Name of the Project
Thalanga zinc restart project.
Location
Queensland, Australia.
Client
Red River Resources.
Project Description
The Thalanga plant is currently on care and maintenance.
A restart study on Thalanga envisages the restart of production at the 650 000 t/y Thalanga processing plant near Townsville, in Queensland.
The study has highlighted several outstanding project qualities and has confirmed the economic viability and low risk of the proposed mining operation.
The study is based on production from three deposits – West 45, Far West and Waterloo.
The study envisages that Red River will sequentially mine the West 45, Far West and Waterloo deposits. The planned mine designs and schedules for West 45, Far West and Waterloo are based on industry-standard Australasian mechanised underground mining techniques.
Jobs to be Created
Not stated.
Net Present Value/Internal Rate of Return
The project has an estimated net present value, at an 8% (real) discount rate, of $84-million and an internal rate of return of 61%.
Value
Preproduction capital is estimated at $17.7-million.
Duration
Production is expected to start in the second half of the year.
Latest Developments
Red River Resources has awarded an underground mining contract to PYBAR Mining Services for the Thalanga project.
PYBAR is expected to mobilise to the site within the next two weeks and start underground mining operations at West 45 shortly thereafter.
Key Contracts and Suppliers
PYBAR Mining Services (underground mining contract).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Red River Resources, tel +61 3 9095 7775 or fax +61 3 9670 5942.