The funds will be used to support further exploration and working capital.
The research was conducted as part of the exploration program completed during the 2015 Financial Year.
Earlier in the month field programs commenced at the Speewah Dome property in Western Australia, with road works and sampling underway.
King River said that a recent field trip and new desktop studies have identified new structures for detailed investigation.
A new geophysical (VTEM) basement conductor target identified in the north of the Speewah Dome.
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