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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rio Tinto Ltd | ASX:RIOCD | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 125.35 | 123.81 | 125.35 | 0.00 | 01:00:00 |
From Jun 2022 to Jun 2024
By Christian Moess Laursen
Greatland Gold said Tuesday that it has entered a farm-in and joint-venture agreement with Rio Tinto Exploration to accelerate exploration across a tenure near Greatland's Havieron gold-copper project.
The mining company said the tenure--located within the Paterson Province of Western Australia--is highly prospective, and there has been historical delineation of gold in rock chips and copper intersected with strong correlation to a Telfer style deposit.
Initial minimum commitment is 1.1 million Australian dollars ($719,180) as well as 2,000 meters of drilling before 2024 year-end.
Greatland is entitled to earn up to a 75% joint-venture interest in the project tenements under the farm-in arrangement.
Drilling will begin during 2023, the company said.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
May 30, 2023 03:17 ET (07:17 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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