EXPLORATION & DEVELOPMENT

Rio likes Red Metal

RIO Tinto has kicked-off drilling at Red Metal’s mineral sands projects in the Eucla Basin in South Australia after the world’s largest miner agreed to solely fund exploration and a bankable feasibility study up to a decision to mine.

Michael Vaughan

Rio Tinto can earn a 60% interest by funding a BFS and making a decision to mine within five years with a provision to defer the decision for up to two years. The major must spend a minimum of $300,000...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.