UNDERGROUND

Thalanga slips into administration

AFTER months of operational issues at its flagship Thalanga base metal mine in Queensland Red River Resources has called in the administrators for its subsidiary, Cromarty Resources.

The Thalanga operation has claimed another scalp.

The Thalanga operation has claimed another scalp.

Cromarty owns Thalanga, including the proposed Liontown mine, and the Herberton exploration assets. Red River said ongoing reduced production levels and increasing costs risked Cromarty becoming insolvent,...

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