“The award of the underground mining contract for West 45 is a key step on the critical path to the restart of production at the Thalanga Zinc Project in 2H CY2017. 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,” said Red River’s Managing Director Mel Palancian.
The Thalanga zinc project is expected to produce 214,000 tonnes of zinc; 3,600 tonnes of copper; 5,000 tonnes of lead; 2,000 ounces of gold and 370,000 of silver in concentrate over an initial five-year mine life.
Pybar is expected to begin mobilisation on to the site over the next weeks and will commence mining operations on West 45 soon after.
The Thalanga zinc project has been under maintenance and care since 2012, with Red River releasing a restart study based on production from the West 45, Waterloo and Far West deposits back in November 2015. Red River thereafter secured a $30 million share placement which will fund the restart of production.
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