King River Resources market price mounts with HPA progress

The exploration mining company, King River Resources, with holdings at Speewah and Mt Remarkable in the Kimberley region of northern Western Australia and at Tennant Creek in the Northern Territory reflects its share price mounting 27%, gliding on the news that the company has managed to produce high purity alumina at greater than 99.99% purity, also known as “4N HPA”.

Presently, the mining company is fully absorbed in its feasibility study over the project that also brags vanadium, iron and titanium, despite King River is now solidly focussed on the economics of producing high purity alumina from it.

High purity alumina is a gainful modern age mineral that has scores of uses comprising as a coating inside lithium batteries, as an iPhone face and even in LED that is rapidly replacing traditional filament bulbs.

King River strives to be one of the most remarkable world producers of high purity alumina outside of Japan, the USA, Europe and China.

According to King River: “The forecast growth for 4N HPA in 2023 is expected to be over 40,000 tonnes equating to 26.2% per annum.”

Source Certain International, the consultant: “Five 4N HPA batches were produced by calcining high purity precursor materials and purified by King River’s refining process.”

The company said: “The high-grade results come on the back of improvements in the decomposition of the precursor during calcination. Contamination elements such as silicon, chromium and iron reported in previous tests have now been reduced.”

However, the HPA samples will now be sent to an independent laboratory in Perth for verification.

The Speewah Dome project surrounds over 650 square kilometres of tenure and hosts a colossal resource of 4.7 billion tonnes at 0.3% vanadium pentoxide, 3.3% titanium dioxide and 14.7% iron. However, it is the high levels of alumina grading of 12.5% in the central part of the deposit that has been taking centre-stage in the ongoing pre-feasibility study.