King River Resources Ltd T.KRR.W

Primary Symbol: KRCLF

Metals & Mining Gold

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 > Is gold pegged at $2150.00 ?

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Comment by MaterialsManon Jan 09, 2023 3:24pm

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Post# 35211842

RE:RE:Is gold pegged at $2150.00 ?

China annouced that it purchased 30 tons of gold in December. That makes over 60 tons in the last
two months. It is being suggested by certain gold gurus that this is very likely one of the major factors in gold's recent upward movement. Also, China appears to be negotiating with Saudi Arabia
to buy oil in Yuans tied to gold. This is very similar to what Russia has recently done. China seems hellbent on making it's currency more important in the scheme of things. Time will tell if gold speaks louder than fiat.

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