There's going to be a lot happening from now until July, prior to DFS in May. They will increase the size of the plant. Adding this additional process train into the scope of the DFS will open up more market opportunities for High Purity Metals giving it the option to produce either of the products depending on market demand. COMO Engineers have confirmed that this scope can be added into the DFS with no immediate impact to the project schedule. (Ann 16-03-2022) The new process route also facilitates the direct production of other aluminum precursors which are under ongoing investigation by the laboratory.
May 2022: Definitive Feasibility Study (DFS)
May 2022: Planned drilling Kurundi Main prospect
July 2022: Options expiry
5 October 2022 Announcement
The DFS will be completed by early May 2022 and produce a Capital Cost Estimate and Operating Cost Estimate both to +/-15% accuracy as per AusIMM Class 3 (± 15%) level requirements. The DFS will cover Process and Non-Process Infrastructure Engineering Design, Execution Planning and Risk Management. Definitive Feasibility Study: 2000tpa HPA Type 1 Precursor Production Facility. The DFS remains on track to be completed by early May 2022 (As per ASX release 5 Oct 2021)
18-02-2022 Announcement
Drilling is planned to commence in May at theKurundi Main prospect to test high grade grab sample results. With reconnaissance and geophysical programmes continuing throughout the year to identify new targets and progress existing targets
For those new to KRR, here are some links and information to read through.KRR
https://kingriverresources.com.au/
https://www.marketindex.com.au/asx/krr
King River Resources Limited is an Australia-based exploration and mining company. The Company is focused on the delivery of high-value 4N & 5N high purity alumina (HPA) used in clean energy and high technology applications. Its projects include the Speewah Project, Mount Remarkable Project and Tennant Creek Project. The Speewah Project covers Australia's vanadium-in-magnetite deposit hosting potential for high purity alumina (HPA), vanadium (V), titanium (Ti), and iron (Fe) extraction. Speewah Project also owns the high-grade Windsor fluorite deposit, with end uses in the steel, aluminium, and chemical industries. The Mount Remarkable Project is located approximately 200 kilometres south-west of Kununurra in the East Kimberley, Western Australia. It also covers approximately 3,000 square kilometres of adjacent exploration leases under application. The Tennant Creek Project covers approximately 6,000 square kilometres of gold exploration leases and applications.
Australian mining
https://www.australianmining.com.au/news/silicon-hpa-recognised-in-critical-minerals-strategy/
Digital forum
Market O graphics
https://marketographics.com/high-purity-alumina-hpa-market-trends-is-forecast-to-reach-usd-11-32-billion-by-2027-says-reports-and-data/
Matt Birney
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