Kurundi Drilling Yields 4m at 1.43g/t Au; Kuiper Soil Anomalies Signal IOCG Potential

Exploration Highlights at Kurundi

King River Resources Ltd (ASX – KRR) has delivered a robust update on its Tennant Creek gold-copper projects for the quarter ending September 2025. The company’s recent reverse circulation (RC) drilling at the Kurundi Project, located about 80km southeast of Tennant Creek, has revealed new zones of gold mineralisation. Notably, a newly discovered structure northeast of Kurundi Main returned 4 metres at 1.43 grams per tonne (g/t) gold, including 2 metres at 2.79 g/t, intersected beneath historic underground workings. This discovery is particularly encouraging given the extensive area of historic alluvial gold scrapings nearby, suggesting further mineralisation remains to be delineated.

While deeper drilling beneath the central Kurundi Main zone confirmed mineralisation continuity, the southern high-grade zone presented structural complexities that may have displaced mineralised veins, complicating targeting efforts. Despite these challenges, the results underscore the potential for further high-grade gold extensions along strike and at depth.

Kuiper IOCG Targets Show Geochemical Promise

Complementing the Kurundi results, King River’s soil sampling program at the Kuiper iron oxide copper gold (IOCG) targets has returned significant ionic leach anomalies. These geochemical signatures, including key pathfinder elements such as bismuth, copper, and gold, coincide with strong gravity and magnetic geophysical anomalies identified in 2023. The Kuiper targets lie within a magnetic trend associated with the Warramunga Formation, a known host to several significant IOCG deposits in the Tennant Creek region.

RC drilling at Kuiper was completed in early September 2025, with assay results pending. The presence of these geochemical anomalies beneath shallow Cambrian cover enhances the prospectivity of the Kuiper targets and supports the interpretation of potential IOCG-style mineralisation.

Financial Position and Corporate Developments

King River Resources maintains a solid financial footing with a cash balance of approximately $3.27 million and no debt as of 30 September 2025. The company also holds a substantial investment in Tivan Limited, valued at $17.5 million as of 21 October 2025, reflecting a significant increase from the previous quarter.

During the quarter, King River completed an on-market share buy-back, repurchasing over 12.6 million shares at an average price of $0.0078, signaling confidence in the company’s valuation and future prospects. Additionally, the appointment of Mr. Graham Gadsby as Managing Director in October 2025 brings seasoned geological and executive expertise to the leadership team, potentially accelerating exploration and development initiatives.

Looking Ahead

King River is actively advancing multiple exploration fronts across its Tennant Creek tenements, including Providence, Langrenus, Commitment, and various Kurundi regional targets. The company plans to continue integrating geophysical data with geochemical sampling to refine drill targeting and prioritise high-potential zones. With assay results awaited from the recent Kuiper drilling and ongoing interpretation of 2024-2025 exploration data, King River is well-positioned to expand its resource base in this prolific mineral province.