Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6

From chatGPT:

Here's a summary of the ASX Quarterly Report (31 March 2025) for King River Resources Ltd (KRR):

Exploration Activities

Kurundi Project (Gold & Copper)

• High-grade gold confirmed at Kurundi Main:

  • 7m @ 5.8g/t Au (including 1m @ 26g/t Au) in TTRC176

  • 11m @ 0.69g/t Au (TTRC175) showing deeper potential

• New mineralised structures and geophysical targets discovered in surrounding areas (e.g., Addisons 1, KE3)

• Kurundi Regional:

  • Tarragans returned up to 1.17g/t Au

  • Millers showed IOCG-style mineralisation (1m @ 0.7% Cu, 40ppm Bi)

Other Projects

• Tarragans North & South:

  • Intersected multiple shallow gold-bearing structures (up to 1.17g/t Au)

  • Arsenic association identified—future targeting via soil sampling

• Millers:

  • IOCG-style targets confirmed; promising structural corridors found

️ Upcoming Plans

• Further drilling at Kurundi (deeper targets + new structures)

• Priority IOCG drilling at Kuiper 1 & 2 (significant gravity/magnetic anomalies)

• Continued exploration across Rover East, Pioneer, and Barkly projects

Corporate & Financials

• Cash position: $5.34 million (end of March 2025)

• Investments:

  • 100 million shares in Tivan Ltd (TVN) valued at $9.3 million

  • 4 million TVN options (worth $20k)

• Speewah Project sale completed with no further payments due

• Share buy-back: 3.18 million shares repurchased for $25.4k

Expenditure

• Exploration: $87k

• Corporate/admin: $87k

• Net cash outflow (Q1 2025): $63k

• Funding runway: ~33 quarters at current burn rate