R3D Resources: Resumes Zeehan shipments

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Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

R3D Resources Resumes Zeehan shipments

  • R3D Resources (R3D) resumes low-grade furnace slag/matte shipments from its Zeehan project in Tasmania after it was granted a stage two permit by the West Coast Council
  • The permit allows for crushing on site and access to the northern stock pile
  • As part of the conditions of the permit grant, the mining lease bond has increased and a final rehabilitation plan for the site has been submitted
  • The first resumed shipment departed last week with a 11,004-tonne export load heading to South Korea
  • Shares are trading in the grey to close at 8.7 cents
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