EXPLORATION & DEVELOPMENT

Rio does another Paterson deal

SIPA Resources has signed a A$12 million farm-in agreement with Rio Tinto over its Paterson North project in Western Australia.

Sipa drilling in the Paterson Province

Sipa drilling in the Paterson Province

Rio has committed to spend at least $3 million on exploration but will need to spend $6 million in total to earn 55%. It can spend an additional $6 million to get to 70% and can get to 80% by sole funding...

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