Red River Resources’ Thalanga Zinc Project consists of the Thalanga Mill and base metal deposits at West 45, Far West, Waterloo, Orient and Liontown, located about 65km southwest of Charters Towers in central Queensland.
Production of metal concentrates at Thalanga Zinc Project recommenced in September 2017 after a five-year hiatus. Thalanga is producing zinc, copper and lead concentrates with off-take agreements in place with Glencore (copper) and Trafigura (zinc & lead) for three years.
The Thalanga Mill has 650ktpa capacity, with current utilisation at 325ktpa, so opportunity exists to process additional tonnage at incremental processing costs. Red River is keen to take advantage of high cyclical zinc prices and historically low zinc concentrate treatment charges.
Exploration is underway across the Company’s landholding to add to this portfolio.
To ‘find more ore’, Red River is focused on:
Defining additional resources at the current development projects (West 45, Thalanga Far West and Waterloo)
Converting advanced projects (Liontown and Orient) into mineable tonnes and incorporated into the mine plan
Optimising the cut-off grade at current development projects; and
Exploring its highly prospective ground holding within the Mt Windsor volcanic belt to find the next generation of base metal deposits.
Thalanga Project Location