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Red River Resources Ltd

Red River Resources breaks quarterly operating records at Thalanga

Record production of zinc, lead and copper concentrates and record ore mined at West 45.

Underground development at Far West
Ore production is set to begin at Far West this quarter

Red River Resources Limited (ASX:RVR) achieved record operating performances from the Thalanga Operations in northern Queensland during the December quarter.

There was record production of zinc, lead and copper concentrates in the three months along with record production of 96,000 tonnes of ore mined at the West 45 underground mine.

“Looking to continued improvements”

Red River’s managing director Mel Palancian said: “It’s great to see the site team continue to improve production from both the mine and the processing plant.

“We are looking forward to continued improvements in the March quarter.”

December quarter production statistics and comparisons.

READ: Red River Resources director lifts holding in zinc producer through on-market purchase

During the quarter there were 7,695 tonnes of zinc concentrate produced, 3,007 tonnes of lead concentrate and 725 tonnes of copper concentrate.

Copper recoveries continued to improve with 54.1% recovery to copper concentrate achieved for the three months.

A further indication of this improvement was seen in the month of December with 73.2% recovery to copper concentrate.

READ: Red River Resources Limited has more strong base and precious metals results underground at Thalanga

Red River will release its full December quarterly report by the end of this month.

Thalanga is Red River’s flagship asset and copper, lead and zinc concentrate production began in September 2017.

The company is focused on maximising returns from the operation by increasing plant throughput and extending mine life through increasing resources and reserves at deposits in the current mine plan.

These deposits are West 45, Far West and Waterloo.

READ: Red River’s development at Far West on track to increase Thalanga production

Red River is set to begin underground production at the Far West deposit his quarter and this will augment production from West 45.

Far West, which has a reserve of 1.5 million tonnes at 12% zinc equivalent, will extend production at Thalanga for at least the next five years.

The company is also planning to convert mineral resources into ore reserves at Liontown and Orient and is aggressively exploring a growing pipeline of high-quality targets and projects.

Quick facts: Red River Resources Ltd

Price: $0.16

Market: ASX
Market Cap: $76.06 m
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Red River Resources developing multiple assets to maximise Thalanga Operations

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