R3D Resources (ASX:R3D) announced financial results for the quarter ended 30 September 2022.

Drilling commenced to define northern oxide mineralisation.

Plant refurbishment advanced and commissioning plans being drafted.

Last major item, the process control board being constructed for installation in early December.

In pit copper mineralisation found to comprise mostly primary (chalcopyrite) mineralisation.

Drilling to extend existing resource to 100 m depth.

Encouraging TDH 24 intersection of 12 m @ 10.7% Zn.

Mineralised zone remains open at depth, orebody modelling in progress.

Second shipment (20,000 tonne) exported since granting of second stage permit.

Option over Nightflower Silver Project to be exercised at discounted price.

Exercise of Beefwood option progressing with transfer of EPM in progress.

HeliTEM survey for Beefwood/Bulimba now planned for 1H 2023.

Cardross copper/gold and Mountain Maid gold project resource modelling in progress.

Mr Jihad Malaeb moves to Chairman role and provides $500k loan convertible at $0.15 per share subject to shareholder approval.

Cash at 30 September 2022 of $0.78m prior to recent Zeehan slag sale revenue.

Following the announcement the company?s share price unchanged.