Red River Resources has started early stage refurbishment work at the Thalanga processing plant, south-west of Charters Towers in North Queensland.
The company completed a restart study for the zinc operation last year indicating an initial capital cost of $17.2 million and a forecast annual average production of 21,400 tonnes of zinc, 3600 tonnes of copper, 5000 tonnes of lead, 2000 oz of gold and 370,000 oz of silver in concentrate over an initial mine life of five years.
Managing director Mel Palancian said the company was pleased to have commenced work on the refurbishment of the processing plant, using funds raised in the recent oversubscribed $8.9 million fundraising.
“This work forms an important step towards the full restart of the Thalanga zinc project, and will enable us to further tighten the budget and timeline for the remaining restart work at the Thalanga processing plant,” he said.
“We intend to keep the market informed as to progress with regular updates on the Thalanga processing plant refurbishment. We are excited to be able to undertake this work, which will further improve our capacity to quickly and efficiently deliver the restart of the project at the appropriate time.”
The refurbishment work includes new tailings, sump and transfer pumps and associated valves and infrastructure, inspecting and servicing all major concentrator pumps not identified for replacement, lime silo structural repairs, concentrator roof and sidewall repairs, work on three ball mills, replacement of Feeder 2 conveyor and conveyor rollers, replacement / repair of take-up, head and tail pulleys, crane repairs, walkway repairs, concentrate filter press refurbishment, thickener rakes repairs / refurbishment and crusher hydraulics system check and repairs.