R3D Resources announced its inaugural shipment of copper sulphate pentahydrate from the Tartana plant, meeting minimum shipment requirements.

Kanins International will purchase the 28 bulk bags, totalling approximately 34 tonnes, at the mine gate.

This marks a crucial step in generating cash flow, with production set to resume next week, bolstered by rising copper prices nearing US$9,000 ($13,827) per tonne.

Managing Director Stephen Bartrop noted positive market prospects driven by the electric vehicle and energy transition sectors, with potential opportunities in the Chinese market due to a strengthening renminbi.