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I don't have access to this story just released, but would be...

  1. Shines2
    1,710 Posts.
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    21/05/21
    11:56
    Post #: 53329038

    I don't have access to this story just released, but would be interesting to read it all.

    IMO if RIO have multiple Calibre-like deposits in the Paterson, I could see perfectly how RIO could turn it into a tier-1 mining operation. Eventually by having multiple shallow depth satellite mines, RIO could bypass very expensive and time consuming project developments of ie. 1 massive underground deposit and associated infrastructure. And instead go for rapid development by choosing multiple smaller open pit deposits

    https://www.mining-journal.com/research/news/1410454/rio-tintos-think-small-test-at-winu


    Rio Tinto's think-small test at Winu

    Is small the new tier one in copper? That’s a question being asked by investors as Rio Tinto edges closer to a decision on whether to develop its smallest mine in decades, the Winu project in the remote Paterson Province of north-west Australia.

    Last edited by Shines2: 21/05/21
    AZY Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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