AZY 7.69% 1.2¢ antipa minerals limited

Rio's plans in the Paterson surely involve Calibre/Magnum being...

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    Rio's plans in the Paterson surely involve Calibre/Magnum being mined soon, hence the metallurgical drill holes currently being completed.

    Rio have been drilling and exploring the Magnum Dome for the last few years, one would think they would've abandoned plans to mine that area if they didn't feel it was viable. Instead this year they more than tripled last year's exploration budget, maybe likely to increase with their latest update outlining plans to drill a massive new gold/copper target

    I think Rio shareholders would be positive about a whole new gold/copper mining hub in Australia, not just because increased profits, but because the creation of thousands of jobs for Aussies in post-covid times
    Last edited by Shines2: 25/09/20
 
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