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King River Resources Limited (ASX:KRR)

ALERT: Price-sensitive ASX Announcement for KRR
Current share price for KRR : $0.056 0.034 (154.55%)+
Announcement
Release
17 Feb 2026 1:26PM
Price at Release
$0.022
Full Release
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Summary
King River Resources Ltd has entered an agreement to acquire the Mindoolah Gold Project, located in Western Australia, known for its exceptional historical gold grades. The acquisition is structured through an exclusive option allowing Auradoolah Pty Ltd, a KRR subsidiary, to purchase the project for a total of A$600,000, with additional royalties on ore production. The project spans 100km² in a prospective area for high-grade gold, with historical grades averaging 19.02 g/t Au. KRR's strategy focuses on leveraging modern exploration techniques to expand these results and aims to commence exploration activities immediately.
Key Points
  • KRR to acquire Mindoolah Gold Project via its subsidiary Auradoolah Pty Ltd.
  • Historical average production grade of 19.02 g/t Au.
  • Acquisition costs include A$600,000 cash and royalties on shallow and deep ore.
  • Mindoolah Project covers 100km² of prospective greenstone.
  • KRR plans modern exploration to expand historical results.
  • Option to acquire expires on 30 June 2026.
  • Project situated in a Tier-1 jurisdiction, Murchison Province.
  • KRR's forward strategy includes aeromagnetic surveys and drilling.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.