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King River Resources (ASX:KRR) advancing HPA project at brisk pace

Highlights

  • King River Resources’ HPA project is focused on the successful production and commercialisation of HPA, AI precursors and p-CAMs.
  • The 4N HPA and 5N precursors are gaining traction in the electric vehicle battery, LED, and optics industries.
  • The DFS on a 2000tpa HPA Type 1 precursor production facility is anticipated to be completed by early May 2022.

King River Resources Limited (ASX:KRR) is making some eye-catching progress, with notable developments across its high purity alumina (HPA) project during the year.

The HPA project,  handled by KRR’s wholly owned subsidiary High Purity Metals, is focused on the successful production and commercialisation of HPA, AI precursors and precursor cathode active materials (p-CAMs). The Company intends to cash in on the growing market potential for 4N HPA and 5N precursors utilised in the electric vehicle battery, LED, and optics industries.

ALSO READ: King River Resources (ASX:KRR) appoints CEO for high purity metals division, stock jumps 4%

KRR is committed to commercialising opportunities for its high purity products in a way that maximises the return on investment for its shareholders. Keeping this in mind, the Company initially plans a 2,000tpa 5N precursor plant to minimise the CAPEX for entry into the market with a high rate of return.

ALSO READ: Inside King River Resources’ (ASX:KRR) HPA development journey

High Purity Metals Flowsheet

Source: KRR Presentation, dated 1 December 2021

Meanwhile, testing is ongoing with different feedstocks to broaden industry relationships and provide ESG benefits to others.

Let us review KRR’s recent progress in high purity metals development, building upon which the Company has designed its forward plans.

ALSO READ: King River Resources (ASX:KRR) rides high on joining $120M Future Battery Industries CRC

Developments concerning 5N Precursors

KRR is utilising the ARC (Aluminium chemical feedstock. Recrystallisation for purification. Finally Calcination) process to create 4N HPA and select aluminium salt-based 5N precursors. The ARC HPA process successfully treats locally available chemical feedstocks, thereby eliminating the need for a Kimberly-based mining operation.

The Company recently successfully produced 5N precursor (Type 1 precursor), which can be calcined to create 4N HPA.

Receipt and assembly of the laboratory-scale pilot plant at Source Certain International (SCI) have been completed. Moreover, the commissioning is in progress to refine the process and produce Type 1 precursor product market samples for distribution.

Marking another development in the same space, KRR has also successfully produced the Type 2 precursor, an aluminium compound that can be combined with nickel and cobalt to produce a nickel-cobalt-aluminium (NCA)-based p-CAM.

Market potential for 5N precursors

Similar to HPA, 5N precursors also enjoy a wide range of applications across different industries. Owing to this fact, 5N precursors have become the focus of the Company strategy for commercialisation.

Market opportunities for 5N Precursors

Source: KRR Presentation, dated 1 December 2021

Demand for 5N precursors is an ever-evolving market. With the current EV and ESG revolution, the demand is expected to continue to surpass the supply of battery minerals and precursor products.

Ongoing developments concerning Type 1 Precursor

In October 2021, COMO Engineers was awarded the Definitive Feasibility Study, which would assess the feasibility of the Company’s 2000tpa HPA Type 1 precursor production facility. The DFS remains on track and is anticipated to be completed by early May 2022.

RELATED ARTICLE: King River Resources (ASX: KRR) awards DFS to Como Engineers

Laboratory work is ongoing, with laboratory pilot plant focused on producing samples to provide to the market. Meanwhile, SCI is committed to expanding on the range of precursor products, working on a variety of p-CAM products, and investigating alternate feedstocks.

ALSO READ: King River Resources (ASX:KRR) turbocharges activities towards HPA DFS

In essence, King River is advancing well to meet its objective of commercialising the 4N HPA and 5N precursor opportunities in the electric vehicle battery, LED, and optics industries.

KRR shares were trading at AU$0.023 midday on 2 December 2021.

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