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King River Resources Ltd

King River Copper proposes a name change to King River Resources

The company’s gold/copper projects will be placed into a new 100% owned subsidiary.

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Name change is subject to shareholders approval

King River Copper Ltd (ASX:KRC) has embarked on an internal corporate restructuring, including a proposed change of name to King River Resources.

The Mt Remarkable gold discovery and other Western Australian copper/gold tenements and applications held outside the boundary of the Speewah Dome will be placed into a new 100% owned subsidiary called Kimberley Gold Pty Ltd.

The existing subsidiary, Speewah Mining Pty Ltd, will continue to own 100% of the vanadium, titanium, iron and fluorspar projects.

It is also proposed, subject to shareholders approval at the next formal meeting of shareholders, to change the name of the parent company to King River Resources Limited.

READ: King River Copper confirms more high-grade gold hits from Mt Remarkable Project

King River’s drill program is continuing to return significant drill results at its Mt Remarkable Project in the East Kimberley, Western Australia.

The latest results include three very high-grade intersections above the eastern end of the Trudi Grid area:

• 4 metres at 36.77g/t gold from 7 metres including 1 metre at 70.9 g/t gold;
• 3 metres at 29.53 g/t gold from 9 metres including 1 metre at 87.30 g/t gold; and
• 5 metres at 9.03 g/t gold from 8 metres including 1 metre at 28.10 g/t gold.

Quick facts: King River Resources Ltd

Price: $0.04

Market: ASX
Market Cap: $44.95 m
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King River Resources Ltd - Elevator Pitch

Anthony Barton, non executive chairman of King River Resources Ltd (ASX:KRR), pitches the company to investors. For more information visit https://kingriverresources.com.au/

on 24/1/19

2 min read