King River Resources Ltd. (ASX: KRR) announced the appointment of Graham Gadsby as Managing Director, effective October 14 2025.
Gadsby is a seasoned geologist and senior executive known for leading Spartan Resources through a turnaround, relisting on the ASX, and contributing significantly to the discovery and development of the Never Never and Pepper gold deposits.
The company also plans to grant 100M performance rights to Gadsby, subject to shareholder approval. These rights will convert into shares if performance conditions including a VWAP of A$0.025 for 20 consecutive trading days or a takeover event are met by November 30, 2028. As of the announcement date, King River’s share price rose approximately 13% to around A$0.008.
For more information please visit www.kingriverresources.com.au
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