King River Copper Limited provides this update on the progress of the company’s Vanadium Concept Study for its 100% owned Speewah Vanadium Project in the East Kimberley of Western Australia. The main objective of the Concept Study is to identify and address the technical hurdles necessary to complete a Scoping Study.
The study is examining the production of high purity vanadium pentoxide (99.5-99.9% V2O5), titanium dioxide (>99% TiO2) and iron oxide (>68% Fe2O3) products utilising a novel process using a concentrate derived from the Speewah Central vanadium deposit. The Company is also investigating the means for the production of the vanadium electrolyte (VE) products that are used in vanadium flow batteries (VFB).
KRC aims to be a producer of 12,000 tonnes per annum of high purity vanadium pentoxide, 75,000- 90,000 tonnes per annum of titanium dioxide and 300,000-400,000 tonnes per annum of iron oxide (hematite) in 3-4 years.
Items still being addressed in the Concept Study include:
- Finalising the Process Flow Sheet (PFS)
- Optimisation of the V2O5, TiO2 and Fe2O3 process routes and improving recoveries
- Optimising hydrochloric acid recovery
- High-level mass and energy balance
- Capital and operating cost estimates of processing
- Mining and beneficiation cost estimates
- Open pit optimisation and mining schedule study
Once these items have been addressed, KRC will finalise a Scoping Study into the preliminary economics of the Speewah Vanadium Project suitable for release to the market in accordance with the reporting requirements for production targets and forward looking statements. The modifying factors listed in the JORC 2012 Code will be considered to address the Material Assumptions for the Scoping Study.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.