Red River Resources Limited (ASX:RVR) achieved record levels of zinc, lead and copper concentrate production during the March quarter at its Thalanga operations in North Queensland.
Zinc concentrate production of 8,952 tonnes was 16% higher than the previous quarter, lead concentrate production was 25% higher at 3,763 tonnes and copper concentrate production was up 134% to 1,694 tonnes.
The company's shares have traded up to 12% higher in early trade to 19 cents.
Record quarterly tonnage
These records were set after record quarterly tonnage of 109,000 tonnes was processed through the Thalanga mill.
Quarterly mine production was achieved at Far West with 97,000 tonnes of ore processed.
Production also began at the new Far West underground mine during the quarter with 9,000 tonnes of development ore mined.
Thalanga operations summary for quarter-three of financial year 2019.
The company has selected to report on a zinc equivalent basis as zinc is the metal that contributes most to the net smelter return zinc equivalent calculation.
Metallurgical recoveries and metal prices.
Payable metal factors.
Red River aims to extend mine life through increasing mineral resources and ore reserves at deposits in the mine plan including West 45, Far West and Waterloo and by converting mineral resources into ore reserves at Liontown and Orient.