New road into Rio Tinto’s hush, hush find in Pilbara
6th December 2018
Resources Rising Stars
It remains reluctant to disclose what it is sitting on in the East Pilbara but mining giant Rio Tinto is spending more money to ensure better access (reports The West Australian).
The group yesterday confirmed it had tapped the Department of Mines and Petroleum for a licence that would make it easier to upgrade a 400km dirt road linking an exploration camp over its rumoured Winu copper discovery with the Great Northern Highway.
“The company confirms a miscellaneous licence application has been made for the purpose of undertaking maintenance on the existing road to allow for safer access to the site,” Rio said in response to questions from WestBusiness.
An upgraded road would make it easier to haul equipment to the camp, which is thought to support at least 50 workers.
Rio has already applied to build an airstrip to support the operations.
Its fevered activity in the Paterson province has stoked speculation it has made a monster copper discovery on its 10,000sq of tenements in the region, spurring share gains by juniors with adjacent ground.
With no regulatory obligation for Rio to disclose what it may have found, Winu remains shrouded in secrecy, frustrating the nearology plays who stand to benefit from a major discovery.
“Rio Tinto is conducting exploration in WA’s Paterson Ranges region but it is early stages and there is a lot more work to be completed to assess the potential or otherwise in the region,” Rio said yesterday.
Marindi Metals has joined the juniors ramping up activity on the back of the Rio work.
The company yesterday said it had expanded its ground-holding in the Paterson province to about 1200sq km through in-fill pegging of acreage around its existing tenements and the addition of new ground across the emerging copper-gold belt.
Image via MiningNews.net
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