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Red River Resources appointment will enhance zinc revenue potential

The company has appointed an experienced mining executive in a financial role.
Mine life has been extended at West 45 within the Thalanga Zinc Operations

Red River Resources Limited (ASX:RVR) has strengthened its management team as it focuses on enhancing the revenue potential of its Thalanga Zinc Operations in Queensland.

The company has appointed Rod Lovelady as chief financial officer.

He will replace Cameron Bodley who will remain as company secretary.

Operational experience

Lovelady brings more than 25 years of operational experience working in management, finance and commercial roles within ASX listed and unlisted mining and energy companies.

He previously worked with Mount Isa Mines, Pasminco, Zinifex, OZ Minerals, MMG, Newcrest, Sydvaranger Gruve AS (Norway), Moreton Resources and most recently AGL Energy.

READ: Red River enhances revenue potential from Thalanga zinc operations

Mel Palancian, managing director, said: “Rod’s mining experience will be a valuable addition to the Red River management team and will support the continued growth and development of the company.”

Ore reserves updated

Red River recently updated ore reserves at West 45 mine within the Thalanga operations.

The reserve increased 10% to 600,000 tonnes at 11.6% zinc equivalent with overall Thalanga reserves of 2.1 million tonnes at 11.9% zinc equivalent.

This has extended the mine life of West 45 until at least the end of 2019, which will result in simultaneous operation of West 45 and Far West mines from the end of 2018.

Red River began concentrate production at Thalanga in September 2017 and is focused on maximising returns by increasing plant throughput and extending mine life.

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Red River Resources Ltd Timeline

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