ASX Announcement ASX Code: RVR 28 July 2020 Quarterly Activities and Cash Flow Report for the period ending 30 June 2020 ________________________________________________________________________________ Quarter Highlights • Thalanga Operations record quarterly copper concentrate production of 2,697 DMT • A parcel of historic gold tailings from the Liontown Project was treated through the Thalanga Mill to produce 475 DMT of gold concentrate grading 62.3 g/t Au, 197 g/t Ag and 12.8% Cu • Thalanga Operations passed the milestone of milling 1.0Mt of ore since Red River restarted operations at the site in September 2017 Thalanga Operations • Record quarterly copper concentrate production of 2,697 DMT • Zinc concentrate production of 4,544 DMT • Lead concentrate production of 1,133 DMT • Gold concentrate production of 475 DMT • Total Far West UG capital development of 1038.9m Development Activities • $3.3 million invested in capital development, primarily at Far West • $0.2 million invested in exploration activities at Thalanga Operations • Delivery of gravity gold concentrate circuit for Hillgrove Gold Mine Restart completed Corporate • $15.6 million revenue generated from concentrate sales • C1 cost of US$ 0.30 per pound of payable zinc metal • C2 cost of US$ 0.64 per pound of payable zinc metal • C3 cost of US$ 0.86 per pound of payable zinc metal • Thalanga Operations EBITDA of $3.5 million • Cash balance of $8.1 million plus financial assets of $12.9 million (cash backed security bonds and deposits) as at 30 June 2020 • Red River repaid US$1 million during the quarter on the working capital facility, with the balance at quarter end reducing to US$5 million.
RVR Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held