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King River Resources Limited ( (AU:KRR) ) just unveiled an announcement.
King River Resources has reported reverse circulation drilling and ionic soil sampling results from its Tennant Creek gold-copper projects, including work at the Kuiper prospect and soil programs at Langrenus, BIF Hill East and EL31623. While the initial Kuiper drilling did not return significant assay grades, it intersected multiple fault structures, iron alteration zones and several hydrothermal ironstones some 35 km east-northeast of Tennant Creek, reinforcing the concept of a broader regional IOCG-style corridor within the company’s EL31619 licence and validating follow-up targets generated from its 2023 geophysics program; this underpins the company’s ongoing exploration rationale despite the lack of immediate high-grade discoveries.
The most recent analyst rating on (AU:KRR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on King River Resources Limited stock, see the AU:KRR Stock Forecast page.
More about King River Resources Limited
King River Resources Limited is an Australian mineral exploration company focused on gold and copper, particularly targeting iron oxide copper-gold (IOCG) and gold systems in the Northern Territory around the Tennant Creek region. Its activities centre on identifying and advancing prospective tenements such as Rover East, Tennant East, Barkly and Kurundi, positioned along geological trends that host several significant high-grade copper and gold deposits and historic gold fields.
Average Trading Volume: 1,472,610
Technical Sentiment Signal: Sell
Current Market Cap: A$27.81M
For a thorough assessment of KRR stock, go to TipRanks’ Stock Analysis page.