King River Resources (ASX:KRR) has announced its report for the December quarter of 2023, highlighting continued gold and copper exploration work at its Tennant Creek project areas to generate drill targets for the 2023 field season.
King River Resources also says its approaching a number of international and Australian groups for potential partnering in the exploration of large areas.
The company says it's continuing metallurgical investigations by Murdoch University Hydrometallurgy Research Group to develop an optimised process flow sheet for the Speewah Project.
King River Resources says it has a cash position of $1,845,928 and holds 1,553,524,947 ordinary shares on issue, 5,000,000 of which are escrowed.
It also received a Research & Development tax refund of $781,697 and a 50% funding instalment from the Northern Territory government of $50,000.
Following the announcement, shares of King River Resources were up 9.09%.