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Nov 24, 2020

Red River locks in renewed offtake deal

Red River locks in renewed offtake deal

Red River Resources has renewed its lead and zinc concentrate
offtake agreements and an extended working capital facility with commodities trading group Trafigura.

The company owns the Thalanga base metal operations 55km west of Charters Towers, where it has been producing copper, lead and zinc concentrate since September 2017.

Red River said the new offtake agreements would commence in January 2021 and run for three years.

Under the terms of the agreements, zinc and lead concentrates will be trucked approximately 200km to the Port of Townsville for onward delivery to customers.

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