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King River Copper a leading ASX gainer with shares up 31%

Investors support the company’s multi-element strategy with more than 21 million shares traded today.
ASX chart with arrow pointing up
The company has this week had strong vanadium test work results

King River Copper Ltd (ASX:KRC) was a leading ASX gainer today, up almost 31% to an intra-day high of 12.5 cents on strong volume of more than 21 million.

Earlier this week the company reported successful hydrometallurgical tests on ore from the Speewah project in the East Kimberley region of Western Australia.

READ: King River Copper test work yields 99.51% vanadium

The tests, which are part of the company’s vanadium concept study into the production of vanadium, titanium and iron, produced a high-purity vanadium pentoxide powder assaying 99.51%.

Other products targeted in the test work include standard grade vanadium pentoxide flake grading >98%, titanium dioxide products grading >99%, iron oxide hematite, and vanadium electrolyte.

Future test work will aim to improve upon these positive results.

Scoping work is also underway on the fluorspar resources at Speewah.

READ: King River Copper drills further high-grade and visible gold at Mt Remarkable

King River has recently recommenced gold exploration at the Mt Remarkable project with high-grade, shallow intersections returned from drilling.

View full KRC profile View Profile

King River Copper Ltd Timeline

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