What is the status with RIO Tinto? Is it continuing or at a standstill? Renascor entered into binding agreement with Rio Tinto Exploration regarding EL 5586, part of Renascor’s Marree Project in South Australia’s Adelaide Fold Belt (see Figure 1). Rio Tinto Exploration may earn up to an 80% interest in EL 5586 through payments of $200,000 to Renascor and sole funding exploration expenditure of $3 million. Renascor will retain a 100% interest in the remaining Marree Project exploration licences, EL 6170 and EL 6403.The agreement offers Renascor the opportunity to benefit from Rio Tinto Exploration's resources and exploration expertise, while concurrently allowing Renascor to focus on core projects with near- term potential to offer significant value uplift. Renascor will retain a 100% interest in the remaining Marree Project exploration licences, EL 6170 and EL 6403.
It's dead at our other properties - no one wants to or can't.
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