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Oct 09, 2020

Thalanga beats previous copper record by 51 per cent

Thalanga beats previous copper record by 51 per cent

Red River Resources has reported record quarterly copper production from its Thalanga operation in North Queensland – with a 51 per cent increase on last quarter’s bumper result.

With stable mine production and mill throughput during the first quarter of 2020-21, the company produced 4073 tonnes of copper concentrate, up from 2696 tonnes in the previous three months.

Thalanga also produced 7026 tonnes of high-quality zinc concentrate and 1947 tonnes of high-quality lead concentrate last quarter.

Thalanga operations mined 99,000 tonnes of ore at 11.7 per cent zinc last quarter and processed 103,000 tonnes of ore.

Earlier this month Red River Resources announced it was debt free after fully repaying the working capital facility held with its lead and zinc offtake partner Trafigura.

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