Sponsored

King River Resources (ASX:KRR) Identifies Alternate path to HPA production

  • November 19, 2020 06:13 PM AEDT
  • Hina Chowdhary
    Hina Chowdhary
    Director, Equities Research Hina Chowdhary
    1706 Posts

    Hina Chowdhary is the Director, Equity Research at Kalkine and has an extensive experience of about 15 years in the area of Research, which includes 5+ years in Equities Research particularly.She has earned a Master of Science degree from the renowne...

King River Resources (ASX:KRR) Identifies Alternate path to HPA production

Summary

  • King River Resources has identified a more direct route to High Purity Alumina (HPA) production. The new leaching and refining route can be used on readily available aluminium (Al) chemical feedstocks derived from other industrial processes. 
  • The alternative and simpler production circuit does not require the development of associated mining, processing and logistical infrastructure up at the Company’s 100% owned Speewah Specialty Metals Project.
  • King River Resources anticipates the Speewah PFS to be finalised in Q1 2021, requiring some additional metallurgical testwork and engineering.
  • The recent HPA market report by CRU International supports strong demand and pricing of HPA in the future.

Australian exploration company King River Resources Limited (ASX: KRR) is ready to embrace a more direct path to complete a process design for High Purity Alumina (HPA) production. The new leaching and refining path can be directly utilised on an industrial aluminium chemical feedstock that is readily available. 

The alternative path with fewer processes has been identified from the ongoing Speewah PFS testwork and studies. It would ensure a lower-risk and faster way to produce HPA. It comes as a significant development for the Company, which has been committed to progressing the PFS on its 100% owned Speewah Specialty Metals (SSM) Project in the East Kimberley of WA. 

ALSO READ: King River Resources (ASX:KRR) Rides High on New HPA Testwork Update

HPA Production

The decision to deliver the PFS now involves employing the Company’s HPA process while utilising aluminium chemical feedstocks derived from other industrial processes. With the change in the direction, the HPA operation would be stationed at an industrial estate instead of at Speewah.   

Significantly, the new process route is expected to assist the Company in completing the PFS, fast-tracking HPA production and improving the business case. The decision follows the recent successful production of a high purity precursor compound from the industrial feedstock. The testwork is ongoing for further reducing impurity levels in the precursor compound and improving the HPA purity. 

ALSO READ: King River Resources (ASX:KRR) Kickstarts Drilling at Mt Remarkable Gold Project, Stock Zooms 7%

Benefits of Using Simpler Process Flowsheet

The alternative production circuit is a more straightforward process compared to the original process flow sheet and involves fewer purification steps. Furthermore, it does not require the development of a mining operation, acid plant, beneficiation plant, filtration, leach tanks, neutralisation, or tailings facilities. 

The decision also overcomes the need for associated infrastructure such as haul road, borefield, accommodation camp and airstrip that are required for a remote mining operation. Additionally, it would involve less transport of products and reagents.  

The preliminary CAPEX and OPEX costings lately delivered by Como Engineers for the Speewah processing plant and associated infrastructure conform to the expectations. The engineering study has unveiled the potential benefits of using the simpler process flowsheet based on an industrial chemical feedstock, including:

 

The HPA refining process as well as the industrial Al chemical feedstock and reagents utilised in the process are commercial-in-confidence.

ALSO READ: King River Resources (ASX:KRR) Reports Stellar September Quarter with Impressive Project Developments

Prefeasibility Study and Speewah HPA-V-Ti Project

As the Company advances to modify the PFS for delivering HPA via the alternative chemical feedstock, it would necessitate additional engineering, testwork and permitting studies. The modified PFS is now expected to be delivered in Q1 2021.

The new HPA development plan does not impede the future integration of the Company’s HPA process with a flowsheet for producing titanium and vanadium products. Meanwhile, given the strong demand forecast for grid battery storage and lithium-ion batteries, particularly in electric vehicles, its high time to produce high purity products utilised in green technologies. 

ALSO READ: PFS Developments at King River Resources’ (ASX:KRR) Speewah Project in Full Swing

While the Company sets its eyes on progressing the Speewah mine development testwork and studies, focus would be steered towards a broader range of battery metals and master alloy compounds.

KRR stock closed at $0.027 on 19 November 2020.

 

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK