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    RVR   AU000000RVR7

RED RIVER RESOURCES LIMITED

(RVR)
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Red River Resources : hits outstanding high-grade intercepts at Liontown

08/18/2021 | 10:29am EDT

Red River Resources Limited (ASX: RVR) is pleased to announce high-grade polymetallic results from an ongoing multi-target RC drilling program at Liontown, part of its Thalanga Operation in Qld.

Red River's latest drilling aimed to further quantify the oxide gold potential overlaying the Liontown sulphide resource and increase the knowledge of the shallow Gap Lode mineralisation, which is in between the known Liontown and Liontown East deposits.

About Red River Resources (ASX: RVR)

RVR is building 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 Northern Queensland, which was acquired in 2014 and where RVR commenced copper, lead and zinc concentrate production in September 2017. RVR has commenced production at the highgrade Hillgrove Gold Operation in New South Wales which was acquired in 2019. The Hillgrove Operation is a key part of RVR's strategy to build a multi-asset operating business focused on base and precious metals.

Contact:

Nathan Ryan

Tel: +61 420 582 887

Email: nathan.ryan@nwrcommunications.com.au

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 - - -
Net income 2022 34,0 M 25,4 M 25,4 M
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 122 M 91,5 M 91,2 M
Capi. / Sales 2022 -
Capi. / Sales 2023 -
Nbr of Employees 3
Free-Float 78,5%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,24 AUD
Average target price 0,40 AUD
Spread / Average Target 70,2%
Managers and Directors
Melkon Palancian Managing Director & Executive Director
Rod Lovelady Chief Financial Officer
Brett Fletcher Non-Executive Chairman
Karl Spaleck Operations Manager
Mark Hanlon Independent Non-Executive Director
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