The Tartana copper sulphate plant. Source: R3D Resources
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • R3D Resources (R3D) is set to commence an 1800-metre reverse circulation drilling campaign at its Tartana mining leases in far north Queensland
  • The drilling is scheduled to begin early next week to enhance previously identified copper mineralisation at its mining leases
  • The program will also aim to upgrade the supergene copper resource to the indicated resource category
  • Exploration diamond drilling will require the use of a larger rig, which is anticipated to become available later in May
  • R3D Resources ends the day in the grey with shares trading at 11 cents

R3D Resources (R3D) is set to commence an 1800-metre reverse circulation drilling campaign at its Tartana mining leases in far north Queensland.

The drilling is scheduled to begin early next week to upgrade previously identified copper mineralisation at its mining leases.

The program will occur concurrently with metallurgical testwork on the existing heap leach material and overall refurbishment of the copper sulphate plant.

The program will aim to upgrade the supergene copper resource to the indicated resource category.

“The commencement of drilling is an important step in ensuring the market is aware of the potential copper resources at our Tartana project, which can support future copper production,” Managing Director Stephen Bartrop said.

“In particular, the proposed drilling has the ability to upgrade historical drill intersections which have previously not met JORC 2012 standards.”

While the upgrading of the supergene and oxide copper mineralisation is important to support future production, the company believes it will also be able to report a maiden copper sulphide resource below the pit.  

Exploration diamond drilling will require the use of a larger rig, which is anticipated to become available later in May.

R3D Resources has ended the day in the grey with shares trading at 11 cents.

R3D by the numbers
More From The Market Online

Week 13 Wrap: Easter bunny delivers new all time high for ASX200

Another week, another all time high. The ASX200 clocked 7,901pts on Thursday for the first time…
The Market Online Video

Market Close: Green lights up on ASX for Easter hunt go

The ASX200 closed the day in record territory - nearly a per cent up with every…

Market shrugs as Fisher & Paykel announces mass recall

Fisher & Paykel has initiated a voluntary limited recall of batches of Airvo 1 and my…
The Market Online Video

Market Update: ASX glows red hot with another hit record

The ASX200 is trading up, hitting a new high of 7901 point and eclipsing the last…