Rio Tinto puts huge Winu copper-gold development in WA on the market with rumoured interest from South32 The West Australian. Tue, 13 August 2024
After teasing the immense potential of a copper discovery in WA’s north for years Rio Tinto is now sticking the once-hyped project —or at least a piece of it — in the shopfront window.
The West Australian understands that since the beginning of this year Rio has been increasingly sounding out potential buyers or joint venture partners for the Winu copper-gold project about 320km east of Port Hedland.
If a subscriber to The West Australian would kindly post the full text we would all be grateful.
I am sceptical: if the tenements had any merit, RIO wouldn't sell, if without demonstrable merit, S32 wouldn't buy. A JV? RIO is not capital constrained, so why would they?
Copper is Hot Hot Hot! Yet GK & team don't do impulsive rush-of-blood investment.
Still, this article does demonstrate S32 is out there tyre-kicking.
Ash
S32 Price at posting:
$3.14 Sentiment: Buy Disclosure: Held
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