The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Red River Resources has delayed operations by nearly month due to mechanical repairs at the Thalanga Operation
  • The secondary crusher was shut down on September 12 and repairs are underway
  • The crusher is expected to be up and running from the start of October

Red River Resources has delayed operations by nearly month due to mechanical repairs at the Thalanga Operation.

A secondary crusher at the processing plant was shut down on September 12 and repairs are underway.

As part of the repair process, the crusher needs to be removed and disassembled to replace the broken parts. Once replaced, the crusher then needs to be reassembled fully.

“The company is minimising the impact on quarterly production by implementing a bypass to the secondary crusher and operating at reduced tonnage,” a company announcement to the ASX said today.

Production is expected to be approximately 30 per cent less than in the July 2019 quarter, which was a record for Red River.

The crusher is expected to be up and running from the start of October.

Red River is an exploration and development company that seeks to build a multi-asset operating business. Its biggest asset is the Thalanga Base Metal Operation in Northern Queensland.

Thalanga produces zinc, copper, and lead, and commenced production in September 2017, ahead of schedule and budget. The project has an available capacity of 650,000 tonnes per annum.

The company also recently acquired the high-grade Hillgrove Gold-Antimony Project in New South Wales, where Red River will be able to build a multi-asset operating business focused on base and precious metals.

The Hillgrove project is located 30 kilometres from Armidale in New South Wales. Since 2004, $180 million has been invested in the project. It was placed on care and maintenance in 2016 due to low prevailing antimony prices.

Whilst the secondary crusher is being repaired, underground mine production will continue.

RVR by the numbers
More From The Market Online
The Market Online Video

Infini Resources gearing up for UAV geophys survey over Portland Creek

Infini Resources has announced its execution of an application for UAV-based geophysical surveys over its Portland…

Patagonia shares rise above 20% on lithium grades at maiden well in Argentina

Patagonia Lithium shares rise above 12 percent on lithium grading nearly 600 parts per million at…

Termites show Haranga the way to 8th uranium anomaly at Senegal’s Saraya

Haranga Resources finds 8th uranium anomaly at Senegal's Saraya through termite mound sampling, and is hoping…

Chariot Corp reports high grade lithium pegmatite intercepts

Chariot has announced its latest drilling results at Black Mountain, posting intervals over 14m long grading…