons of ore from all their other deposits at a net grade of 2.4 g , we get 200k x 2.4 = 480,000 grams or 15,483 ounces ...30,967 + 15,483 = 46,450 gold ounces produced in Q3 which annualized = 185,803 ounces....If Krr could pull this off this Q3 or Q4 , the share price would explode upwards like a skud missile...Don't forget that they now have mill capacity of 650,000 tons per quarter...In the scenario above, they would only be processing 500,000 tons of ore with 150,000 tons to spare....In any event, this coarse gold that they found will significantly change their grades and their profitability...I hope they have in the tens of thousands of ounces of coarse gold on level 16 as this will be a game changer...
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