Stage 1 (Bakers Creek Stockpile) Restart
The Stage 1 Restart will be based on treating the Bakers Creek Stockpile through the Hillgrove Processing Plant to produce gold doré.
Red River commenced processing material from the Bakers Creek stockpile in December 2020. The Bakers Creek stockpile was exhausted in Q1 FY22, a small amount of gold was produced from gold-bearing residues for the remainder of the 2022 year.
Stage 2 (Underground Production) Restart
Underground Production will allow the Hillgrove Processing Plant to transition from Bakers Creek Stockpile feed to UG ore feed when the Bakers Creek Stockpile is depleted. The aim of the Stage 2 Restart is to deliver a project with the following key parameters:
• Initial mine life of at least 5 years
• Production of 30-50koz Au Eq. from the UG operations
UG Operations will commence in the Metz Mining Centre, allowing Red River to take advantage of the existing UG development & infrastructure to target the high-grade Lode systems (Syndicate, Blacklode & Sunlight).
The Metz Mining Centre is currently on active care & maintenance, with all infrastructure (ventilation, power, water) in place to support near term restart of mining. Previous owners invested significant capital in development the Metz Mining Centre, with approximately 3,950m of declines and capital development, 3,400m of ore drives in the Syndicate Lode, 500m of ore drives in Blacklode and 320m of or ........