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R3D RESOURCES LIMITED - Corporate Spotlight

R3D Resources Limited (ASX:R3D) has a mission to become a significant copper and zinc... R3D Resources Limited (ASX:R3D) has a mission to become a significant copper and zinc company through development of its existing projects, acquisitions of new projects and exploration success. The company has aggregated a diversified portfolio of exploration and mining assets in the Chillagoe Region in north QueenslandMore

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Corporate Spotlight

R3D Resources Limited (ASX:R3D) has a mission to become a significant copper and zinc company through development of its existing projects, acquisitions of new projects and exploration success. The company has aggregated a portfolio of exploration and mining assets in the Chillagoe Region, QLD
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R3D begins trading after successful IPO

R3D RELEASE FIRST QUARTERLY SINCE RELIST

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R3D Resources (ASX:R3D) releases first quarterly since re-listing

Mining

ASX:R3D
R3D Resources (ASX:R3D) - Managing Director, Stephen Bartrop - The Market Herald
Managing Director, Stephen Bartrop
Source: R3D Resources

  • R3D Resources (R3D) releases its first quarterly report since listing on the ASX in mid-July
  • R3D last traded on the ASX early last year when it began transitioning into a gold-copper explorer through the acquisition of Tartana Resources
  • During the quarter, Tartana continued work to restart the Copper Sulphate Project which had been in production until 2014
  • The companies will use this quarter to identify an appropriate project manager and design a shallow drilling program to upgrade the resource
  • R3D ended the quarter with $51,000 in total available funding, representing less than one quarter of use

R3D Resources (R3D) has released its first quarterly report since listing on the ASX in mid-July.


The company successfully relisted on the ASX following a $4.25 million recapitalisation when shares were offered at 20 cents each.


R3D last traded on the ASX early last year when it began transitioning into a gold-copper explorer through the acquisition of Tartana Resources.


The company currently holds a 99.83 per cent interest in Tartana and will acquire the remaining 0.17 per cent subject to compulsory acquisition which will be finalised in August 2021.


During the quarter, Tartana designed several holes to test an exploration target with work expected to begin in August.


Copper Sulphate Project


During the quarter, Tartana continued work to restart the project which had been in production until 2014.


The plant has a reported capacity of up to 9500 tonnes per annum, however R3D believes the copper sulphate was produced at a rate of 6000 to 7000 tonnes per annum.


Work to date includes preliminary costings for plant refurbishment, detailed costing for electrical refurbishment, testing copper levels and estimating a JORC 2012 resource.


R3D and Tartana will use this quarter to identify an appropriate project manager and design a shallow drilling program to upgrade the resource.


Falcon Gravity Survey


Xcalibur/CGG Aviation has been commissioned to fly a Falcon Gravity Survey over the Bulimba and Bellevue/Dry River tenements.


A total of 2290 kilometres will be flown over both tenements.


Finances


R3D spent $183,000 during the quarter with the majority going towards administration and corporate costs.


As of June 30, the company had $51,000 in total available funding, representing less than one quarter of use.


However, this doesn't faze the company as it successfully raised $4.25 million under its prospectus which will be included in the September quarterly.


Read the Full Article on The Market Herald here

R3D RESOURCES RELISTS ON ASX

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R3D Resources (ASX:R3D) relists on ASX

Materials

ASX:R3D
22 July 2021 15:05 (AEST)

  • R3D Resources (R3D) is in the green today following its relisting on the ASX
  • The relisting follows a $4.25 million recapitalisation, when shares were offered at 20 cents apiece
  • R3D last traded in early 2020 and during this time transitioned into a gold-copper explorer via the acquisition of Tartana Resources
  • Tartana owns a number of assets in the Chillagoe region in Northern Queensland, which R3D is planning to develop

R3D Resources (R3D) shares are in the green today following the company's relisting on the ASX.


The relisting follows a $4.25 million recapitalisation, where shares were offered at 20 cents per share.


R3D last traded on the exchange in early 2020 and during this time began transitioning into a gold-copper explorer via the acquisition of Tartana Resources.


Tartana owns a number of assets in the Chillagoe region in Northern Queensland, which R3D is planning to develop.


R3D has more than 108 million shares on issue, representing a market capitalisation of $21.7 million.


Managing Director Stephen Bartrop is pleased with the re-listing.


"We look forward to recommencing exploration activities shortly. Our projects are first class, and we thank the existing and new shareholders for their support. We look forward to the journey ahead," Dr Bartrop said.


Before moving to materials, R3D was focused on its media and investors relations business, called R3D Global, which operated in Australia and Asia.


Read the Full Article on The Market Herald here

R3D RESOURCES RAISES $4.25M

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R3D Resources (ASX:R3D) raises $4.25m and gets ready to re-list

ASX News, The Market Herald Deal Room

ASX:R3D
Alligator Energy (ASX:AGE) partners with Traxys

  • R3D Resources (R3D) is getting ready to re-list on the ASX after raising $4.25 million from a public offering
  • The company last traded on the exchange in early 2020, and is due to begin trading again on July 21
  • R3D is planning to transition to a gold-copper explorer though the acquisition of Tartana Resources
  • The business, formerly known as R3D Global, previously focussed on investor and media relations across Australia and Asia

R3D Resources (R3D) is getting ready to re-list on the ASX after raising $4.25 million from a public offering.


The company expects to begin trading on the exchange again on July 21, after being suspended for close to 18 months.


During that time R3D has begun transitioning into a gold-copper explorer, via the planned acquisition of Tartana Resources.


The business owns a number of assets in the Chillagoe Region in North Queensland, which R3D wants to develop.


Before it moved into materials, R3D had been focussed on its media and investors relations business, called R3D Global, which operated in Australia and Asia.


Commenting on the relisting and its recently closed public offer, R3D Incoming Managing Director Stephen Bartrop said the business was off to a good start.


"The public offer was well subscribed and satisfaction of the ASX conditions for re-listing are well advanced," Mr Bartrop said.


"We look forward to trading in the shares commencing on or about July 21 2021."


Read the Full Article on The Market Herald here

ABOUT US

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About Us


R3D Resources Limited (ASX: R3D) is acquiring Tartana Resources, a company which was established in 2007 and which has aggregated a portfolio of copper-gold exploration and mining assets in the Chillagoe Region in north Queensland. The objective of the acquisition is to grow R3D Resources into a significant copper-zinc producer through exploring and developing these assets.  Tartana’s projects vary in maturity with most advanced being the Tartana mining leases which contain an existing heap leach – solvent extraction – crystallisation plant being held in care and maintenance.  Work has begun to restart this plant to provide future cash flow through the sale of copper sulphate.

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R3D begins trading after successful IPO



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