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King River Resources to complete Speewah Specialty Metals PFS by the end of 2019

The Speewah project will be designed to produce different specifications of high purity alumina, titanium, vanadium, magnesium and iron products.

King River Resources Ltd - King River Resources to complete Speewah Specialty Metals PFS at the end of 2019
The company is focused on copper and gold exploration in the East Kimberley region of WA

King River Resources Ltd (ASX:KRR) has adopted a recommendation by Como Engineering to reshape the scale and timing of the Speewah Specialty Metals (SSM) pre-feasibility study (PFS).

Test work and recent optimisation studies have identified opportunities to materially reduce the start-up capital requirement to build the project without impacting operational margins.

Speewah PFS

The estimated capital costs of constructing a new beneficiation, agitation leaching, and metal recovery plant would be reduced to about $524 million.

This will be done by reducing the start-up mining rates to operationally correspond with a standard-sized acid plant installation that can produce more than 15 megawatts of electricity per year and 1,800 tonnes per day of sulphuric acid.

Components of the $4.7 billion tonne Speewah Specialty Metals Project will be designed around being modular and readily scaleable by nature to fund and expand the tonnages mined.

PFS completion

A new two-stage acid leaching process is also being investigated which may reduce current acid consumption volumes.

The completion of the PFS is now expected towards the end of 2019.

Quick facts: King River Resources Ltd

Price: 0.033 AUD

ASX:KRR
Market: ASX
Market Cap: $41.21 m
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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

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