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Record production for $17.2M exotic metals project in Far North Qld

A mineral producer has reported record-high production at its exotic metals mine in Far North Queensland.

Red River Resources has produced 96 kilo tonnes (kt) of zinc ore for the December quarter at its West 45 (Thalanga) Zinc Project, 89km southwest of Charters Towers.

The company hailed the volume as “record quarterly concentrate production” of zinc concentrate (7695t), lead concentrate (3007t) and copper concentrate (725 tonnes). It also praised 54.1 per cent copper recoveries to copper concentrate, and 73.2 per cent recovery to copper concentrate, for the same period.

Pybar Mining Services won the primary contract for the underground mine in early 2017, and has overseen engineering, construction and procurement for the project. All current vacancies are advertised here: jobboards.adlogic.com.au/pybar/job-board

“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,” Red River managing director Mel Palancian said.

Red River’s previously released restart study to assess the potential restart of the Thalanga project back in 2015, and showed the project is still “highly attractive” with a low operating cost, low pre-production capital cost and a short six-month timeline to production.

Each year the project can potentially produce an average 21,400 tonnes of zinc, 3600 tonnes of copper, 5000 tonnes of lead, 2000 ounces of gold and 370,000 ounces of silver in concentrate throughout an initial mine lifespan of five years.

Red River expects to release the full December 2018 quarterly report before the end of January 2019.

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