Vanadium Miners News For The Month Of July 2021
https://seekingalpha.com/article/4442508-vanadium-miners-news-for-the-month-of-july-2021?
From the article.
King River Resources [ASX:KRR] (formerly King River Copper)
King River holds 785 square kilometres of mineral leases covering a unique geological feature in the Eastern Kimberley of Western Australia, called the Speewah Dome. The company state on their website: "The focus of King River Copper Limited is the exploration for Gold, Silver and Copper." However, their deposits also contain vanadium.
On July 22, King River Resources announced:
Speewah Project - High purity TiO2. KRR plans to expand its Specialty Metals focus to develop a process flowsheet to produce high purity Vanadium Pentoxide [V2O5], Vanadium Electrolyte [VE], and Titanium Dioxide [TiO2] products, used in the manufacture of vanadium flow batteries [VFB], master alloys (Al-Ti-V materials), and titanium oxide pigments.
On July 26, King River Resources announced: "Quarterly activities report 30 June 2021." Highlights include:
Unit cash costs of A$8,987 (US$6,740) per tonne HPA, or A$8.99 (US$6.74)2 per kg HPA, during full production.
Annual EBITDA of A$193M (US$145M).
Annual pre-tax Free Cash Flow [FCF] of A$190M (US$142M).
Pre-production project capital cost estimate A$203.4M (US$152.6M).
Project NPV before tax A$1,043M (US$782M) and IRR before tax 50.8%.
You can view the latest investor presentation here.
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