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Red River Resources fires first production stope at Far West and delivers first stope ore

Production will ramp up progressively to more than 300,000 tonnes a year

Red River Resources Limited - Red River Resources fires first production stope at Far West and delivers first stope ore
Red River's projects are in Queensland and New South Wales

Red River Resources Limited (ASX:RVR) has fired the first production stope at the Far West mine, part of its Thalanga operations in Queensland.

The first stope ore was delivered to the Thalanga run-of-mine pad and production from the mine will progressively ramp up to more than 300,000 tonnes a year.

Additional mill feed and mine life extension

Red River managing director Mel Palancian noted the significant value the Far West mine will deliver to the company by providing additional mill feed and extending Thalanga’s mine life.

He said: “Bringing our second mine online at Thalanga is an exciting step and I’m pleased with the progress we have made at Far West, which has seen a strong operational performance from our team to ensure it is successfully.

“Far West development ore processed at Thalanga exceeded our expectations and the estimates used in the Thalanga restart study, so we are looking forward to ramping up production from Far West.

Far West is the second mine to be developed by Red River in the past two years, after the successful development of the West 45 mine in 2017. “

RVR is seeking to build a multi-asset operating asset focused on base and precious metals, aiming to deliver prosperity through lean and clever resource development.

The company’s foundation asset is the Thalanga Base Metal Operation in northern Queensland, which was acquired in 2014 and where RVR wstarted copper, lead and zinc concentrate production in September 2017.

Quick facts: Red River Resources Limited

Price: 0.135 AUD

ASX:RVR
Market: ASX
Market Cap: $69.69 m
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