King River Resources joins FBICRC

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The Future Battery Industries Cooperative Research Centre (FBICRC) is pleased to welcome King River Resources Limited to our community of 70 industry, government and research participants.

King River Resources is an exploration mining company with holdings at Speewah and Mt Remarkable in the Kimberley region of northern Western Australia and at Tennant Creek in the Northern Territory.

Chief Executive Officer Stedman Ellis said the FBICRC is pleased to welcome the King River Resources team to our growing research community, as associate participants with a view to collaborate on projects focused on cathode precursor and active materials in the Cathode Precursor Production Pilot Program and the development and application of Vanadium Redox Flow Batteries project.

“The Speewah project covers Australia’s largest vanadium-in-magnetite deposit hosting potential for high purity alumina (HPA), Vanadium (V), Titanium (Ti) and Iron (Fe) extraction – key materials in development of a range of battery chemistries,” Stedman said.

The Directors of King River Resources said:

“We are excited to see the joint industry participation and opportunity the FBICRC presents assembling such a high calibre team. Unlocking the value in Australia’s mineral wealth by processing and adding value here rather and simply exporting raw materials presents unprecedented growth opportunities for Australian companies.”

The FBICRC’s portfolio of 15 research and development projects span the battery value chain and bring together 70 industry participants, the federal government, four state governments (WA, QLD, SA and NT) and eight research partners with a combined value in excess of $120 million over six years.

A diversified battery industry is estimated to be worth $7.4 billion per annum, capable of supporting more than 34,000 jobs by 2030.

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