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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 Oct 10, 2022 1:38am
549 Views
Post# 35015352

Krr should produce 200,000 ounces gold in 2023

Krr should produce 200,000 ounces gold in 2023Even if ramp #2 is not fully operational till Q3 /2023, Krr will still produce over 200 k gold in 2023..............Here's the math: If the average grade out of Beta Hunt is 2.5 g/t , ramp #1 will provide 300 k tonnes of ore x94% recovery = 22,741 ounces per quarter x 4 = 90,964 ounces in a full year of 2023.....If ramp #2 is open for 2 quarters then 300,000 tonnes x 2.5 g/t x 94% recovery = 22,741 per quarter x 2 = 45,482 ................so 45,482 + 90,964 = 136,446 ounces produced with ZERO coarse gold added in.................In the most recent quarter KRR produced 11,400 ounces from HGO ( higginsville mines) , so if they just maintain this amount for all of 2023 , 11,400 x 4 = 45,600 and so you add 45,600 +136,446 = 182,046 ounces produced so far from only around 410,000 tonnes of ore per quarter through the mills for 2 quarters = 810,000 tonnes and then the last 2 quarters at 710,000 tonnes /quarter for 1.42 million , so 810,000 + 1,420,000 = 2,240,000 tonnes of ore with zero coarse gold....Starting in 2023 Krr should have 2.8 million tonnes of mill capacity, or 700,000 tonnes per quarter...which means that they will have an extra surplus of 560,000 tonnes of surplus mill capacity for the year...Krr has a stockpile of 2.4 million tonnes @ .8 g/t.....Running 560,000 tonnes x .8 g/t @ 94% recovery = 13,584 ounces .......add 13,584 + 182,046 = 195, 630 ounces of gold produced. which is almost 200,000 .....again with no coarse gold added in......but if they ran 560 k tonnes of 1.34 g/t from another higginsville stockpile , we are now talking 22,754 and added to 182,046 you get 204,800 ounces produced.So, in my estimation Krr should reach 200k production in 2023.......If they can keep their AISC down around 1000$ , then we should expect a big re-valuation of this stock as soon as it becomes clear that krr is going to be running those 2 mills at full capacity in the coming months....
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