# KRR: Major Phase 2 Drilling Commences at Mindoolah Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/krr-major-phase-2-drilling-commences-at-mindoolah-project--be951f85-ab15-4a83-ad3c-4654caab62bf

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03151015

Publisher: asx

Original announcement: 2026-10-11T22:19:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-11T23:20:13.219Z

Atlas analysis updated: 2026-10-11T23:20:13.219Z

- Company: King River Resources Ltd

- Ticker: KRR

- Exchange: ASX

- Region: Western Australia

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Other, Drill results

- Extracted: 2026-10-11 23:20:14 UTC

Narrative sentiment: 0.10 · Bullish

## Minestarters Atlas summary

King River Resources Ltd has commenced its largest-ever Phase 2 RC drilling campaign at the Mindoolah Gold Project in Western Australia, with over 11,000m planned across eight priority targets. This program aims to test deeper extensions and new structural targets, building on previous exploration data. The company also reported final assay results from a previously completed waste dump drilling program, which identified localized gold anomalism but did not warrant further priority work.

Reasoning: King River Resources announced the commencement of its largest-ever Phase 2 RC drilling program at the Mindoolah Gold Project, indicating significant exploration activity. While previously completed waste dump drilling results were included, they were deemed not material for further priority work, making the primary news the future exploration potential.

- Positive factor: Commencement of the largest-ever Phase 2 RC drilling campaign at Mindoolah Gold Project, targeting multiple prospects.

- Positive factor: Integration of various exploration datasets for targeting, including Phase 1 results, geological mapping, surface geochemistry, historical data, and high-resolution magnetics.

- Positive factor: JORC 2012 compliant reporting with detailed QA/QC procedures and Competent Person sign-off.

- Negative factor: Waste dump drilling results did not demonstrate sufficient grade and continuity to support further priority work.

- Negative factor: No new assays from the main Phase 1 or the newly commenced Phase 2 drilling program are reported in this announcement.

Facts used in scoring: 3

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

## Drill Results (3)

### 26WD126

[Link to this fact](https://atlas-staging.minestarters.com/news/krr-major-phase-2-drilling-commences-at-mindoolah-project--be951f85-ab15-4a83-ad3c-4654caab62bf#fact-drill-facts-0)

Mindoolah · gold

#### Identity

- Hole ID: 26WD126
- Project: Mindoolah
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 1.67
- Grade Unit: g/t
- Intercept: 1 m
- From: 0 m
- To: 1 m
- Hole Depth: 12 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: 26WD126:0-1
- Mining Method: unknown

#### Location

- Location: Excelsior
- Easting: 548073
- Northing: 7018890
- Elevation: 517 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Perth
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: The gold grade of 1.67 g/t over 1m is low and from waste dump material, which the company states is not sufficient for further priority work.

- Negative factor: Low grade for gold

- Negative factor: From waste dump material, not in-situ

- Negative factor: Company states not sufficient for further priority work

Evidence · table

> 1.67

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "For personal use only 2 King River Resources Limited \(ASX: KRR\) is pleased to advise that its Phase 2 Reverse Circulatio"

### 26WD120

[Link to this fact](https://atlas-staging.minestarters.com/news/krr-major-phase-2-drilling-commences-at-mindoolah-project--be951f85-ab15-4a83-ad3c-4654caab62bf#fact-drill-facts-1)

Mindoolah · gold

#### Identity

- Hole ID: 26WD120
- Project: Mindoolah
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 1.63
- Grade Unit: g/t
- Intercept: 1 m
- From: 11 m
- To: 12 m
- Hole Depth: 12 m
- Intercept Depth: 11 m

#### Classification

- Sample Type: drill
- Group ID: 26WD120:11-12
- Mining Method: unknown

#### Location

- Location: Excelsior
- Easting: 548004
- Northing: 7018863
- Elevation: 518 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Perth
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: The gold grade of 1.63 g/t over 1m is low and from waste dump material, which the company states is not sufficient for further priority work.

- Negative factor: Low grade for gold

- Negative factor: From waste dump material, not in-situ

- Negative factor: Company states not sufficient for further priority work

Evidence · table

> 1.63

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "For personal use only 2 King River Resources Limited \(ASX: KRR\) is pleased to advise that its Phase 2 Reverse Circulatio"

### 26WD074

[Link to this fact](https://atlas-staging.minestarters.com/news/krr-major-phase-2-drilling-commences-at-mindoolah-project--be951f85-ab15-4a83-ad3c-4654caab62bf#fact-drill-facts-2)

Mindoolah · gold

#### Identity

- Hole ID: 26WD074
- Project: Mindoolah
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: KRR

#### Geometry

- Grade: 1.41
- Grade Unit: g/t
- Intercept: 1 m
- From: 3 m
- To: 4 m
- Hole Depth: 13 m
- Intercept Depth: 3 m

#### Classification

- Sample Type: drill
- Group ID: 26WD074:3-4
- Mining Method: unknown

#### Location

- Location: Excelsior
- Easting: 548003
- Northing: 7018816
- Elevation: 518 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Perth
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: The gold grade of 1.41 g/t over 1m is low and from waste dump material, which the company states is not sufficient for further priority work.

- Negative factor: Low grade for gold

- Negative factor: From waste dump material, not in-situ

- Negative factor: Company states not sufficient for further priority work

Evidence · table

> 1.41

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "For personal use only 2 King River Resources Limited \(ASX: KRR\) is pleased to advise that its Phase 2 Reverse Circulatio"

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.