Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Austrailan miner Red River Resources plans to resume operations at the Hillgrove Project in New South Wales by the end of the year. The company’s copper concentrate output has risen through year to 4,703mt in the September quarter, up by 51pc from June, while zinc concentrate production rose to 7,016mt. Lead concentrate volumes rose by 72pc over the preceding quarter to 1,947mt in Q3. 


Red River acquired Thalanga in 2014. Copper, lead and zinc production started in September 2017. Production at Thalanga ended in FY 2020 (in June) and ore for the project is now obtained from its Far West mine, with goals to cultivate its Liontown deposit to lengthen operational life. The new project entails a 650,000mt per year copper, lead and zinc processing plant. During July-September, the company continued financing development of its Far West mine, adjoining the Thalanga mill, with a total expansion of 1,888 meters.


The miner also continues to develop its Liontown project, focused on creating a joint open pit and underground operation with a 10-year mine life. Liontown holds 4.1mn mt in mineral reserves, grading 0.6pc copper, 1.9pc lead and 5.9pc zinc. 

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