CAPITAL MARKETS

Chariot buys Rio's Marcona

CANADIAN explorer Chariot Resources has acquired Rio Tinto's Marcona copper project in Peru for total consideration between US$33.5 - $43.5 million, including the Mina Justa prospect, which contains an estimated 2.2 billion pounds of copper.

Rebecca Keenan

Chariot buys Rio's Marcona

The Marcona project has an inferred mineral resource of 218.3 million tonnes at 0.8% copper, with the Mina Justa prospect being the principal exploration target to date – with Rio drilling 103 holes totalling...

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