Australian explorer King River Resources Limited (ASX: KRR) has identified a more direct route to complete a process design, outlining a lower risk and faster path towards the production of High Purity Alumina (HPA). The ongoing Speewah Prefeasibility Study (PFS) testwork and studies have identified the new route. The Company can directly use its new leaching and refining route on a readily available industrial aluminium chemical feedstock. The alternative production circuit is a simpler process compared to the original process flow sheets.
* Sonos, Inc shares zoomed up by over 24% post the release of its Q4 FY2020 and FY2020 results Q4 Highlights GAAP net income increased to US$18.4 million from (US$29.6) million as compared to previous year. GAAP diluted EPS rose up from (US$0.28) million in Q4 FY2019 to US$0.15 in Q4 FY2020. FY2020 Highlights: GAAP net loss increased from US$(4.8) million in FY2019 to US$(20.1) million in FY2020.
* Opening Of Crown’s (ASX:CWN) Landmark Sydney Casino Delayed Crown Resorts Limited (ASX:CWN) suffered yet another blow when the NSW gaming authority ILGA (Independent Liquor and Gaming Authority) held the license CWN requires to run its super luxe casino complex in Sydney and has asked the company to delay the opening. The autonomous liquor and gaming agency seemed unsure and has sought for more time to decide whether the casino giant is fit to receive a gaming license.