Red River Resources brings second Thalanga mine online
Far West is the second mine to be developed by Red River in the past two years, following the successful development of the West 45 mine in 2017.
The Far West mine would deliver significant value to the Company by providing additional mill feed and extending the mine life of the Company’s Thalanga operations said Red River Managing Director Mel Palancian.
“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 delivered,” Mr Palachian said.
“Far West development ore processed at Thalanga exceeded our expectations and the estimates used in the Thalanga Re-start Study so we are looking forward to ramping up production from Far West.”
Red River Resources was seeking to build a multi-asset operating business focused on base and precious metals with the objective of delivering prosperity through lean and clever resource development, Mr Palachian said.
The company’s foundation asset is the Thalanga Base Metal Operation which was acquired in 2014 and where Red River Resources commenced copper, lead and zinc concentrate production in September 2017.
With the recent acquisition of Hillgrove Mines Pty Ltd, the company hold the high-grade Hillgrove Gold-Antimony Project in New South Wales, which will enable it to build a multi-asset operating business focused on base and precious metals Mr Palachian said.