The Liontown Project is located 40km southwest of Charters Towers in North Queensland. It is accessed by the Flinders Highway and the Gregory Developmental Road.

Red River acquired the Liontown Project in 2014 with the acquisition of the Thalanga Base Metal Operations.

Red River has increased the Liontown Project Mineral Resource by 115% since acquisition, with the discovery of Liontown East and the completion of a drilling program in 2019.

The Liontown Mineral Resource is currently 4.1Mt @ 0.6% Cu, 1.9% Pb, 5.9% Zn, 1.1 g/t Au & 29 g/t Ag (12.7% Zn Eq.). The Liontown deposit is open at depth and strike with significant potential for further Mineral Resource increases.

The Liontown Mineral Resource has a significant gold component (1.1 g/t Au – 152koz contained Au), which, when the Liontown Project commences production will materially increase gold production at Thalanga.

 Liontown Mineral Resource Timeline

 

Liontown Project Location

 

Liontown Deposit

Mining at Liontown is estimated to have started on the gold-copper rich parts of the deposit in 1905, continuing until 1911. In 1952, a silver-lead lode, part of the Liontown Horizon was discovered and subsequently mined.

Mineralisation in the Liontown Horizon is developed in the basal siltstone unit of the hangingwall sequence, with the most consistent mineralisation lying immediately above the pumice breccia. Mineralisation is developed as multiple zones of stratiform, laminated, semimassive and rarely massive sulphide. The Liontown host rocks comprise a footwall sequence of dacitic pyroclastics termed pumice breccia, which has been strongly silicified and chlorite altered.

Liontown Project Development

Red River has commenced development activities at Liontown, with the intention to commence mining at Liontown in FY23. The Liontown deposit is open in all directions and is likely to be a key part of mining operations at Thalanga for the foreseeable future.