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Highlights
- During the June quarter, KRR continued RC drilling and soil sampling across key gold-copper targets in the Northern Territory.
- At Kurundi, drilling returned an intercept of 4m @ 1.43g/t Au from a newly identified structure.
- Soil sampling at Kuiper identified gold, copper, and bismuth anomalies over key IOCG targets.
- Drilling at Kuiper is scheduled to begin in July 2025.
- Over 48 million shares have been bought back and cancelled under the ongoing on-market share buy-back program.
- As of 30 June 2025, the company maintained a cash position of AUD 4.2 million.
King River Resources Limited (ASX:KRR) has released its quarterly activities report for the period ended 30 June 2025, highlighting continued exploration momentum across its Tennant Creek gold-copper portfolio in the Northern Territory. The company’s exploration efforts remain focused on the Kurundi and Kuiper targets, supported by a dedicated AUD 2 million drilling budget to advance its IOCG (Iron Oxide Copper-Gold) and gold prospects.
Kurundi RC Drilling & Kuiper Soil Sampling
During the quarter, KRR completed additional reverse circulation (RC) drilling at the Kurundi Project, targeting gold anomalies, while also conducting soil sampling at the Kuiper IOCG targets within the Tennant East Project area. These activities are part of a broader follow-up campaign from the 2023 geophysics program, focused on regions geologically associated with known high-grade deposits such as Rover, Bluebird, and Mauretania.
Exploration Results Snapshot: Kurundi and Kuiper
In July, KRR provided an update on its 2025 exploration activities. These included results from the April 2025 RC drill program at Kurundi and encouraging results from soil sampling at the Kuiper IOCG geophysical targets.
At the Kurundi Gold Project, the April 2025 RC drilling (942m across 13 holes) returned encouraging gold mineralisation, including 4m @ 1.43g/t Au from a new structure northeast of Kurundi Main. While deeper drilling at Kurundi Main showed structural continuity, higher grades were limited, with one hole (TTRC184) indicating potential along a northern down-plunge trend.
At Kuiper, soil sampling revealed geochemical anomalies in gold, copper, bismuth, and other key IOCG pathfinder elements over coincident gravity and magnetic targets, supporting drill planning.
Upcoming Exploration Targets
The company has so far drilled across several prospects, including:
- Kurundi Main (four phases)
- Providence
- Langrenus
- Commitment
- Kurundi Regional targets (Millers, Mick and Petas, Tarragans)
Drilling at Kuiper is scheduled to begin in July 2025, supported by ongoing data interpretation and ionic leach soil sampling over high-priority targets. These efforts aim to refine drill targets at additional prospects, including:
- Rover East (BIF Hill East, Anomaly 5, Explorer 42)
- Pioneer Area 1 & 2
- EL31623 magnetic anomaly
- Barkly VTEM/magnetic targets
Financial Snapshot
As of 30 June 2025, KRR reported a cash position of around AUD 4.2 million.
In line with its capital management strategy, the company conducted a substantial on-market share buy-back during the quarter:
- 48.8 million shares repurchased for AUD 382,890, at an average price of AUD 0.0078 per share
- Post-quarter, an additional 10 million shares were repurchased at an average of AUD 0.008, totalling AUD 80,000.
The buy-back program is expected to conclude by 24 July 2025, with all repurchased shares to be cancelled accordingly.
KRR Shares Rally
Shares of KRR were trading at AUD 0.008, up over 14%, at the time of writing on 23 July 2025.
