Red River Resources Ltd. finalized off-take agreements for zinc and lead concentrates to be produced from its Thalanga zinc project in Northern Queensland, Australia.
The company's wholly owned subsidiary Cromarty Resources Pty. Ltd. signed the contract to supply 122,000 dry tonnes of zinc concentrate and 27,400 dry tonnes of lead concentrate to Trafigura Pte. Ltd.
Pricing will be determined in reference to the prevalent metal prices on the London Metal Exchange at the time of shipment.
The tonnage is expected to be shipped in the first 36 months following the start of commercial production.