Highlights
- King River Resources has extended its on-market share buy-back program by 12 months.
- As of 4 July 2024, the company has repurchased over 25.30 million shares.
- The company is intensifying drilling at its Tennant Creek project with a $2 million commitment aimed at discovering high-grade copper-gold this year.
King River Resources Limited (ASX: KRR) has announced an extension of its on-market share buy-back program. The company plans to complete the buy-back of up to 155.35 million shares by 24 July 2025, extending the timeline by one year.
As of 4 July 2024, King River Resources has repurchased over 25.30 million shares as part of its existingbuy-back initiative.
About King River Resources
King River Resources operates as a gold exploration company with assets at Mt Remarkable in northern Western Australia and at Tenant Creek in the Northern Territory. The company’s current focus is on advancing drilling activities at its Tennant Creek project, supported by a $2 million budget aimed at identifying high-grade copper-gold deposits this year.
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KRR shares traded at AU$0.013 apiece at the time of writing on 5 July 2024.