Proactive Investors - Run By Investors For Investors

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.

View full RVR profile View Profile

Red River Resources Ltd Timeline

Related Articles

1547552341_golden-arrow---antofalla.jpg
January 13 2019
The company recently announced the start of the Chinchillas operation in Jujuy Province, Argentina
Pozzolan
January 21 2019
Analysts at SVS said they think Sunrise offers “a clearly defined strategy focused on generating near-term cash flow together with value-enhancing minerals discoveries”
The 25th element on the periodic table, manganese
February 13 2019
Test work on Butcherbird ore recently produced very high purity 99.95% manganese metal.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use