RVR 6.06% 15.5¢ red river resources limited

Quarterly Highlights

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    Quarter Highlights

    • Continued strong quarterly production of zinc, lead and copper concentrates
    • Thalanga Far West development continues – stoping expected to commence shortly
    • Cash balance increased by $4.7 million to $25.9 million
    • Acquisition of Hillgrove Gold-Antimony Project in NSW for $4 million payable in Red River shares (23.0million shares) announced subsequent to end of quarter

    Thalanga Operations

    • Zinc concentrate production of 9,057 DMT (up 1% from Q3 FY19)
    • Lead concentrate production of 3,369 DMT (down 10% from Q3 FY19)
    • Copper concentrate production of 1,806 DMT (up 7% from Q3 FY19)

    Development Activities

    • Thalanga Far West underground mine development continues – 873 development metres completedduring Q4
    • $3.9 million in capital development, primarily at Far West
    • $0.5 million invested in exploration activities

    Corporate

    • $30.5 million revenue from concentrate sales• C1 cost of US$ 0.44 per pound of payable zinc metal
    • C2 cost of US$ 0.68 per pound of payable zinc metal
    • C3 cost of US$ 0.87 per pound of payable zinc metal
    • Thalanga Operations EBITDA of $7.6 million
    • Cash balance of $25.9 million plus financial assets of $8.5 million (cash backed security bond deposits) asat 30 June 2019
    • Red River’s working capital facility of US$10 million remains undrawn and the Company remains debt free
 
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