KRR stock price, page-178

I'd dare say @.05c. Because of the following below:

Dated: 23/04/2020
• Further HPA testwork and analysis are planned, including:
1. improving the Stage 2 purification efficiency;
2. increasing the calcination temperature and testing to ensure all the HPA phase is alpha-alumina;
3. reporting HPA to 3 decimal places.

Other Metallurgical Testwork
• Hydrometallurgical testwork are being finalised to improve overall recoveries and reduce reagent and acid consumptions for input into the PFS.
• Solvent extraction testwork is also underway to produce V2O5, TiO2 and Fe oxide products, using leachates from the magnetic magnetite-ilmenite concentrates. SPEEWAH PFS UPDATE 4N HPA PRODUCED PFS Plan KRR plans to initially scale the SSM project to HPA production, with V2O5, TiO2 and Fe oxide as coproducts at a later stage but not part of the PFS. This should significantly reduce the size of the project, with the potential to reduce the capex and maximise returns.

Directors Comments: The production of >4N HPA by our new Sulphuric Acid leach process is a very significant step forward for our SSM project and it has justified delaying the PFS to achieve this level of control and produce high specification material. Refocusing our PFS on a smaller project producing only high value HPA product has simplified our process flowsheet and it may deliver valuable improvements to project economics. The potential to add vanadium pentoxide and titanium dioxide into the product mix in the future will be under annual review.

Dated: 13/05/2020
As reported in KRR ASX release 23 April 2020, further hydrometallurgical work has continued to be undertaken for our HPA PFS to be finalised on completion of the following tests, including:
1. repeating the previously reported 4N HPA product test on a larger sample to repeat the >99.99% result and provide additional product for verification analyses;
2. an independent umpire assay of our >99.99% Al2O3 result (KRR ASX release 23 April 2020);
3. new equipment trials to increase the calcination temperature to ensure the HPA phase is all alpha alumina;
4. confirm our HPA is 100% alpha-alumina by an X-Ray Diffraction (XRD) analysis;
5. increase the Stage 2 purification efficiency.

In addition, the CSA Global mining study and Como Engineers plant and infrastructure design and costings are largely completed waiting on final model validation and review. The Company aims to release the PFS as soon as practicable on completion of these remaining outcomes.