Red River's Managing Director
'Having acquired the Hillgrove project in
'We will continue to explore at Hillgrove for gold and critical metals, including antimony and tungsten.'
The Hillgrove site includes a 250ktpa capacity processing plant, comprising a selective flotation circuit (capable of producing antimony-gold and refractory gold concentrates), an antimony leach/EW/refining & casting plant, a gold cyanide leach circuit & gold room plus a pressure oxidation circuit. The site also has a fully HDPE (highdensity polyethylene) lined modern tailing storage facility, which was constructed in 2006 and has approximately two years of production storage capacity.
All of Hillgrove's electricity requirements are sourced from a 66kva grid connected power supply from Ergon Energy with 11kva site power reticulation. Water is sourced from storage dams and underground workings. Hillgrove has all the office facilities required for operations, including an administration office, mining operations offices, maintenance offices, workshops (heavy vehicle, light vehicle and boilermaker's workshops), process plant offices, metallurgical laboratory building, first aid building, stores warehouse and core shed and yard. Red River will operate
Stage 1 (Bakers Creek Stockpile) Restart
Site activities at Hillgrove continue to ramp up with restart on track and budget for first gold production by year end. The Stage 1 Restart will be based on treating the Bakers Creek Stockpile (225kt @ 2.5 g/t Au) through the Hillgrove Processing Plant to produce gold dore. Production is expected to commence by end CY2020 with an operational life of approximately 12 months. The gold will be recovered to a gravity gold concentrate and a flotation gold concentrate which will then be leached on site to produce dore, with gold recovery to dore estimated to be 75-80% after ramp up. Stage 1 has an estimated pre-production capital expenditure of approximately
About
RVR is seeking to build a multi-asset operating business focused on base and precious metals with the objective of delivering prosperity through lean and clever resource development. RVR's foundation asset is the Thalanga Base Metal Operation in
Contact:
Mel Palancian
Tel: +61 3 9017 5380
Email: mpalancian@redriverresources.com.au
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