King River Resources Ltd (ASX:KRR) has been granted a trading halt by the ASX ahead of the release of a material announcement on the completion of a pre-feasibility study (PFS) on its Kwinana High Purity Alumina project.
The trading halt will remain in place until the beginning of regular trade on Thursday, June 17, or when an announcement is released to the market, whichever occurs earliest.
Engineering studies for PFS
The company’s contractors Como Engineers have completed the engineering studies to provide detailed capital and operating cost estimates are for the Kwinana JPA PFS.
Como is finalising the engineering report as well as the layout graphics for inclusion while FTI Consulting completes the economic-financial model.
Search continues for industrial site
The company has continued investigations with government agencies and private owners for an appropriate industrial site in the Kwinana area, around 30-40 kilometres south of Perth in Western Australia.
This location is ideal as it has feedstock and reagent suppliers, infrastructure, port, energy supply, and a skilled workforce.