Winu copper/gold project, Australia – update
Name of the Project
Winu copper/gold project.
Location
Paterson province, Western Australia.
Project Owner/s
Rio Tinto.
Project Description
Rio Tinto has declared a maiden inferred mineral resource of 503-million tonnes at 0.45% copper equivalent at the Winu project.
This includes a higher-grade component of 188-million tonnes at 0.68% copper equivalent at a cut-off grade of 0.45% copper equivalent.
A new zone of gold-dominant mineralisation about 2 km east of the Winu deposit has also been discovered.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Not stated.
Planned Start/End Date
First production is targeted for 2024, subject to regulatory approval.
Latest Developments
Rio Tinto is continuing to work with the traditional owners to progress the project, which remains subject to all the required approvals.
Rio Tinto has indicated that drilling, studies and fieldwork to advance the key environmental permitting and project agreement negotiations with Nyangumarta and the Martu remain a priority.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Rio Tinto, email media.enquiries@riotinto.com.
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