King River Resources

Quarterly Activities/Appendix 5B Cash Flow Report

King River Resources Ltd (ASX: KRR) (“KRR” or the “Company”) received the final batch of assay results from phase 1 drilling for gold targets at the Kurundi Prospect (Figure 1) within the Tennant East Project area (KRR ASX release 6 November 2024).


Northern Territory Tennant Creek Gold-Copper Projects

This drilling is the second part of the KRR’s larger $2million drill budget to follow up on targets generated from the 2023 geophysics programme targeting prospective IOCG and gold areas at Rover East, Tennant East, Barkly and Kurundi, including multiple targets along strike of geophysical and geological trends associated with other known significant deposits of high-grade Copper and Gold including Rover, Bluebird and Mauretania (KRR ASX releases 8 March 2023, 31 May 2023 and 11 October 2023).

Figure 1: Tennant Creek Projects and recent exploration work (coloured polygons – KRR Tenements).

Last year, KRR allocated a $2million drill budget to follow up on targets generated from its extensive 2023 geophysics programme including targets at the Tennant Creek East, Rover East, Kurundi and Barkly Projects which are along strike of geophysical and geological trends associated with known deposits of high-grade copper and gold including Rover, Bluebird and Mauretania.


Click here for the full ASX Release

This article includes content from King River Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
Gold bars and financial graphs. Text reads: "Weekly Editor's Picks."

Editor's Picks: Gold, Silver Face Bumpy Week as Prices Drop, Then Rebound

It was a bumpy week for the gold price, which dropped to the US$4,370 per ounce level midway through the period before rebounding back above US$4,500.Silver put on a similar performance, bottoming out at US$72 per ounce.Both precious metals were reacting to a complex array of dynamics, including... Keep Reading...
A gold Krugerrand coin sits atop a pile of silver coins with musical instrument engravings.

Precious Metals News: Gold, Silver and PGM Price Floors Hold Up Against Headwinds

The precious metals complex is proving resilient in the face of intensifying macroeconomic headwinds and ongoing uncertainty over the direction of the conflict in the Middle East. Prices for gold, silver, platinum and palladium fell below key psychological levels this week on the back of hawkish... Keep Reading...
Dr. Stephen Leeb, gold bars.

Stephen Leeb: Gold Price to US$18,000? Here's How it Can Happen

Dr. Stephen Leeb of Leeb Capital Management shares his outlook for gold, explaining how the yellow metal could get to US$18,000 per ounce. "Gold's high point might not ever really be defined, because I think at the end of this period that we're in, you're going to find gold at the center of the... Keep Reading...
Brightstar Declares Final Investment Decision for Goldfields Project

Brightstar Declares Final Investment Decision for Goldfields Project

CONSTRUCTION OF 1.5MTPA LAVERTON PLANT COMMENCES – FIRST GOLD ON TRACK JUNQ’27

Brightstar Resources Limited (ASX: BTR) (Brightstar or the Company) is pleased to announce that its Board of Directors has approved the Final Investment Decision (FID) for the development of its 100% owned Goldfields Project in Western Australia. HIGHLIGHTSBoard approves Final Investment... Keep Reading...
Rick Rule, mine site.

Rick Rule: Gold, Silver, Oil, Uranium — Price Triggers, My Strategy Now

Rick Rule, proprietor at Rule Investment Media, outlines key factors affecting the resource sector today, highlighting the impact of the Iran war. He also explains what he's doing with his money right now, saying his portfolio is currently underweight when it comes to sub-$250 million market cap... Keep Reading...

Interactive Chart

Latest Press Releases

Related News