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Mining Capital
Market: ASX
52-week High/Low: A$0.41 / A$0.17
Sector: Mining
Market Cap: A$181.27M

Red River Resources (ASX:RVR) is a base metals explorer and developer focussed on a restart of the Thalanga Operations, located 60 kilometres south-west of Charters Towers in Central Queensland.

Red River Resources

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Red River Resources Snapshot

The primary goal of Red River Resources is to deliver our shareholders sustainable capital growth in addition to cash flow in the form of dividends, from the exploration, acquisition development and operation of mineral resources.


Thalanga Operations are located approximately 60km west of Charters Towers in Central Queensland, and approximately 200km SW of Townsville.

Thalanga was discovered in 1975 by Pennaroya Australia Pty Ltd and construction and development of the project was completed in 1989, and commercial production commenced.

The site is located 6km from the Flinders Highway and access to site is by a sealed all weather road. Thalanga Operations is located approximately 60km west of Charters Towers. The current population of Charters Towers is approximately 8,500 people, and Charters Towers is a regional centre for the mining industry, the beef industry and education.

Charters Towers was founded in the 1870’s with the discovery of gold in 1871. The Charters Tower’s goldfield produced over 6.6Moz of gold between 1871 and 1917, with an average grade of 34 g/t Au.

Historically, base metal concentrates produced by Thalanga were either exported through Townsville (200km by sealed road from Thalanga (the largest base metal concentrate export port in Australia, with 1.7Mt of copper, lead and zinc concentrates exported in 2012/2013) or treated at the Sun Metals zinc smelter and refinery located on the outskirts of Townsville.

(click here for more information on this project)

Last updated 8th June 2016.

Mr Brett Fletcher
Non Executive Chairman

Mr Fletcher, a qualified Mining Engineer (University of NSW, 1989), brings over 25 years experience in the metals and mining industry to Red River. His experience within the Australian base metal mining and smelting sector is without equal, where he has held multiple senior management and executive roles including Manager UG Operations Broken Hill Zinc Lead Mine, General Manager Rosebery Copper Lead Zinc Mine, General Manager Century Zinc Mine and General Manager Hobart Zinc Smelter, and from 2007 to 2011 was the Chief Operating Officer of Zinifex/OZ Minerals and then MMG. His most recent role (from 2011 to 2014) was Executive General Manager PNG Operations at Newcrest where he was responsible for the Morobe Mining JV, Gosowong and Lihir.

Mr Mel Palancian
Managing Director

Mr Palancian has over 20 years experience in the mining industry and his most recent role was Deputy Operations Director at Newcrest’s Gosowong operation in Indonesia. Prior to this, he held a range of senior positions including General Manager Technical Services for MMG, Manager Dugald River Development for OZ Minerals and Principal Adviser Mining for Zinifex.

He holds a Bachelor of Engineering (Civil & Computing) from Monash and a Masters in Engineering from RMIT.

Mr Donald Garner
Executive Director

Mr Garner is a geologist with over twenty years experience in the resource industry, corporate finance and corporate development roles. Mr Garner has a strong track record in the identification and acquisition of resource projects, recently being responsible for New Age Exploration’s (ASX: NAE) Lochinvar coking coal project and Sirius Minerals Plc (LSE:SXX) York Potash project. He previously worked in a corporate development role at Zinifex, and prior to that worked in metals and mining corporate finance in the United Kingdom. Mr Garner worked as a geologist in Western Australia in a number of roles, both as an exploration geologist and a mine geologist and also worked as an exploration geologist in Myanmar.

Mr Jim Black

Non Executive Director
BSc (Hons)

Mr Black, a qualified Chemical Engineer (University of London, 1969) brings over 40 years experience in project management and procurement to Red River. He started work for BP in 1969 as a Chemical Engineer, and has held a number of senior project management and procurement roles in BP’s Exploration and Production, Australian, Group Technology and International Corporate Groups and was seconded to the TNK-BP (Moscow) Joint Venture to act as Procurement and Supply Chain Project Director. He worked for Zinifex/OZ Minerals as Group General Manager (Studies) from 2007 to 2009, and then as Business Director (Project Management Group) for Hyder Consulting from 2009 to 2011. Since 2011, he has acted as a consultant in project management, leadership coaching, supply chain and procurement coaching.

Mr Paul Hart
Non Executive Director

Mr Hart holds a bachelor of commerce with majors in accounting and marketing. During the past 20 years he has developed a broad knowledge of the Australian stock market gained through managing his own private investment funds. Mr Hart’s expertise is focused on stocks which have a small market capitalisation covering a range of sectors including exploration and mining.

For the past five years he has also provided a range of investor relations services to companies and this has included several successful capital raisings. Prior to 2007 he was involved in business development, mergers and acquisitions and strategic planning for a global confectionery company.

Mr Mark Hanlon
Non-Executive Director
BABus(Fin) MABus(Fin)

Mr Hanlon has over ten years of experience in the resources and resource services sector as well as over ten years’ experience in commercial and merchant banking. He has a broad background of senior executive experience across a wide range of industries including mining, mining services, electricity distribution, electronics contract manufacturing, paper & packaging and insurance. He has most recently been the Finance Director of ENK plc and previously held the position or equivalent position of CFO with listed companies such as Century Drilling and International Contract Manufacturing Limited. Mr Hanlon is currently a director of Copper Strike Limited, Jacana Resources Limited and Rusina Mining Limited and is Company Secretary of VU Group Limited.

Last updated 8th June 2016.

Level 6, 350 Collins Street
Melbourne VIC 3000

Telephone: +61 3 9017 5380

Thalanga Minesite
PO Box 1248
Charters Towers QLD 4820


Donald Garner
Managing Director

Mel Palancian
Chief Operating Officer

Paul Hart
Non Executive Director

Cameron Bodley
CFO and Company Secretary

Company Secretary

Cameron Bodley
Telephone: +61 3 9095 7775
Fax: +61 3 9670 5942

Registered Office
Level 6, 350 Collins Street
Melbourne VIC 3000

Telephone: +61 3 9095 7775
Facsimile: +61 3 9670 5942

Company Auditors
Rothsay Chartered Accountants
Level 1/12 O’Connell Street,
Sydney NSW 2000

Solicitors to the Company

Piper Alderman
Level 16, 70 Franklin Street
Adelaide SA 5000

Share Registry
Computershare Investor Services Pty Limited
Level 2, 45 St Georges Terrace
Perth WA 6000
Telephone: 9323 2000
Facsimile: 9323 2033

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