Ann: Extension of Closing Date for Entitlement Offer, page-16

BARRY FITZGERALD
Independent Journalist
about 4 hours ago
There is mounting evidence that Rio is onto a major copper discovery in WA. It is yet to whisper a word, but satellite images reveal it has drilled ~10 holes and is building a camp. So which juniors are set to cash-in on the nearology? Sipa, Antipa and Red Metal.
Satellites don’t miss much nowadays when it comes to monitoring fresh land disturbance, particularly where cloaking vegetation is sparse.
It is something that Rio Tinto is finding out, no doubt much to its annoyance, at its yet-to-be formally confirmed copper discovery (reported here first on April 6) in the northern reaches of Western Australia’s remote Paterson province.
While Rio is yet to confirm the discovery in what is Lawrence of Arabia-type country, latest satellite imagery suggests it is indeed on to something that just might shape up as special, rewarding Rio for its efforts, and giving a bunch of exploration juniors looking to make it big in the Paterson a leg up.
Every time it punches in another drill hole, we’ll all know about it thanks to the satellite imagery being captured over the discovery every five or six days. It’s a satellite driven continuous disclosure regime outside of Rio’s control, and the ASX for that matter.
Latest public domain satellite imagery shows that amongst the sand dunes of the Paterson and some 120km north-north-west of Newcrest’s once Tier 1 Telfer gold-copper deposit, Rio has drilled at least 10 holes at 200m spacings with selected 100m infill holes.