Australian explorer King River Resources Limited (ASX: KRR) has reported that it is completing new HPA testwork in parallel with the completion of the Speewah testwork and studies.
Significantly, it uses the Company’s new HPA process route but is trialing on alternative aluminum chemical feedstocks.
KRR completed metallurgical tests on a readily available aluminum chemical feedstock. Meanwhile, the testwork has established the likely production of a high purity HPA precursor with many fewer process steps than required on the Speewah feedstock.
TSW Analytical completed seven tests on the industrial aluminum compound sourced by KRR.
Following the announcement on 11 November 2020, KRR shares marked an uptick of 3.8%, trading at $0.027 (at 11:15 AM AEDT)