Australian Securities Exchange grants trading halt to King River Resources ahead release of PFS on Kwinana HPA project
The Australian Securities Exchange (ASX) has granted a trading halt to King River Resources ahead of the release of a pre-feasibility study (PFS) on its Kwinana High Purity Alumina project.
As per our information, the trading halt will prevail in place till the commencement of regular trade on 17th June 2021 or when an announcement is unveiled to the market, whichever happens early.
Como Engineers, the company’s contractors have accomplished the engineering studies to deliver detailed capital and operating cost estimates for the Kwinana HPA PFS.
Como is concluding the engineering report as well as the layout graphics for inclusion while FTI Consulting accomplished the economic-financial model.
The company has pursued scanning with government agencies and private owners for a suitable industrial site in the Kwinana area, around 30-40 kilometres south of Perth in Western Australia.
However, this location is perfect as it has feedstock and reagent suppliers, infrastructure, port, energy supply, and a skilled workforce.
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