Rio commits to big Citadel spend

SHARES in Antipa Minerals rose this morning after Rio Tinto committed to spend A$9.2 million on exploration at the Citadel project in Western Australia’s Paterson Province.

Rio commits to big Citadel spend Rio commits to big Citadel spend Rio commits to big Citadel spend Rio commits to big Citadel spend Rio commits to big Citadel spend

Drilling in the Paterson Province, WA

In January, Rio earned 51% of the project after spending $11 million on exploration ahead of schedule.

The company can move to 65% in the new three years by spending an additional $14 million.