Advanced Projects (Producing/near Producing)
R3D Resource has two assets which are either generating a cash flow or expected to in the near term.
- The Company has been exporting low grade zinc furnace slag/matte from its Zeehan project in Western Tasmania and has exported more than 300,000 tonnes to-date.
- On our Tartana mining leases near Chillagoe we have been refurbishing a heap leach – solvent extraction – crystallisation plant which produced copper sulphate for a decade before being placed in care and maintenance in 2014. Production ramp up is expected to occur during 2023.
The combination of both projects is expected to provide the Company with cash to finance its exploration activities and potentially pay future dividends.