Short Term Trading Week Starting: 23 Jul, page-42

KRC

23rd July 2018

High purity Vanadium Pentoxide produced assaying 99.51% V2O5.

King River Copper Limited (ASX: KRC) is pleased to provide this update on hydrometallurgical testwork completed by TSW Analytical Pty Ltd (“TSW Analytical”). This work is part of a Vanadium Concept Study into the production of high purity Vanadium Pentoxide powder (>99.5 V2O5) and standard grade Vanadium Pentoxide flake (>98% V2O5), Titanium Dioxide products (pigment and high purity >99% TiO2), iron oxide hematite and Vanadium Electrolyte (used in vanadium flow batteries) for input into a Scoping Study.

The significance of the above is that >99.5% V2O5 is battery grade. KRC had previously achieved 99.48% so its difficult to say how much this announcement is already priced in. It is likely to generate some hype. High chance of a 'sell the news' morning IMHO. The stock has a recent history of it as you can see below. I wouldn't expect today to be as big a spread as the examples below.