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Red River Resources Limited

Red River Resources hits record production of zinc, lead and copper at Thalanga

Red River is focused on maximising returns by increasing plant throughput and extending mine life.

Truck leaving Far West portal
Ore being hauled from the Far West decline

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.

READ: Red River Resources produces high-quality concentrate from Far West ore

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.

Quick facts: Red River Resources Limited

Price: $0.17

Market: ASX
Market Cap: $84.76 m
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Red River Resources developing multiple assets to maximise Thalanga Operations

Red River Resources Ltd (ASX:RVR) managing director Mel Palancian visits Proactive's Perth studio for his debut video; introducing the company and team, as well as discussing the portfolio of producing, developing, and exploration assets. There have been consecutive quarters of record...

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