Red Crescent Resources
Red Crescent Resources Limited (RCR), is a Canadian listed (RCB-TSX) junior mining and exploration company with a business focussed on development in the Republic Of Turkey through a 99.96% owned operating subsidiary RCR Holding A.S. The Turkish operations are targeting historically inaccessible areas for application of modern mining and exploration techniques and technology to develop the full potential of known metal and mineral assets that exhibit strong scalability and high grade. RCR’s Hakkari Zinc project is one of two flagship projects under development and which is now producing DSO (Direct Shippable Ore) while developing resources from within the mineralized zone underground and with some open pitting, this project intends to have completed its metallurgical PFS and a PEA by end 2012 while having mined and shipped approximately 30 000t of Zn contained metal in DSO and concentrates. RCR’s other flagship project is the SIVAS Copper project being developed within RCR Holding A.S. subsidiary RCR Quantum A.S. and which is showing promising potential for development of a resource base in excess of 150m tons grading +1% Copper equivalent (with possible Nickel and Gold credits)”.
Turkish Commodities
TURKEY RICH IN NATURAL RESOURCES
Turkey is a highly prospective and still relatively under-explored country for mineral resources. The country not only offers resource potential for Copper, Zinc, Gold, Manganese and Chrome, but also has one of Europe's most favourable investment climates for mining companies. Over the past 10 years the Turkish government has actively worked in partnership with foreign companies to enhance the development of its rich resources sector.
Turkey is a highly prospective and still relatively under-explored country for mineral resources. The country not only offers resource potential for Copper, Zinc, Gold, Manganese and Chrome, but also has one of Europe's most favourable investment climates for mining companies. Over the past 10 years the Turkish government has actively worked in partnership with foreign companies to enhance the development of its rich resources sector.
Latest News
- Red Crescent Resources Announces Results Of First Metallurgical Testworks For Mineralised Metaials At Its Sivas Copper Project
- Red Crescent Resources (T: RCB) in the news
- Red Crescent Resources Announces A Summary on Plans for Processing of Zinc Oxide and Sulphide Mineralised Materials at the Hakkari Project
Project Selection Criteria
Projects must have the potential to:
• Be in the lower 30% of the cost curve
• Provide real ungeared IRR of at least 23% and a margin of at least 30% at realistic long term commodity prices