Good announcement released today if you read it. Few points that I liked are:
- The current focus is a 2,000tpa 5N Aluminium PrecursorPlant to minimise the CAPEX for entry into the market with a high rate ofreturn.
- The HPA Project is held through its wholly ownedsubsidiary High Purity Metals (HPM) aims to become a significant world producerof 99.999% (5N) Aluminium Precursor products and 99.99% (4N) HPA.
- HPM 4 is committed to commercialising the 5N AluminiumPrecursor and 4N HPA opportunities in a way that maximises the return oninvestment for our shareholders.
- HPM is positioning itself in the rapidly developingElectric Vehicle battery, LED and optics industries. HPM is focused ondeveloping the stand alone HPA Project.
- Vanadium, Titanium and Iron extraction. Speewah alsoholds the high-grade Windsor fluorite deposit, with end uses in the steel,aluminium and chemical industries.
- King River continues to evaluate the SpeewahVanadium-Titanium deposit to expand its specialty metals focus to become a highpurity vanadium pentoxide (V2O5) and titanium dioxide (TiO2) producer to takeadvantage of future expansions in the vanadium flow battery energy storage,Al-Ti-V super alloy and TiO2 pigment markets.
- King River is also re-evaluating its Speewah WindsorFluorspar deposit for the production of acid grade fluorspar (CaF2) and its usein making products for the battery supply chain.
- King river also continues its focus as an explorationmining company on its gold projects located at Mt Remarkable in the Kimberleyregion of northern Western Australia and at Tennant Creek in the NorthernTerritory. Mt Remarkable is a high-grade epithermal gold discovery providingexcellent opportunity for additional high-grade gold discoveries and the TennantCreek asset is prospective to identify high grade gold targets.
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