Red River Resources is getting closer to restarting production at its Thalanga zinc project in Queensland, awarding the West 45 underground mining contract to Pybar Mining Services.
Thalanga has been in care and maintenance since 2012 and in November 2015, Red River released a restart study based on production from the project’s West 45, Far west and Waterloo deposits.
Red River then secured a $30 million share placement to fund the restart of production.
The project is expected to produce 21,4000 tonnes of zinc, 3600 tonnes of copper, 5000 tonnes of lead, 2000 ounces of gold and 370,0000 of silver in concentrate over an initial five year mine life.
The company also highlighted that that there was “outstanding extension potential”.
Red River’s managing director Mel Palancain said, “We are pleased to have awarded the West 45 underground mining contract to PYBAR. Red River ran a competitive contract process and we look forward to working with PYBAR as we restart development and mining operations at West 45.”
Pybar will begin mobilising to site over next two weeks, and is expected to commence mining operations at West 45 soon after.