the first shipment of zinc concentrate from the Thalanga Zinc Operation in Queensland. The first shipment of 5,500 wet .
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ASX Release
25 January 2018
First Shipment of Zinc Concentrate from Thalanga
Red River Resources Limited (ASX: RVR) (“Red River” or the “Company”) is pleased to announce it has completed the first shipment of zinc concentrate from the Thalanga Zinc Operation in Queensland. The first shipment of 5,500 wet metric tonnes of zinc concentrate was loaded at the Port of Townsville and will arrive at the Port of Lianyungang in China. Zinc and lead concentrates from Thalanga are sold under an offtake agreement to Trafigura Pte Ltd, refer to ASX announcement dated 8 August, 2017. Figure 1 Zinc concentrate being loaded into MV Olivia at the Port of Townsville
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The company has also completed its first delivery of copper concentrate to Glencore International A.G. Under the terms of the Glencore Copper Concentrate Offtake Agreement (refer to the ASX release “Red River Secures Copper Offtake Agreement with Glencore, dated 13 June 2017), Glencore take delivery of the copper concentrate at Thalanga mine gate.
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Figure 2 Copper Concentrate being loaded at Thalanga
The first shipment of zinc concentrate and first delivery of copper concentrate follows the successful commissioning and ramp up the Thalanga Zinc Project, with copper, lead and zinc concentrate production commencing in September 2017.
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About Red River Resources (ASX: RVR)
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RVR is the leading ASX pure play zinc producer, with its key asset being the high quality Thalanga Zinc Project in Central Queensland. RVR commenced concentrate production at the Thalanga Zinc Project in September 2017 and RVR is focused on maximising returns from the Project by increasing plant throughput and extending mine life through increasing Mineral Resources and Ore Reserves at deposits currently in the mine plan (West 45, Thalanga Far West and Waterloo), by potentially converting Mineral Resources into Ore Reserves at Liontown and Orient and by continuing to aggressively explore our growing pipeline of high quality targets within the surrounding area. On behalf of the Board, Mel Palancian Managing Director Red River Resources Limited
For further information, please visit Red River’s website or contact: Mel Palancian Managing Director
[email protected] D: +61 3 9095 7775
Nathan Ryan NWR Communications
[email protected] M: +61 420 582 887
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